Avantel re-appoints auditor, adds two independent directors
AVANTEL · price
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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.
Continuity in audit and board strengthened with two experienced independent directors. Routine governance, no material impact expected.