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Avantel Limited is proposing two corporate actions: an amendment to its Articles of Association to expand its business scope into areas including medical electronics, defense technology, artificial intelligence, and cybersecurity, and the merger of its wholly-owned subsidiary, Imeds Global Private Limited, into Avantel itself. The merger, considered a related-party transaction conducted at arm’s length, will consolidate operations and simplify governance, with no share exchange required due to Avantel’s full ownership of Imeds Global. As of March 31, 2026, Imeds Global reported revenue of Rs 160.32 crore and a net worth of Rs 2,182.83 crore, while Avantel Limited’s revenue stood at Rs 22,135.23 crore and its net worth at Rs 35,650.45 crore. The move is expected to have no impact on Avantel’s shareholding pattern.

Avantel Limited is proposing two corporate actions: an amendment to its Articles of Association to expand its business activities and the merger of its wholly-owned subsidiary, Imeds Global Private Limited, into the parent company. The amendment would allow Avantel to engage in a broader range of businesses, including medical devices, defense electronics, embedded systems, and artificial intelligence, alongside manufacturing services and digital infrastructure development. As of March 31, 2026, Imeds Global Private Limited reported revenue of Rs 160.32 crore and a net worth of Rs 2,182.83 crore, while Avantel Limited’s revenue was Rs 22,135.23 crore and its net worth was Rs 35,650.45 crore. The merger, designed to rationalize the group structure and improve operational efficiency, will not involve any share exchange and will not alter Avantel’s shareholding pattern, and is being conducted at arm’s length.

Avantel Limited announced the allotment of 65,016 equity shares to eligible employees upon the exercise of options under its Avantel Employees Stock Option Plan 2023 (ESOP 2023), increasing the company`s paid-up equity share capital from 26,57,10,850 shares with a total value of Rs 53,14,21,700 to 26,57,75,866 shares with a total value of Rs 53,15,51,732.

Net profit of Avantel rose 66.87% to Rs 5.39 crore in the quarter ended June 2026 as against Rs 3.23 crore during the previous quarter ended June 2025. Sales rose 35.66% to Rs 70.42 crore in the quarter ended June 2026 as against Rs 51.91 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales70.4251.91 36 OPM %24.7520.13 - PBDT15.809.70 63 PBT8.705.30 64 NP5.393.23 67 Powered by Capital Market - Live News

Avantel will hold a meeting of the Board of Directors of the Company on 11 July 2026.