Avantel Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on Jun 24, 2026
AVANTEL · price
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Avantel Limited has called its 36th Annual General Meeting on June 24, 2026, at 11:00 AM IST via Video Conferencing. The meeting will consider adoption of audited financial statements for FY 2025-26, declaration of final dividend of Rs. 0.20 per equity share (face value Rs. 2), and re-appointment of Mrs. Abburi Sarada as director. Special business includes appointment of two new Independent Directors (Dr. Tamilmani Kandasamy and Mr. Lakshminarasimha Acharyulu Muktevi) for 5-year terms, increase in borrowing limits to Rs. 350 Crore, and creation of charges on company properties for securing borrowings. The statutory auditors M/s. Grandhy & Co. are also proposed for re-appointment for another 5-year term. Cost auditors' remuneration of Rs. 1,50,000 is also proposed for ratification.
Declaration of dividend signals positive cash flow and profitability. Increase in borrowing limits to Rs. 350 Crore suggests potential expansion plans or working capital needs. Two new independent director appointments strengthen board governance.