In terms of Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, Avantel has informed that the Rights Issue Committee of the Board of Directors of the company has today May 29, 2025, considered and approved the allotment of 2,02,26,100 Equity Shares of Face Value of Rs.2/- each on Rights Basis to the eligible shareholders at an issue price of Rs.40/- per Equity Share (including a premium of Rs.38/- per Equity Share). The said allotment is made pursuant to the terms set out in the Letter of Offer dated May 5, 2025, and the ‘Basis of Allotment’ as finalised in consultation with the Bigshare Services (‘Registrar to the Issue’) and as approved by BSE (‘the Designated Stock Exchange for the Issue’). Consequent to the said allotment, the Paid-up Equity Share Capital of the Company stand modified as details enclosed. The meeting commenced at 7.30 pm and ended at 8.10 pm. The above information is also available on the website of the Company: www.avantel.in.
