Avantel wins Rs 20.81 crore SATCOM order from L&T

0 min read Updated on 21 Jul 2026, 09:23 AM

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Shriram SScanX News Team

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Avantel Limited received a purchase order worth ₹20.81 crore from Larsen & Toubro Limited for SATCOM product services. The domestic order, inclusive of taxes, is scheduled for execution by July 2027 and complies with SEBI LODR regulations.

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Avantel Limited has secured a purchase order worth ₹20.81 crore from Larsen & Toubro Limited for services relating to SATCOM products. The order, inclusive of applicable taxes, is expected to be executed by July 2027. This development strengthens the company's order book within the domestic market.

The intimation regarding the receipt of the purchase order was made on July 17, 2026. The company disclosed the details in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with a SEBI circular dated July 13, 2023.

The order pertains to the service of SATCOM products and has been awarded by a domestic entity. Avantel confirmed that there are no interests held by the promoter, promoter group, or group companies in the entity awarding the order. Furthermore, the transaction does not fall under related party transactions.

Particulars	Description
Name of Client	Larsen & Toubro Limited
Nature of Order	Service of SATCOM Products
Order Size	₹20.81 Crores (Incl. Taxes)
Execution Timeline	July 2027
Category	Domestic

Historical Stock Returns for Avantel

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.32%	-1.57%	-9.62%	+4.16%	+22.96%	-16.65%

How will this order impact Avantel's revenue projections for the current and upcoming fiscal years?

What are the potential margins associated with SATCOM product services compared to Avantel's other business segments?

Does this order indicate a growing trend in domestic demand for SATCOM solutions, and how might Avantel capitalize on it?

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Avantel begins remote e-voting for postal ballot on director appointments

2 min read Updated on 17 Jul 2026, 01:25 PM

Reviewed by

Jubin VScanX News Team

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Avantel Limited has initiated remote e-voting for its postal ballot process, seeking shareholder approval for the re-appointment of Mr. Abburri Siddhartha Sagar as Executive Director, the appointment of Mr. Peddi Bala Bhaskar Rao as Director (Operations), and the re-appointment of Mr. Vyasaabhattu Ramchander as Independent Director. The e-voting facility is open from July 18, 2026, to August 16, 2026, with the cut-off date for voting entitlement set as July 14, 2026. The notice was dispatched electronically on July 16, 2026, and published in newspapers on July 17, 2026, in compliance with SEBI regulations.

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Avantel Limited has commenced remote e-voting for its postal ballot process to seek shareholder approval for the appointment and re-appointment of directors. The remote e-voting facility opened on Saturday, July 18, 2026, at 09:00 A.M. (IST) and will conclude on Sunday, August 16, 2026, at 05:00 P.M. (IST). The voting entitlement is determined based on the Register of Members or Register of Beneficial Owners as of the cut-off date, Tuesday, July 14, 2026.

The Notice of Postal Ballot was dispatched electronically on Thursday, July 16, 2026, to members with registered email addresses. In compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has also published the notice in newspapers, including Business Standard and Prajasakti, on July 17, 2026. Physical copies of the notice have not been dispatched, adhering to the Ministry of Corporate Affairs' circulars promoting electronic delivery.

Resolutions for Approval

Shareholders are requested to consider and approve the following special resolutions through remote e-voting:

Item No.	Resolution	Description
1.	Special Resolution	To consider and approve the re-appointment of Mr. Abburri Siddhartha Sagar (DIN: 02312563) as an Executive Director of the Company.
2.	Special Resolution	To consider and approve the appointment of Mr. Peddi Bala Bhaskar Rao (DIN: 10338290) as Director (Operations) of the Company.
3.	Special Resolution	To consider and approve the re-appointment of Mr. Vyasaabhattu Ramchander (DIN: 03400005) as an Independent Director of the Company.

Postal Ballot Schedule

The key dates for the remote e-voting process are outlined below:

Particulars	Details
Cut-off Date for determining voting entitlement	Tuesday, July 14, 2026
Commencement of Remote e-Voting	Saturday, July 18, 2026, at 09:00 A.M. (IST)
End of Remote e-Voting	Sunday, August 16, 2026, at 05:00 P.M. (IST)
Declaration of Results	Monday, August 17, 2026

Registrar and Share Transfer Agent Details

Shareholders holding shares in physical form must submit the prescribed request and supporting documents to the Registrar and Share Transfer Agent to update their email addresses. Those holding shares in Demat form should contact their respective Depository Participants.

Name and Address	Contact Details
KFIN Technologies Limited (Unit: Avantel Limited) Selenium Building, Tower-B, Plot No 31 & 32, Financial District, Nanakramguda, Serilingampally, Hyderabad - 500 032, Rangareddy, Telangana State, India.	E-mail: einward.ris@kfintech.com Website: https://www.kfintech.com Phone: +91 22 4617 0911 / +91 40 7961 5565 Fax: 040 - 2300 1153 Toll Free No: 1800 345 4001

The Board of Directors has appointed Mr. M. B. Suneel of M/s. P. S. Rao & Associates, Company Secretaries, as the Scrutinizer for conducting the Postal Ballot process. The results of the postal ballot will be declared on Monday, August 17, 2026.

Historical Stock Returns for Avantel