Avantel Limited has received an amendment to a purchase order from Bharat Electronics Limited, increasing the total order value. The amendment, received on May 21, 2026, adds an additional value of ₹1.92 crore for the supply of Power Amplifiers. This addition is over and above the existing order value of ₹11.04 crore, which was previously communicated regarding orders dated November 22, 2025, and May 5, 2026.

The company disclosed that the order is domestic in nature and falls under the manufacturing category. Execution of the order is scheduled to be completed by September 2026. The significant terms of the order include a performance bank guarantee requirement of 5%.

The details of the transaction confirm that the promoter, promoter group, or group companies do not have any interest in the entity awarding the order. Furthermore, the transaction does not fall within related party transactions.

Order Details

Avantel Limited has announced that its Founder & Chairman and Managing Director, Dr. Abburi Vidyasagar, has donated equity shares of the company to Lakshmee Foundation, a charitable trust focused on healthcare and social welfare initiatives. The development was disclosed via a press release issued by Lakshmee Foundation and submitted to the stock exchanges on May 5, 2026.

Philanthropic Share Donation to Lakshmee Foundation

Dr. Abburi Vidyasagar, who also serves as a Trustee of Lakshmee Foundation, donated 60,00,000 (Sixty Lakh) equity shares of Avantel Limited to the Foundation on May 4, 2026. The contribution is intended to support and expand various healthcare-related philanthropic activities, particularly those aimed at improving access to quality healthcare for underserved communities.

Key details of the donation are summarised below:

Utilisation of Donated Shares

Lakshmee Foundation, described as a non-profit organisation committed to social welfare with a particular focus on the healthcare sector, will utilise the donated shares in a structured and strategic manner. The proceeds are to be directed towards supporting healthcare initiatives, including the operations of Lakshmee Foundation Hospital, located at Sri Vinayaka Complex, 54-15-5, Ring Road, NH-16, Vijayawada – 520008, Andhra Pradesh.

About Lakshmee Foundation

Lakshmee Foundation was instituted in the year 2010 with the mission to "Serve the Needy" for the larger good of society. The Foundation was established in memory of Late Smt. Abburi Lakshmeekantham and carries out philanthropic activities across multiple domains:

• Health — healthcare access for the underprivileged
• Education — support for underprivileged communities
• Women Welfare — initiatives supporting women
• Orphan and Old Age Care — support for orphans and elderly individuals
• Distress Relief — assistance to people under distress

The Foundation is guided by its Trustees — Dr. Abburi Vidyasagar, Mrs. Abburi Sarada, Mr. Abburi Siddhartha Sagar, Ms. Abburi Sailaja, Mr. Nimmagadda Sreenivasa Rao, and Mr. Myneni Sampat Kumar. Its activities are concentrated in the Andhra Pradesh and Telangana regions, and its motto is "A little bit for yourself and everything for others."

This initiative aligns with the Foundation's stated objective of creating a meaningful and lasting impact in improving healthcare accessibility for underserved populations.