Avantel Limited has announced that its Board of Directors will convene on April 26, 2026, to deliberate on crucial corporate matters, including the approval of audited financial results for the financial year ended March 31, 2026, and the recommendation of final dividend for shareholders.

Board Meeting Agenda

The comprehensive agenda for the board meeting encompasses several significant items that will shape the company's immediate future:

The board will specifically focus on approving and taking on record both standalone and consolidated audited financial results, marking the completion of the company's financial reporting cycle for FY26.

Dividend and Shareholder Matters

A key highlight of the meeting will be the board's consideration of final dividend recommendation for the financial year ended March 31, 2026. This proposal, once approved by the board, will be subject to final approval by equity shareholders at the company's ensuing Annual General Meeting.

The board will also determine the date for Avantel Limited's 36th Annual General Meeting, continuing the company's tradition of regular shareholder engagement and corporate governance.

Trading Window Restrictions

In strict adherence to regulatory compliance, Avantel Limited has implemented comprehensive insider trading prevention measures. The company has notified all designated persons regarding the closure of the trading window, which became effective from April 1, 2026.

This trading window closure ensures full compliance with the Securities and Exchange Board of India regulations and the company's internal Code of Conduct for Prevention of Insider Trading.

Regulatory Compliance

The board meeting announcement has been made pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about board meetings where financial results and dividend recommendations are to be considered.

The notification was formally communicated to both BSE Limited and National Stock Exchange of India Limited, ensuring transparency and regulatory compliance across all trading platforms where Avantel Limited shares are listed.

Avantel Limited has officially announced receiving a purchase order worth ₹11.59 crore from NewSpace India Limited (NSIL) for the supply, installation and commissioning of devices for Xponders. The company disclosed this development through a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Purchase Order Details

The comprehensive order details highlight the scope and specifications of this significant contract:

Regulatory Compliance

The order was received via email communication and falls under the company's regular business operations. As per SEBI guidelines, Avantel has provided comprehensive details of the contract in its regulatory filing. The purchase order represents a domestic manufacturing contract with NewSpace India Limited, which serves as the commercial arm of the Indian Space Research Organisation (ISRO).

Strategic Significance

This contract reinforces Avantel's position in the Indian space technology sector, demonstrating the company's capabilities in providing specialized space communication solutions. The order encompasses end-to-end services including supply, installation, and commissioning of Xponder devices, showcasing Avantel's comprehensive technical expertise.

The extended execution timeline until October 2026 provides the company with adequate time to deliver the complete project requirements. This engagement with NewSpace India Limited further strengthens Avantel's presence in the growing Indian space technology market and highlights its role as a trusted supplier for critical space infrastructure components.

Source: None/Company/INE005B01027/5f147c6e-e5f0-494b-877c-8f7327e1d169.pdf