Avantel Announces 36th AGM on June 24, 2026, Proposes Re.0.20 Dividend
Avantel Limited will hold its 36th AGM on June 24, 2026, via VC/OAVM. The company proposes a final dividend of Re.0.20 per equity share for FY 2025-26. Key agenda items include director appointments, auditor re-appointment, and an increase in borrowing limits to ₹350 Crore.
The AGM agenda includes several key corporate actions such as dividend declaration, director appointments, and a significant increase in borrowing limits, which could have a medium-term impact on the company's financial structure and governance.
The announcement is a routine corporate event (AGM notice) with standard agenda items like financial statement adoption, dividend proposal, and director appointments. There are no significantly positive or negative financial or operational updates.
Avantel Limited has announced its 36th Annual General Meeting (AGM) will be held on Wednesday, June 24, 2026, at 11:00 AM IST through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The company will consider and adopt the audited standalone and consolidated financial statements for the Financial Year ended March 31, 2026.
A final dividend of Re.0.20 per equity share of face value of ₹2/- each is proposed for the financial year ended March 31, 2026. The meeting will also address the re-appointment of Mrs. Abburi Sarada as a Director, the re-appointment of M/s. Grandhy & Co. as Statutory Auditors for a second term of 5 years, and the appointment of Dr. Tamilmani Kandasamy and Mr. Lakshminarasimha Acharyulu Muktevi as Independent Directors for a term of 5 years commencing April 26, 2026.
Further, the agenda includes increasing the company's borrowing limits to ₹350 Crore and creating charges on the company's properties for borrowings. The remuneration for the Cost Auditors for FY 2026-27 is also up for ratification. The Annual Report for FY 2025-26 is available on the company's website.
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Avantel Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Avantel Limited. Read the original for the full detail.