Date and Type of Meeting

The proposed resolutions are to be passed by way of a Postal Ballot, with no physical meeting. The remote e-voting period is scheduled to commence at 09:00 A.M. (IST) on Saturday, July 18, 2026, and end at 05:00 P.M. (IST) on Sunday, August 16, 2026.

Summary of Proposed Resolutions and Implications

Resolution 1: Re-appointment of Mr. Abburi Siddhartha Sagar as Executive Director

  • This is a Special Resolution to re-appoint Mr. Abburi Siddhartha Sagar (DIN: 02312563) as an Executive Director (Strategy & Business Development) for a further period of five years, effective March 8, 2027.
  • His proposed remuneration is ₹55,00,000 per annum, plus allowances, perquisites, and retirement benefits.
  • He will also be entitled to a commission equivalent to 2% of the company's net profits.
  • The Board is authorized to revise his remuneration annually, with increments not exceeding 25% of the previous year's pay.

Resolution 2: Appointment of Mr. Peddi Bala Bhaskar Rao as Director (Operations)

  • This is a Special Resolution to appoint Mr. Peddi Bala Bhaskar Rao (DIN: 10338290), who was appointed as an Additional Director on July 11, 2026, as Director (Operations) for a period of three years.
  • His proposed remuneration is ₹55,00,000 per annum, plus allowances, perquisites, and retirement benefits.
  • The Board is authorized to revise his remuneration annually, with increments not exceeding 25% of the previous year's pay.

Resolution 3: Re-appointment of Mr. Vyasabhattu Ramchander as Independent Director

  • This is a Special Resolution to re-appoint Mr. Vyasabhattu Ramchander (DIN: 03400005) as an Independent Director for a second consecutive term of five years, commencing May 6, 2027.
  • A separate approval is sought for his continuation as he will attain the age of 75 during this term, as required by SEBI LODR Regulation 17(1A).
  • He will receive sitting fees for board and committee meetings and reimbursement of expenses, as per company policy.

Voting Process and Methods

The voting will be conducted solely through remote e-voting; no physical polling or proxy voting is allowed.

  • The company has engaged KFin Technologies Limited (KFintech) to facilitate the remote e-voting process.
  • The notice has been sent only electronically to members whose email addresses are registered with the company, Registrar and Share Transfer Agent (RTA), or depositories as of the cut-off date.

Cut-off Date and Entitlement

The cut-off date for determining members eligible to vote is Tuesday, July 14, 2026. Voting rights are based on the paid-up value of equity shares held as of this date.

Scrutinizer's Role

Mr. M. B. Suneel (Membership No. ACS 31197, CP No. 14449), Partner of M/s. P. S. Rao & Associates, Company Secretaries, has been appointed as the Scrutinizer to conduct the postal ballot process in a fair and transparent manner.

Declaration of Results

The results of the postal ballot will be declared on Monday, August 17, 2026, within 48 hours of the e-voting conclusion. The results, along with the Scrutinizer's report, will be submitted to the BSE and NSE and uploaded on the company's website (www.avantel.in) and KFintech's website (https://evoting.kfintech.com).

Compliance Statement

The notice confirms compliance with the Companies Act, 2013, SEBI LODR Regulations, 2015, and relevant circulars from the Ministry of Corporate Affairs, including General Circular No. 03/2025 dated September 22, 2025, which mandates electronic communication for such notices.

Additional Information

  • The explanatory statement provides detailed profiles, terms of appointment, and remuneration for each director.
  • Members holding physical shares are reminded to register their contact details as per SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/91.
  • The full notice is available on the websites of BSE (www.bseindia.com), NSE (www.nseindia.com), Avantel Limited (www.avantel.in), and KFintech (https://evoting.kfintech.com).