Company Profile

Avantel has received supply order worth of Rs 1.84 crore from Headquarters Naval Aviation, Goa. The said order is to be executed in one year. Earlier, the company had bagged purchase order worth of Rs 7.20 crore from M/s Larsen & Toubro. 

Avantel is actively involved in design and development of products based on High Power Broad band Wireless, Satellite Communication and Broad band access technologies.

Avantel is currently trading at Rs. 112.27, up by 1.03 points or 0.93% from its previous closing of Rs. 111.24 on the BSE.

The scrip opened at Rs. 114.00 and has touched a high and low of Rs. 114.00 and Rs. 111.50 respectively. So far 310031 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 140.00 on 23-Jan-2024 and a 52 week low of Rs. 31.00 on 09-May-2023.

Last one week high and low of the scrip stood at Rs. 114.00 and Rs. 99.05 respectively. The current market cap of the company is Rs. 2734.35 crore.

The promoters holding in the company stood at 40.06%, while Non-Institutions held 59.94% stake in the company.

Avantel has received supply order worth of Rs 1.84 crore from Headquarters Naval Aviation, Goa. The said order is to be executed in one year. Earlier, the company had bagged purchase order worth of Rs 7.20 crore from M/s Larsen & Toubro. 

Avantel is actively involved in design and development of products based on High Power Broad band Wireless, Satellite Communication and Broad band access technologies.

Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Avantel has informed that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, April 25, 2024: i) Approve and take on record the Audited Standalone Financial Results of the Company under Indian Accounting Standards (Ind AS) for the Financial Year ended March 31, 2024; ii) Approve and take on record the Audited Consolidated Financial Results of the Company and its subsidiaries under Ind AS for the Financial Year ended March 31, 2024; iii) To recommend a final dividend, if any, on the equity shares of the Company for the financial year ended March 31, 2024, for the approval of the shareholders at the ensuing 34th Annual General Meeting; iv) To fix the record date for the payment of final dividend; v) To approve the Director's Report along with annexures; and vi) To fix the date of the 34th Annual General Meeting of the Company. Further, in accordance with the Company’s Code of Conduct for Prevention of Insider Trading, the Company has intimated its ‘designated persons’ regarding the closure of the Trading Window. Accordingly, the trading window is closed from April 1, 2024, till the expiry of Forty-Eight hours from the conclusion of the Board of Directors Meeting.

The above information is a part of company’s filings submitted to BSE.