Board Meeting18 Sept 2026, 03:25 pm
Avantel Ltd Board Approves MOA Alteration and Merger Scheme
AI Summary
Avantel Limited's Board of Directors, in a meeting held on September 18, 2026, approved the alteration of the Memorandum of Association (MOA) by inserting additional objects, subject to shareholder approval via postal ballot. Additionally, the Board considered and approved the scheme for the merger of its wholly-owned subsidiary, Imeds Global Private Limited, into Avantel Limited, in accordance with the Companies Act, 2013. The notice for the postal ballot seeking shareholder consent for the MOA alteration was also approved.
Key Highlights
- Board approved alteration of Memorandum of Association.
- Merger of wholly-owned subsidiary Imeds Global Private Limited approved.
- Shareholder approval to be sought via postal ballot for MOA changes.
- Merger to proceed under Companies Act, 2013 provisions.
Price Impact
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