Avantel Ltd

📊 Avantel Ltd's Q4 FY26 Fund Utilization Update: 94.5% of Rights Issue Capital Deployed

• ₹52.33 crore utilized for new manufacturing facility (97.2% of ₹53.85 crore allocated)

• ₹3.26 crore utilized for GSaaS infrastructure (52.8% of ₹6.17 crore allocated)

• Completion timeline extended to FY2026-27 for both manufacturing facility and GSaaS infrastructure projects

• Total funds utilized: ₹76.48 crore (94.5% of ₹80.91 crore raised)

• ₹4.43 crore remains unutilized, held in monitoring account

• General Corporate Purpose (₹19.94 crore) and Issue Expenses (₹0.95 crore) fully utilized in Q1 FY26