Key Resolution Details
The Members of Avantel Limited passed a special resolution through postal ballot process concluded on October 22, 2026:
- Resolution: To consider and approve the alteration in the Objects Clause of the Memorandum of Association (MOA) of the Company
- Resolution Type: Special Resolution
- Promoter/Promoter Group Interest: Not interested in the resolution
- Result: Passed with requisite majority
Voting Process Details
- Remote e-voting period: Commenced September 23, 2026 (9:00 AM IST) and ended October 22, 2026 (5:00 PM IST)
- Record Date: September 18, 2026
- Total number of shareholders on record date: 194,086
- Scrutinizer: M B Suneel of P. S. RAO & ASSOCIATES (Membership Number: 31197)
- Scrutinizer Appointment Date: September 18, 2026
- Scrutinizer Report Date: October 23, 2026
- Voting Agency: KFin Technologies Limited
Voting Results Breakdown
Total Share Capital: 265,775,866 shares
Promoter and Promoter Group Voting:
- Shares held: 97,932,202
- Votes polled: 97,932,202 (100.00% of shares held)
- Votes in favor: 97,932,202 (100.00%)
- Votes against: 0 (0.00%)
Public Institutions Voting:
- Shares held: 4,031,410
- Votes polled: 863,882 (21.43% of shares held)
- Votes in favor: 863,882 (100.00%)
- Votes against: 0 (0.00%)
Public Non-Institutions Voting:
- Shares held: 163,812,254
- Votes polled: 11,345,822 (6.93% of shares held)
- Votes in favor: 11,325,832 (99.82%)
- Votes against: 19,990 (0.18%)
Overall Voting Summary:
- Total votes polled: 110,141,906 (41.44% of total share capital)
- Total valid votes in favor: 110,121,916 (99.98% of votes polled)
- Total votes against: 19,990 (0.02% of votes polled)
- Invalid votes: 49,443
Document Submission
- Submitted to BSE Limited and National Stock Exchange of India Limited
- Documents enclosed: Annexure-A (Voting Results) and Annexure-B (Scrutinizer Report)
- Documents also uploaded on company website (www.avantel.in) and e-voting website (https://evoting.kfintech.com)