Avantel Limited has informed the Exchange regarding Appointment of Mr Lakshminarasimha Acharyulu Muktevi as Non- Executive Independent Director of the company w.e.f. April 26, 2026.

Avantel Limited's board, at its meeting on April 26, 2026, approved the appointment of two new Non-Executive Independent Directors for 5-year terms (till April 25, 2031): Dr. Tamilmani Kandasamy, former Director General (Aeronautics) at DRDO with 40+ years in defence R&D and aerospace programs, and Mr. Lakshminarasimha Acharyulu Muktevi, a corporate management professional with 40+ years across infrastructure, manufacturing, financial services, and semiconductors. Both directors hold no shares and are unrelated to existing directors or KMPs. The board also reconstituted four committees — Audit, Nomination & Remuneration, Stakeholders Relationship, and CSR. M/s. Grandhy & Co. was reappointed as Statutory Auditor for a second 5-year term, while M/s. MPR & Associates and M/s. Ramesh & Co. were appointed as Cost Auditor and Internal Auditor, respectively, for FY ending March 31, 2027.