Avantel's Board approved audited standalone and consolidated financial results for Q4 and FY ending March 31, 2026, reporting a standalone net profit of ₹705.23 lakhs for the quarter.
The Board recommended a final dividend of ₹0.20 per equity share (10% on face value of ₹2) for FY26, subject to shareholder approval at the AGM on June 24, 2026.
Key board decisions included appointing two new independent directors, enhancing borrowing limits to ₹350 crore, and appointing new statutory, cost, and internal auditors for FY27.
The statutory auditors, Grandhy & Co., issued unmodified audit opinions on both the standalone and consolidated financial results for the period.