AVANTELNSEAvantel LimitedMediumNeutral
Announced Wed, 24 Jun · 20:58 IST

Avantel re-appoints auditor, adds two independent directors

Management Changes View source PDF

AVANTEL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+0.4%1-day move
₹170.00
prior close
₹171.60
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.6-1.8-1.6-1.9+0.4+5.6+5.6+6.0+4.7+4.9-0.1-3.0
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AI summary

At its 36th AGM on June 24, 2026, Avantel Limited shareholders approved three items. Re-appointment of M/s. Grandhy & Co., Chartered Accountants as statutory auditors for a second 5-year term, until the 41st AGM covering FY2030-31. The firm is peer-reviewed, established in 1976 with five decades of experience. Also, appointment of Dr. Tamilmani Kandasamy, former DRDO Director General (Aeronautics), as Independent Director for 5 years. And appointment of Mr. Lakshminarasimha Acharyulu Muktevi, a corporate management veteran, as Independent Director for the same 5-year period.

Likely market impact

Continuity in audit and board strengthened with two experienced independent directors. Routine governance, no material impact expected.