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Avantel Limited has confirmed compliance with the Securities and Exchange Board of India regulations regarding the dematerialization of equity shares for the quarter ended December 31, 2024. The company reported that share certificates received for dematerialization have been duly mutilated and canceled following verification, with the depository listed as the registered owner. This ensures that the shares are properly accounted for on both the BSE and NSE, reflecting robust governance practices.
This update may bolster investor confidence in Avantel's operational integrity and support a positive outlook, as it underscores effective management of share ownership transitions.