AVAvantel532406Postal ballot result

Shareholders approve addition of new business objects to the Memorandum of Association

Members have approved, with the requisite majority, an alteration of the Memorandum of Association.

By ScoutQuest · Fri 23 Oct 2026, 3:40 PM IST · 2 min read

Approval

Members have approved, with the requisite majority, an alteration of the Memorandum of Association.

Approval method

Postal Ballot by way of remote e-voting

New objects inserted

Additional objects have been inserted under the Main Objects Clause.

The company has informed the stock exchanges that its members have approved an alteration of the Memorandum of Association, the charter document that sets out what a company is allowed to do. The approval was given through a Postal Ballot by way of remote e-voting, with the requisite majority.

What changed

• Additional objects have been inserted under the Main Objects Clause of the Memorandum of Association.
• These added objects widen the defined scope of business the company may pursue.
• The company has stated that the voting results and the Scrutinizer's Report dated October 23, 2026 are being submitted separately.

The areas added

• Medical devices and healthcare: medical electronic equipment, diagnostic, imaging, monitoring, therapeutic, respiratory, life-support, surgical, wearable and implantable devices, in-vitro diagnostics, telemedicine, remote patient monitoring, hospitals, clinics and diagnostic centres, and life sciences research.
• Space and satellites: satellites, spacecraft, payloads, subsystems, launch vehicle systems, ground stations and antennas, mission control, satellite operations, telemetry, tracking and command, earth observation and remote sensing, and satellite-based communication.
• Energy: systems for generation, conversion, storage, transmission, distribution and supply across nuclear, solar, wind, hydro, thermal, hydrogen, fuel cells and bio-energy, including batteries, power electronics, microgrids, hybrid and off-grid power systems and small modular reactors.
• Manufacturing and engineering services: mechanical, electrical, electronic and composite parts, connectors, cable assemblies, moulds, dies and tooling, electronics manufacturing services, contract manufacturing, printed circuit board assembly, system integration, and testing, calibration and reliability laboratories.
• Microelectronics and radio frequency: transmit-receive modules, hybrid microcircuits, multi-chip modules, chip-on-board and bare-die assemblies, microwave and millimetre-wave components, sensors, and microelectronics packaging and screening facilities.
• Artificial intelligence and digital: AI, machine learning, generative and agentic AI, data analytics, Internet of Things, cloud and on-premise platforms, cybersecurity, blockchain and quantum computing, plus data centres and AI compute infrastructure.

What it means for investors

• A Memorandum of Association sets the outer boundary of a company's permitted activities. Adding objects allows the company to operate in these lines of business.
• These are enabling clauses. They set out what the company may do and are not, by themselves, announcements of orders, contracts, projects or capital spending.
• The added scope is broad, touching healthcare, space, energy, contract manufacturing, semiconductors and digital technology.
• Because the objects are worded widely, the practical focus of the company in these areas would be known only from future business disclosures.

Points to note

• The approval is described as having been given with the requisite majority through remote e-voting.
• The alteration relates to the Main Objects Clause of the Memorandum of Association.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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