Avantel Limited has announced the receipt of a significant purchase order worth Rs.122.58 crores (excluding taxes) from NewSpace India Limited, marking a major business milestone for the telecommunications equipment manufacturer. The order, received via mail on February 10, 2026, involves the supply of advanced S/X-band with Ka-band ready full motion antennas.

Order Details and Specifications

The comprehensive contract encompasses supply, installation, and commissioning services, with execution scheduled for completion by August 2027. NewSpace India Limited, a domestic entity, has awarded this contract under specific terms that include financial safeguards and performance requirements.

Financial Terms and Conditions

The purchase order includes standard commercial safeguards to ensure project execution and performance standards. The contract stipulates a security deposit requirement of 2.50% of the order value, along with a performance bank guarantee of 0.50%.

Regulatory Compliance and Disclosure

Avantel Limited has made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that this order does not involve any related party transactions and that promoter groups have no interest in the entity awarding the contract.

The announcement, signed by D Rajasekhara Reddy, Company Secretary & Compliance Officer, was formally communicated to both BSE Limited and National Stock Exchange of India Limited on February 11, 2026. The company has also made this information available on its official website at www.avantel.in for stakeholder access and transparency.

Avantel Limited has completed the allotment of 1,91,140 equity shares to eligible employees under its Employee Stock Option Plan 2023 (ESOP 2023). The ESOP Allotment Committee approved this allotment on January 28, 2026, as part of the company's employee incentive program.

Share Allotment Details

The allotment involved 1,91,140 equity shares with a face value of Rs.2 each, issued to eligible employees who exercised their vested options under ESOP 2023. The shares were allotted at an exercise price of Rs.50 per share, with a premium of Rs.48 per share.

Impact on Share Capital

The allotment has resulted in an increase in the company's paid-up equity share capital. The total number of equity shares outstanding has risen from 26,54,66,930 shares to 26,56,58,070 shares.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, detailed disclosures have been provided pursuant to Regulation 10(c) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The newly allotted shares carry the ISIN number INE005B01027 and will rank pari passu with existing equity shares. The shares are identical in all respects to the company's existing shares and do not carry any lock-in restrictions.

Stock Exchange Listing

Avantel Limited's shares are listed on both BSE Limited (Scrip Code: 532406) and National Stock Exchange of India Limited (Symbol: AVANTEL). The company has informed both exchanges about this allotment as per regulatory requirements. Previous filings related to ESOP 2023 were made with BSE on November 16, 2023, and May 30, 2024, while NSE filing was completed on October 16, 2024.