Avantel Limited — Important, 26-04-2025: General Updates

The Board of Directors of Avantel Limited has approved a rights issue to raise funds through the issuance of equity shares valued at up to ₹81 Crore. This move is intended for eligible equity shareholders, with specific terms to be detailed in an upcoming letter of offer. Additionally, the appointment of M/s. P S Rao & Associates as the Secretarial Auditor, M/s. MPR & Associates as the Cost Auditor, and M/s. Ramesh & Co. as the Internal Auditor has been considered. These strategic decisions emphasize the company's focus on strengthening its governance framework and enhancing operational oversight. Investors should monitor the forthcoming rights issue as it could present an opportunity for participation in the company’s growth trajectory.