Avantel Limited has informed the Exchange regarding Appointment of Mr Dr. Tamilmani Kandasamy (DIN: 07617444) as Independent Director of the company w.e.f. April 26, 2026.
AVANTEL · price
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At a board meeting on April 26, 2026, Avantel Limited appointed two new Independent Directors: Dr. Tamilmani Kandasamy (former DRDO Director General for Aeronautics) and Mr. Lakshminarasimha Acharyulu Muktevi (experienced corporate management professional), both for a 5-year term ending April 25, 2031. The board also reappointed M/s. Grandhy & Co. as Statutory Auditors for a second term of five consecutive years, subject to shareholder approval. Additionally, M/s. MPR & Associates was appointed as Cost Auditor and M/s. Ramesh & Co. as Internal Auditor for FY ending March 31, 2027. Four key board committees (Audit, Nomination & Remuneration, Stakeholders Relationship, and CSR) were reconstituted to include the new directors.
The appointment of two experienced independent directors, including a former DRDO aerospace chief, strengthens governance and brings deep defence-sector expertise that could benefit Avantel's defence and aerospace business. The continuity with the existing statutory auditor reappointment suggests no governance concerns, and the broad committee overhaul is a routine compliance update with no immediate stock price impact expected.