The Exchange had sought clarification from Avantel Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.
AVANTEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
NSE/BSE sought clarification from Avantel Limited regarding discrepancies in its Q4 FY26 financial results filed on April 26, 2026 under SEBI Regulation 33. Two issues were raised: (1) a balancing figure note was missing from the prescribed format, and (2) mismatches existed in XBRL filings for standalone revenue from operations, consolidated diluted EPS, and consolidated segment liabilities. The company submitted revised financials correcting both issues, clarifying that revisions are purely technical with no impact on reported financial performance. The audited standalone net profit for FY26 came in at ₹3,217.21 Lakhs (vs ₹8,271.56 Lakhs in FY25), while consolidated net profit was ₹1,499.38 Lakhs (vs ₹5,644.46 Lakhs), reflecting a significant decline. Standalone revenue was ₹22,135.23 Lakhs (down from ₹24,848.36 Lakhs). The company also strengthened its review and validation controls to prevent future discrepancies. Auditors issued an unmodified opinion.
The company faced regulatory scrutiny for formatting and XBRL errors, though these were dismissed as technical with no impact on financials. However, the underlying profit decline of ~61% YoY on standalone basis is a significant concern for investors, indicating material deterioration in operating performance compared to the previous year.