The company said its board will consider bonus issue of shares on 6 May 2022.
The board will also consider Q4 March 2022 results and recommend dividend for the financial year 2021-22.Avantel specializes in integrating technologies related to wireless front-end, satellite communication, embedded systems, signal processing, network management and software development.
The company's net profit rose 13.08% to Rs 5.62 crore on 16.41% rise in net sales to Rs 29.09 crore in Q3 FY22 over Q3 FY21.
Shares of Avantel rose 2.44% to settle at Rs 1182.65 on Monday.
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