Avantel has informed that the Board of Directors of the Company at their meeting held on Saturday, January 18, 2025, considered and approved the following: Un-audited Standalone Financial Results along with Limited Review Report for the Third Quarter ended on December 31, 2024, as recommended by the Audit Committee and reviewed by the Statutory Auditors; and Un-audited Consolidated Financial Results along with Limited Review Report for the Third Quarter ended on December 31, 2024, as recommended by the Audit Committee and reviewed by the Statutory Auditors. In view of the upward revision of the fund raising for the expansion plans through rights issue of equity shares, it has been decided to withdraw the Draft Letter of Offer (DLOF) dated December 4, 2024, filed with the stock exchanges. The Meeting of the Board of Directors held today commenced at 11.15 am and concluded at 11.50 am.
The above information is a part of company’s filings submitted to BSE.
