Avantel Limited has informed the Exchange regarding Resignation of Mrs. Mini Ipe as Non- Executive Independent Director of the company w.e.f. February 21, 2026.
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Avantel Limited has informed the stock exchanges that Mrs. Mini Ipe (DIN: 07791184) has resigned as Non-Executive Independent Director of the company with effect from February 21, 2026. She cited preoccupation and certain unexpected personal commitments as the reason for stepping down. Mrs. Mini Ipe has confirmed that there are no other material reasons for her resignation and that she has no material concerns or issues with respect to the management or affairs of the company. She continues to serve on the boards of Axis Bank Limited (Non-Executive Nominee Director), PTC India Limited, and PTC India Financial Services Limited as an Independent Director.
This is a routine, single independent director resignation due to personal reasons with no governance red flags raised. Investors are unlikely to see a material impact on the stock price, though the company will need to fill the vacant independent director position in due course to comply with board composition requirements under SEBI norms.