Avantel Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on Jun 23, 2025

Avantel Limited held its 35th Annual General Meeting on June 23, 2025, via video conferencing, with 150 members participating. The meeting ran from 11:00 AM to 12:40 PM and was chaired by Dr. Abburi Vidyasagar. All 13 resolutions on the agenda were passed with the requisite majority, including adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025. Shareholders approved a final dividend of Re. 0.20 per equity share (on face value of Rs. 2) and cleared the Avantel Employees Stock Option Plan 2025, including extending it to subsidiary employees and permitting ESOP grants exceeding 1% of issued capital. Other key approvals included re-appointments of the Managing Director and Whole-Time Director, appointment of a new Independent Director (Mrs. Mini Ipe), an increase in the company's borrowing limits under Section 180(1)(c), and the appointment of P.S Rao & Associates as Secretarial Auditors for a five-year term.