Announced Thu, 16 Jul · 19:30 IST
Postal Ballot: Director appointments and re-appointments seek member approval
Board & Shareholder Meetings View source PDF
AVANTEL · price
▲ 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
-0.7%1-day move
₹173.24
prior close
₹172.91
base price
After-mkt
timing
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-1.5-1.5-0.7-1.0-0.7-1.1-5.0-5.1-5.7—————
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AI summary
Avantel issued a Postal Ballot notice with 3 special resolutions for remote e-voting from July 18 to August 16, 2026. They seek to re-appoint Mr. Abburi Siddhartha Sagar as Executive Director for 5 years at Rs.55 lakh annually plus 2 percent net profit commission, appoint Mr. Peddi Bala Bhaskar Rao as Director (Operations) for 3 years at Rs.55 lakh annually, and re-appoint Mr. Vyasabhattu Ramchander as Independent Director for a second 5-year term.
Likely market impact
Routine governance. No direct financial impact. Mr. Sagar's 2 percent commission on net profits aligns his pay with company performance.