Avantel Limited — Important, 21-07-2025: Updates

Avantel Limited announced the passing of Mr. Abburi Venkateswara Rao, a Promoter of the company, who held 23,78,786 equity shares (0.90% stake). Following his demise, he will no longer be considered part of the Promoter Group. The process for transmitting his shareholding to the nominee is currently in progress, with shares remaining in his name until completion. The company expressed deep sorrow, acknowledging a significant loss.