Avantel Founder Dr. Abburi Vidyasagar Donates 60 Lakh Equity Shares to Lakshmee Foundation for Healthcare Initiatives

Avantel Limited has announced that its Founder & Chairman and Managing Director, Dr. Abburi Vidyasagar, has donated equity shares of the company to Lakshmee Foundation, a charitable trust focused on healthcare and social welfare initiatives. The development was disclosed via a press release issued by Lakshmee Foundation and submitted to the stock exchanges on May 5, 2026.

Philanthropic Share Donation to Lakshmee Foundation

Dr. Abburi Vidyasagar, who also serves as a Trustee of Lakshmee Foundation, donated 60,00,000 (Sixty Lakh) equity shares of Avantel Limited to the Foundation on May 4, 2026. The contribution is intended to support and expand various healthcare-related philanthropic activities, particularly those aimed at improving access to quality healthcare for underserved communities.

Key details of the donation are summarised below:

Parameter: Details Donor: Dr. Abburi Vidyasagar Recipient: Lakshmee Foundation Shares Donated: 60,00,000 (Sixty Lakh) equity shares of Avantel Limited Date of Donation: May 4, 2026 Purpose: Healthcare philanthropic initiatives Hospital Supported: Lakshmee Foundation Hospital, Vijayawada – 520008, Andhra Pradesh

Utilisation of Donated Shares

Lakshmee Foundation, described as a non-profit organisation committed to social welfare with a particular focus on the healthcare sector, will utilise the donated shares in a structured and strategic manner. The proceeds are to be directed towards supporting healthcare initiatives, including the operations of Lakshmee Foundation Hospital, located at Sri Vinayaka Complex, 54-15-5, Ring Road, NH-16, Vijayawada – 520008, Andhra Pradesh.

About Lakshmee Foundation

Lakshmee Foundation was instituted in the year 2010 with the mission to "Serve the Needy" for the larger good of society. The Foundation was established in memory of Late Smt. Abburi Lakshmeekantham and carries out philanthropic activities across multiple domains:

Health — healthcare access for the underprivileged

Education — support for underprivileged communities

Women Welfare — initiatives supporting women

Orphan and Old Age Care — support for orphans and elderly individuals

Distress Relief — assistance to people under distress

The Foundation is guided by its Trustees — Dr. Abburi Vidyasagar, Mrs. Abburi Sarada, Mr. Abburi Siddhartha Sagar, Ms. Abburi Sailaja, Mr. Nimmagadda Sreenivasa Rao, and Mr. Myneni Sampat Kumar. Its activities are concentrated in the Andhra Pradesh and Telangana regions, and its motto is "A little bit for yourself and everything for others."

This initiative aligns with the Foundation's stated objective of creating a meaningful and lasting impact in improving healthcare accessibility for underserved populations.

Avantel Limited has published a mandatory notice regarding the transfer of unclaimed dividends and equity shares to the Investor Education and Protection Fund (IEPF) on April 27, 2026. The company submitted newspaper clippings of this notice to both BSE Limited and National Stock Exchange of India Limited as part of its regulatory compliance requirements.

Regulatory Compliance and Publication Details

The notice was published in two newspapers on April 27, 2026 - Business Standard (English) and Prajasakti (Telugu). Company Secretary and Compliance Officer D Rajasekhara Reddy signed the communication to stock exchanges, confirming the publication of the IEPF transfer notice.

Parameter: Details Publication Date: April 27, 2026 Newspapers: Business Standard (English), Prajasakti (Telugu) Stock Exchanges Notified: BSE Limited, National Stock Exchange of India Limited Company Secretary: D Rajasekhara Reddy

IEPF Transfer Requirements

Pursuant to the provisions of the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, the Final Dividend for the Financial Year 2018-19 has remained unclaimed for seven consecutive years and is now due to be transferred to IEPF. The corresponding equity shares in respect of which dividend has remained unclaimed for seven consecutive years shall also be transferred to the IEPF following prescribed procedures.

Impact on Shareholders

The company has issued individual notices to concerned shareholders, with details available on the company's website at https://www.avantel-in/investors/ . Shareholders should note the following implications:

For Physical Holdings:

Duplicate share certificates will be issued for transfer to IEPF

Original certificates shall stand cancelled

For Demat Holdings:

Demat accounts will be debited for shares liable for transfer to IEPF

Critical Deadline and Recovery Process

Shareholders must claim their unclaimed dividend on or before August 9, 2026. After this deadline, the company will transfer both the dividend and corresponding shares to IEPF without further notice. No claim shall lie against the company in respect of such transferred amounts or shares.

However, shareholders may subsequently claim the transferred amounts and shares from the IEPF Authority by filing Form IEPF-5 online and submitting required documents to the company's nodal officer.

Service Provider: Details Registrar and Share Transfer Agent: KFin Technologies Limited Address: Selenium Tower B, Plot No. 31-32, Financial District, Nanakramguda, Serilingampally Mandal, Hyderabad - 500032 Contact: Toll Free: 1800-3094-001 Email: einward.ris@kfintech.com

This regulatory action demonstrates Avantel Limited's compliance with IEPF regulations while providing shareholders with clear guidance on claiming procedures and deadlines.

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