Avantel Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/04/2025 ,inter alia, to consider and approve i) Approve and take on record the Audited ....
AVANTEL · price
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Avantel Ltd has informed the stock exchanges that its Board of Directors will meet on April 26, 2025. The Board will consider and approve the audited standalone and consolidated financial results for the financial year ended March 31, 2025. It will also consider recommending a final dividend for FY25 (subject to shareholder approval at the 35th AGM) and fix the record date for the same. Additionally, the Board will review the Director's Report, fix the date of the 35th AGM, and consider a proposal for fund raising through a Rights Issue or any other appropriate mode. The trading window for designated persons is closed from April 1, 2025 until 48 hours after the board meeting concludes.
Investors should watch for the audited FY25 results on April 26 for clarity on earnings performance. The mention of a potential Rights Issue or equity fund raising could dilute existing shareholders if approved, while a final dividend would be a positive return event.