Avantel Gets ₹3.01 Crores Additional Order from BEL for Power Amplifiers, Total Rises to ₹11.04 Crores

1 min read     Updated on 06 May 2026, 07:26 AM
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Suketu GScanX News Team
AI Summary

Avantel Limited received an amendment to its existing purchase order from Bharat Electronics Limited, adding ₹3.01 Crores (excl. taxes) to the existing ₹8.03 Crores order for Power Amplifiers, bringing the total to ₹11.04 Crores. The domestic manufacturing order, originally dated November 22, 2025, is to be executed by July 2026, with a 5% Performance Bank Guarantee. The disclosure was made under Regulation 30 of SEBI (LODR) Regulations, 2015.

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Avantel Limited has received an amendment to an existing purchase order from M/s. Bharat Electronics Limited (BEL) for the supply of Power Amplifiers. The amendment, received on May 4, 2026, adds an additional order value of ₹3.01 Crores (excluding taxes) over and above the existing order value of ₹8.03 Crores, bringing the total order value to ₹11.04 Crores. The original purchase order was dated November 22, 2025. The company disclosed this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Amendment Details

The purchase order amendment pertains to a domestic manufacturing contract awarded by Bharat Electronics Limited. The key terms and conditions of the amended order are outlined below:

Parameter: Details
Awarding Entity: M/s. Bharat Electronics Limited
Nature of Order: Manufacturing
Product: Power Amplifiers
Additional Order Value: ₹3.01 Crores (Excl. Taxes)
Existing Order Value: ₹8.03 Crores
Total Order Value: ₹11.04 Crores
Domestic / International: Domestic
Execution Timeline: July 2026
Performance Bank Guarantee: 5%
Related Party Transaction: Not Applicable
Promoter Interest in Awarding Entity: Not Applicable

Compliance and Disclosure

The intimation was made in compliance with SEBI's circular dated September 9, 2015, read with the circular dated July 13, 2023. The disclosure was signed by D. Rajasekhara Reddy, Company Secretary & Compliance Officer of Avantel, on May 5, 2026. The company has also made the information available on its official website at www.avantel.in .

Historical Stock Returns for Avantel

1 Day5 Days1 Month6 Months1 Year5 Years
+0.17%+4.53%+15.37%-3.24%+44.46%-19.17%

Could this order amendment signal a larger strategic partnership between Avantel and BEL, potentially leading to more high-value contracts in the defense electronics space?

How might Avantel's ability to scale Power Amplifier production by July 2026 impact its capacity utilization and order book for the second half of FY2027?

Given BEL's expanding defense modernization pipeline, what is the likelihood of Avantel receiving additional amendments or new orders for related RF and communication products?

Avantel Limited Publishes Notice for Transfer of Unclaimed Dividends and Equity Shares to IEPF

2 min read     Updated on 27 Apr 2026, 12:52 PM
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Avantel Limited published a notice on April 27, 2026, regarding the transfer of unclaimed dividends and equity shares to IEPF. The Final Dividend for FY 2018-19, unclaimed for seven consecutive years, is due for transfer along with corresponding shares. Shareholders must claim their dividends by August 9, 2026, or face automatic transfer to IEPF without further notice.

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Avantel Limited has published a mandatory notice regarding the transfer of unclaimed dividends and equity shares to the Investor Education and Protection Fund (IEPF) on April 27, 2026. The company submitted newspaper clippings of this notice to both BSE Limited and National Stock Exchange of India Limited as part of its regulatory compliance requirements.

Regulatory Compliance and Publication Details

The notice was published in two newspapers on April 27, 2026 - Business Standard (English) and Prajasakti (Telugu). Company Secretary and Compliance Officer D Rajasekhara Reddy signed the communication to stock exchanges, confirming the publication of the IEPF transfer notice.

Parameter: Details
Publication Date: April 27, 2026
Newspapers: Business Standard (English), Prajasakti (Telugu)
Stock Exchanges Notified: BSE Limited, National Stock Exchange of India Limited
Company Secretary: D Rajasekhara Reddy

IEPF Transfer Requirements

Pursuant to the provisions of the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, the Final Dividend for the Financial Year 2018-19 has remained unclaimed for seven consecutive years and is now due to be transferred to IEPF. The corresponding equity shares in respect of which dividend has remained unclaimed for seven consecutive years shall also be transferred to the IEPF following prescribed procedures.

Impact on Shareholders

The company has issued individual notices to concerned shareholders, with details available on the company's website at https://www.avantel-in/investors/ . Shareholders should note the following implications:

For Physical Holdings:

  • Duplicate share certificates will be issued for transfer to IEPF
  • Original certificates shall stand cancelled

For Demat Holdings:

  • Demat accounts will be debited for shares liable for transfer to IEPF

Critical Deadline and Recovery Process

Shareholders must claim their unclaimed dividend on or before August 9, 2026. After this deadline, the company will transfer both the dividend and corresponding shares to IEPF without further notice. No claim shall lie against the company in respect of such transferred amounts or shares.

However, shareholders may subsequently claim the transferred amounts and shares from the IEPF Authority by filing Form IEPF-5 online and submitting required documents to the company's nodal officer.

Service Provider: Details
Registrar and Share Transfer Agent: KFin Technologies Limited
Address: Selenium Tower B, Plot No. 31-32, Financial District, Nanakramguda, Serilingampally Mandal, Hyderabad - 500032
Contact: Toll Free: 1800-3094-001
Email: einward.ris@kfintech.com

This regulatory action demonstrates Avantel Limited's compliance with IEPF regulations while providing shareholders with clear guidance on claiming procedures and deadlines.

Historical Stock Returns for Avantel

1 Day5 Days1 Month6 Months1 Year5 Years
+0.17%+4.53%+15.37%-3.24%+44.46%-19.17%

What percentage of Avantel's total shareholding will be transferred to IEPF, and how might this impact the company's ownership structure?

Could this significant unclaimed dividend transfer indicate underlying issues with Avantel's shareholder communication or investor engagement practices?

How might the transfer of equity shares to IEPF affect Avantel's voting dynamics and corporate governance decisions going forward?

More News on Avantel

1 Year Returns:+44.46%