Avantel Limited has announced the resignation of Mrs. Mini Ipe from her position as Independent Director, effective February 21, 2026. The resignation was submitted due to preoccupation and certain unexpected personal commitments, as disclosed in the company's regulatory filing under SEBI regulations.

Resignation Details

Mrs. Mini Ipe, holding Director Identification Number (DIN) 07791184, tendered her resignation from the Board of Directors with immediate effect from February 21, 2026. The company received formal notification through a resignation letter, which has been included as part of the regulatory disclosure.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer D Rajasekhara Reddy signed the regulatory filing, ensuring compliance with all statutory requirements.

Mrs. Ipe provided confirmation that there are no other material reasons for her resignation beyond those mentioned in her resignation letter. She also confirmed that there are no material concerns or issues with respect to the management or affairs of the company.

Other Directorships

As part of the regulatory disclosure, Avantel Limited provided details of Mrs. Mini Ipe's directorships in other listed companies:

Committee Positions

Mrs. Ipe also held various committee positions in these listed companies:

• Axis Bank Limited: Member of Audit Committee and Nomination and Remuneration Committee
• PTC India Financial Services Limited: Member of Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee and Risk Management Committee

Acknowledgment

In her resignation letter, Mrs. Ipe expressed appreciation for the cooperation, guidance, and support extended by the Chairman, Board Members, and management team during her tenure. She described her service on the Board of Avantel Limited as a privilege and valuable learning experience.

The company has committed to filing the necessary forms with the Registrar of Companies and other statutory authorities as required by law following the resignation.

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.