Meeting 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 in compliance with:

  • Ministry of Corporate Affairs General Circular No. 03/2025 dated September 22, 2025
  • SEBI Circulars
  • Companies Act, 2013
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

The meeting commenced at 11:00 A.M. and concluded at 12:20 P.M. IST.

Attendance

Directors Present:

  • Mrs. Abburi Sarada (Whole Time Director & CFO)
  • Mr. Abburi Siddhartha Sagar (Whole Time Director - Strategy & Business Development)
  • Mr. Myneni Narayana Rao (Independent Director)
  • Mr. Vyasabhattu Ramchander (Independent Director)
  • Dr. Ajit T. Kalghatgi (Independent Director)
  • Ms. Harita Vasireddi (Independent Director)
  • Dr. Tamilmani Kandasamy (Independent Director)
  • Mr. M Lakshminarasimha Acharyulu (Independent Director)

Other Attendees:

  • Mr. P S Rao (Partner, M/s. P S Rao & Associates, Secretarial Auditors)
  • Mr. L Phanendra (Partner, M/s. Ramesh & Co, Internal Auditors)
  • Mr. D Munisekhar (Partner, M/s. MPR & Associates, Cost Auditors)
  • Mr. M B Suneel (Partner, M/s. P S Rao & Associates - Scrutinizer)
  • Mr. D Rajasekhara Reddy (Company Secretary & Compliance Officer)

Members Present: 133 members attended through video conference.

Meeting Proceedings

Dr. Abburi Vidyasagar chaired the meeting. The Annual Report had been circulated to members prior to the meeting. The notice convening the 36th AGM together with the Report of the Board of Directors and the Auditors' Report were taken as read.

The Chairman addressed members highlighting:

  • Business operations
  • Company achievements
  • Future prospects
  • Industry scenario
  • Future opportunities
  • Other developments

Remote e-voting was conducted from June 21, 2026 (10:00 A.M. IST) to June 23, 2026 (5:00 P.M. IST). Mr. M B Suneel was appointed as Scrutinizer to scrutinize the voting process.

Shareholders asked questions regarding company operations, future plans, growth prospects and other matters. The Chairman and other directors responded to these queries.

Resolutions Voted On

The following resolutions from the notice dated April 26, 2026, were put to vote:

Ordinary Business:

1. To receive, consider and adopt:

a) Audited Standalone Financial Statements for FY ended March 31, 2026, with Board of Directors Report and Auditors Report

b) Audited Consolidated Financial Statements for FY ended March 31, 2026, with Auditors Report

2. To declare a final dividend of ₹0.20 per equity share of face value ₹2 each for FY ended March 31, 2026

3. To reappoint Mrs. Abburi Sarada (DIN: 00026543) as Director who retires by rotation

4. To reappoint M/s. Grandhy & Co., Chartered Accountants, as Statutory Auditors

Special Business:

5. To appoint Dr. Tamilmani Kandasamy (DIN: 07617444) as Independent Director

6. To appoint Mr. Lakshminarasimha Acharyulu Muktevi (DIN: 02118771) as Independent Director

7. To increase borrowing limits under Section 180(1)(c) of Companies Act, 2013

8. To create charges on movable and immovable properties for borrowings under Section 180(1)(a) of Companies Act, 2013

9. To ratify remuneration payable to Cost Auditors for FY 2026-27

Additional Information

The live proceedings were webcast on the Kfintech platform. The results of e-voting along with the Scrutinizer's Report will be submitted to stock exchanges and placed on the company website.

Insta poll e-voting facility remained available for 15 minutes after meeting conclusion for members who had not voted earlier.