Avantel Limited (AVANTEL)
Outcome of Board Meeting
Outcome of Board Meeting on Sep 18, 2026
- Approved alteration of Memorandum of Association to add new main objects including medical devices, space tech, energy systems, microelectronics, AI and digital tech
- Approved merger of wholly owned subsidiary Imeds Global Private Limited into Avantel Limited
- Merger aims to simplify group structure, improve efficiency, and consolidate operations
- No share issuance or cash consideration; shares of subsidiary to be cancelled
- Postal Ballot notice approved for shareholder approval of MoA alteration
Source: Original filing PDF
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🚨 AVANTEL — Quarterly Results
Revenue: ₹2,35,800 Cr (+12% YoY)
PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
Board declared ₹10/share dividend. Jio adds 8M subs.
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