Avantel Ltd Approves Merger of Wholly Owned Subsidiary

Avantel Limited's Board of Directors has approved the merger of its wholly owned subsidiary, Imeds Global Private Limited, into Avantel Limited. The merger is subject to approvals from the National Company Law Tribunal (NCLT) and other regulatory authorities. The company also appointed Mr. Nimmagadda Sreenivasa Rao as an Additional Director (Technical) for three years, pending member approval. For the year ended March 31, 2026, Imeds Global Private Limited reported revenue of ₹160.32 Lakhs and net worth of ₹2,182.83 Lakhs. Avantel Limited reported revenue of ₹22,135.23 Lakhs and net worth of ₹35,650.45 Lakhs.