Summary of Key Information:
Reporting Period (Quarter/Year): Not Applicable
Nature of Filing / Announcement: Outcome of Board Meeting pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015
Audit Opinion:
Not Specified
Key Financial Highlights:
Standalone Results for year ended March 31, 2026:
- Imeds Global Private Limited: Revenue ₹160.32 lakh, Net Worth ₹2,182.83 lakh
- Avantel Limited: Revenue ₹22,135.23 lakh, Net Worth ₹35,650.45 lakh
Corporate Actions:
1. Merger Approval: Board approved merger of Imeds Global Private Limited (wholly-owned subsidiary) into Avantel Limited under Sections 230-232 of Companies Act, 2013
- Rationale: Simplify group structure, eliminate administrative duplication, improve operational efficiency
- No cash consideration or share issuance required (Imeds is fully owned)
- No change in shareholding pattern of Avantel Limited
- Transaction exempt from related party transaction requirements under Regulation 23(5)(b) of SEBI LODR Regulations
2. Memorandum of Association Alteration: Board approved insertion of additional objects under Main Objects Clause, subject to shareholder approval via Postal Ballot
- New business areas include:
- Medical devices, healthcare equipment, and healthcare IT services
- Satellite technology, spacecraft systems, and space-based services
- Energy systems including nuclear, solar, wind, hydrogen, and energy storage
- Advanced manufacturing and engineering services
- Microelectronics, semiconductor, and AI systems development
Other Significant Information:
- Imeds Global business: Design, development and manufacturing of medical electronic devices and healthcare solutions with focus on respiratory care, patient monitoring, surgical instruments, endoscopy and homecare solutions
- Avantel Limited business: Design, development, manufacturing, system integration, testing, installation and commissioning of defence electronics, satellite communication systems and telecom systems, along with development of embedded systems, network management and application software