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Avantel Limited ( (IN:AVANTEL) ) has issued an announcement.
Avantel Limited has submitted to Indian stock exchanges a Monitoring Agency Report for the quarter ended 31 December 2025, detailing the oversight of funds raised through its Rs 80.91 crore rights issue of equity shares launched via a Letter of Offer dated 5 May 2025. CARE Ratings Limited, acting as the independent monitoring agency under SEBI regulations, confirmed that the proceeds from the rights issue have been appropriately utilised for the purposes stated in the offer document, reinforcing regulatory compliance and providing assurance to shareholders and other stakeholders regarding the disciplined deployment of the raised capital.
More about Avantel Limited
Avantel Limited is an Indian technology company listed on the BSE and NSE, operating out of Andhra Pradesh and Telangana with multiple units and AS 9100D / ISO 9001:2015 certifications, indicating a focus on high-reliability, quality-driven products and services, likely for aerospace, defence or communications sectors. The company raises capital from public markets, including through rights issues of equity shares, to fund its growth and operational objectives as disclosed to regulators and investors.
Average Trading Volume: 146,177
Technical Sentiment Signal: Hold
Current Market Cap: 36.2B INR
Learn more about AVANTEL stock on TipRanks’ Stock Analysis page.