Avantel Limited , a company specializing in communications and signal processing products, has made significant employee benefit announcements with the grant of 10,000 stock options and allotment of 4,97,410 equity shares under its Employee Stock Option Plan 2023 (ESOP 2023). These developments follow the company's mixed Q2 FY26 results that showed revenue decline across segments.

Latest ESOP Grant and Allotment Details

The ESOP Allotment Committee approved the grant of 10,000 stock options to eligible employees on December 22, 2025, in compliance with SEBI regulations. Additionally, the committee has approved the allotment of shares to eligible employees upon exercise of vested options.

Consequent to the share allotment, the company's paid-up equity share capital has increased from 26,49,69,520 equity shares to 26,54,66,930 equity shares of ₹2.00 each.

ESOP Vesting Schedule

The newly granted stock options are subject to a minimum vesting period of one year with a structured vesting schedule:

Q2 FY26 Financial Performance

The ESOP activities come after Avantel Limited reported mixed results for the second quarter ended September 30, 2025, showing significant revenue and profit decline.

Segment-wise Business Performance

Avantel Limited operates across two primary segments with varying performance levels:

Communications and Signal Processing Products: This core business segment continues to be the primary revenue contributor for the company.

Healthcare Services: The newer healthcare segment reported losses of ₹190.39 lakhs during Q2 FY26, impacting overall consolidated performance.

Consolidated Financial Results

On a consolidated basis, the company's performance for Q2 FY26 showed:

Balance Sheet Position

As of September 30, 2025, Avantel Limited's consolidated financial position reflected:

The segment-wise asset allocation shows Communications and Signal Processing Products holding ₹36,578.59 lakhs in assets against ₹6,387.94 lakhs in liabilities, while Healthcare segment maintains ₹2,311.55 lakhs in assets.

Employee Benefits and ESOP Impact

During Q2 FY26, the company had previously allotted 7,600 equity shares under the same ESOP 2023 plan, with employee benefit expenses including ₹177.57 lakhs related to ESOP for that quarter. The latest grant of 10,000 options and allotment of 4,97,410 shares represents significant employee benefit initiatives under the ESOP 2023 framework.

The company continues to focus on its core communications and signal processing business while addressing challenges in the healthcare segment and maintaining its commitment to employee stock option benefits.

Avantel Limited has announced significant new contracts, bolstering its position in the defense technology sector. The company has received two separate purchase orders: one worth Rs. 3.95 crore (including taxes) from the Material Organisation, Indian Navy, Mumbai for the supply of Satcom Systems, and another worth Rs. 8.82 crore (excluding taxes) from Bharat Electronics Limited for the supply of Power Amplifiers.

Contract Details

Indian Navy Order

The order from the Indian Navy specifies the following key terms:

Bharat Electronics Limited Order

The order from Bharat Electronics Limited includes the following details:

Project Scope and Implications

The Indian Navy contract involves the manufacturing and supply of Satcom Systems, highlighting Avantel's expertise in satellite communication technologies for defense applications. This order reinforces the company's ongoing relationship with the Indian Navy and its role in supporting India's naval capabilities.

The Bharat Electronics Limited order focuses on the supply of Power Amplifiers, further demonstrating Avantel's capabilities in producing critical electronic components for defense applications.

Company Disclosure

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Avantel Limited has officially disclosed this information to the stock exchanges. The company has confirmed that both contracts do not involve any related party transactions and that there is no interest from the promoter or promoter group in the awarding entities.

About Avantel Limited

Avantel Limited, with its corporate office in Hyderabad and manufacturing units in Visakhapatnam and Hyderabad, is known for its advanced technological solutions. The company holds AS 9100D and ISO 9001:2015 certifications, indicating its commitment to quality in aerospace and defense manufacturing.

These new orders underscore Avantel's continued growth in the defense sector and its ability to secure significant contracts with key national security organizations and defense public sector undertakings.