Avantel Board Approves FY26 Audited Results, Recommends 10% Dividend, Appoints Directors
Avantel Limited approved audited financial results for FY26 and recommended a final dividend of Re. 0.20 per share. Dr. K. Tamilmani and Mr. L. A. Muktevi were appointed as Additional Directors. Borrowing limits were proposed to be enhanced to ₹350 crore. The 36th AGM is scheduled for June 24, 2026.
The approval of financial results, dividend recommendation, appointment of directors, and proposed increase in borrowing limits are material events that can significantly impact investor sentiment and the company's future operations.
The company reported audited financial results, recommended a dividend, appointed new directors, and proposed an increase in borrowing limits, all of which are positive developments.
Avantel Limited's Board of Directors, in a meeting held on April 26, 2026, has approved the Audited Financial Results (Standalone and Consolidated) for the quarter and financial year ended March 31, 2026. The board also took on record the Statutory Auditors' Report, which carries an unmodified opinion.
Furthermore, the board has recommended a final dividend of Re. 0.20 per equity share (10%) for the financial year 2025-26, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The dividend, if approved, will be paid to shareholders on record as of June 12, 2026.
In significant governance changes, Dr. K. Tamilmani and Mr. Lakshminarasimha Acharyulu Muktevi have been appointed as Additional Directors (Non-Executive – Independent) for a term of five years, effective April 26, 2026, subject to shareholder approval. The board also approved the reconstitution of various committees, including the Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee, and CSR Committee.
The company's borrowing limits are proposed to be enhanced from ₹200 crore to ₹350 crore, subject to shareholder approval. The board also recommended the appointment of M/s. Grandhy & Co. as Statutory Auditors for five years, M/s. MPR & Associates as Cost Auditor for FY27, and M/s. Ramesh & Co. as Internal Auditor for FY27.
The 36th Annual General Meeting (AGM) is scheduled for Wednesday, June 24, 2026, to be conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting will also include the approval of the Board's Report and related matters, including the e-voting schedule. The board meeting commenced at 11:30 AM and concluded at 12:50 PM.
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Avantel Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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