Avantel

RIGHTS ISSUE

Raising of funds by way of issue of equity shares of the Company of face value Rs.2/- (Rupee
Two Only) (‘Equity Shares’) each for an aggregate amount not exceeding Rs.49,70,00,000/-
(Rupees Forty Nine Crore Seventy Lakhs Only) on Right issue basis, on such terms and
conditions as may be decided by the Board of Directors of our Company to the eligible equity
shareholders of the Company, as on the record date (to be notified subsequently) subject to the
receipt of applicable regulatory, statutory approvals, in accordance with the provisions of the
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements)
Regulations, 2018, Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements), Regulations, 2015, and the Companies Act, 2013 and the rules made thereunder,
as amended from time to time, (‘Rights Issue’);
The detailed terms of Right issue including the procedure for applying in the Right issue will be
specified in the letter of offer which will be sent by the company to the eligible shareholders
holding equity shares of the Company as on the record date in due course.