Avantel Limited — Board Meeting, 26-04-2025: Outcome of Board Meeting

The Board of Directors of Avantel Limited has convened to approve the audited financial results for the quarter and financial year ended March 31, 2025. Key outcomes include a net profit of ₹73.56 crore for the financial year, with a recommendation for a final dividend of ₹0.20 per share, subject to shareholder approval. The board also decided to raise funds through a rights issue amounting to a maximum of ₹81 crore. Additionally, the 35th Annual General Meeting is set for June 21, 2025, via video conferencing.