Event Details

The 36th Annual General Meeting of Avantel Limited was held on Wednesday, June 24, 2026, at 11:00 A.M. (IST) through Video Conferencing/Other Audio-Visual Means. All nine items of business contained in the notice were approved by members with requisite majority.

Shareholder Participation Details

  • Total shareholders as of record date (June 17, 2026): 194,240
  • Shareholders attended meeting through VC/OAVM: 133 (Promoters: 5, Public: 128)
  • Total shares outstanding: 265,710,850

Resolution-wise Voting Results

Resolution 1: Adoption of Financial Statements (Ordinary Resolution)

  • Total votes polled: 112,800,202 (42.4522% of outstanding shares)
  • Votes in favor: 112,798,780 (99.9987%)
  • Votes against: 1,422 (0.0013%)
  • Invalid votes: 820 from Public Non-Institutions

Resolution 2: Final Dividend Declaration (Ordinary Resolution)

  • Dividend: ₹0.20 per equity share of face value ₹2 each for FY2025-26
  • Total votes polled: 112,800,202 (42.4522%)
  • Votes in favor: 112,798,780 (99.9987%)
  • Votes against: 1,422 (0.0013%)
  • Invalid votes: 820 from Public Non-Institutions

Resolution 3: Re-appointment of Mrs. Abburi Sarada (DIN: 00026543) (Ordinary Resolution)

  • Promoter group interested: Yes
  • Total votes polled: 112,800,200 (42.4522%)
  • Votes in favor: 112,798,670 (99.9986%)
  • Votes against: 1,530 (0.0014%)
  • Invalid votes: 822 from Public Non-Institutions

Resolution 4: Re-appointment of Statutory Auditors (Ordinary Resolution)

  • Auditors: M/s. Grandhy & Co., Chartered Accountants
  • Total votes polled: 112,800,202 (42.4522%)
  • Votes in favor: 112,798,672 (99.9986%)
  • Votes against: 1,530 (0.0014%)
  • Invalid votes: 820 from Public Non-Institutions

Resolution 5: Appointment of Dr. Tamilmani Kandasamy (DIN: 07617444) as Independent Director (Special Resolution)

  • Total votes polled: 112,800,202 (42.4522%)
  • Votes in favor: 112,798,782 (99.9987%)
  • Votes against: 1,420 (0.0013%)
  • Invalid votes: 820 from Public Non-Institutions

Resolution 6: Appointment of Mr. Lakshminarasimha Acharyulu Muktevi (DIN: 02118771) as Independent Director (Special Resolution)

  • Total votes polled: 112,800,202 (42.4522%)
  • Votes in favor: 112,798,782 (99.9987%)
  • Votes against: 1,420 (0.0013%)
  • Invalid votes: 820 from Public Non-Institutions

Resolution 7: Increase Borrowing Limits under Section 180(1)(c) (Special Resolution)

  • Total votes polled: 112,790,717 (42.4487%)
  • Votes in favor: 112,126,817 (99.4114%)
  • Votes against: 663,898 (0.5886%)
  • Invalid votes: 10,307 from Public Non-Institutions

Resolution 8: Create Charges on Properties under Section 180(1)(a) (Special Resolution)

  • Total votes polled: 112,790,717 (42.4487%)
  • Votes in favor: 112,126,929 (99.4115%)
  • Votes against: 663,788 (0.5885%)
  • Invalid votes: 10,305 from Public Non-Institutions

Resolution 9: Ratify Cost Auditors Remuneration for FY2026-27 (Ordinary Resolution)

  • Total votes polled: 112,800,202 (42.4522%)
  • Votes in favor: 112,798,782 (99.9987%)
  • Votes against: 1,420 (0.0013%)
  • Invalid votes: 820 from Public Non-Institutions

Scrutinizer Report Details

  • Scrutinizer: M B Suneel, Practicing Company Secretary (CP No. 14449)
  • Remote e-voting period: June 21, 2026 (10:00 hrs) to June 23, 2026 (17:00 hrs)
  • Service Provider: Kfin Technologies Limited
  • Cut-off date for voting eligibility: June 17, 2026