Avantel Limited Submits Monitoring Agency Report for Q4FY26 Under Regulation 32

Avantel Limited has submitted the Monitoring Agency Report for the quarter ended March 31, 2026, to both BSE Limited and National Stock Exchange of India Limited. The report, issued by CARE Ratings Limited, covers the utilization of funds raised through the company's Rights Issue of equity shares aggregating Rs. 80.91 crore. The monitoring agency confirmed that proceeds have been utilized for the stated objects with no material deviations, though some timeline deviations were noted for certain capital expenditure projects. As of March 31, 2026, the company had utilized Rs. 76.48 crore, with Rs. 4.43 crore remaining unutilized and maintained in the monitoring account.