Avantel seeks shareholder approval for director re-appointments and appointments via postal ballot
Avantel Limited is seeking shareholder approval via postal ballot for key director appointments. This includes re-appointing Mr. Abburi Siddhartha Sagar as Executive Director and Mr. Vyasabhattu Ramchander as Independent Director. Additionally, Mr. Peddi Bala Bhaskar Rao is proposed for appointment as Director (Operations). Remote e-voting is open from July 18 to August 16, 2026.
The announcement pertains to internal corporate governance and director appointments, which are procedural in nature. These are unlikely to have a significant immediate impact on the company's operations, financial performance, or stock price.
The announcement is a routine corporate action regarding director appointments and re-appointments, which are standard procedures for companies. It does not contain any information that would significantly impact the company's financial performance or market position in the short term.
Avantel Limited has issued a notice of postal ballot, seeking shareholder approval for the re-appointment of Mr. Abburi Siddhartha Sagar as Executive Director and Mr. Vyasabhattu Ramchander as Independent Director, as well as the appointment of Mr. Peddi Bala Bhaskar Rao as Director (Operations).
The re-appointment of Mr. Abburi Siddhartha Sagar as Executive Director (Strategy & Business Development) is proposed for a further period of five years, effective from March 8, 2027, with a remuneration of ₹55,00,000 per annum, plus a commission of 2% of net profits.
Mr. Peddi Bala Bhaskar Rao, who was appointed as an Additional Director on July 11, 2026, is proposed for appointment as Director (Operations) for a period of three years from July 11, 2026, with a remuneration of ₹55,00,000 per annum.
Mr. Vyasabhattu Ramchander is proposed for re-appointment as an Independent Director for a second consecutive term of five years, commencing from May 6, 2027, to May 5, 2032. His re-appointment also seeks approval for his continuation as an Independent Director beyond the age of seventy-five years.
The remote e-voting period will commence on Saturday, July 18, 2026, at 9:00 AM IST and conclude on Sunday, August 16, 2026, at 5:00 PM IST. The results of the postal ballot are expected to be declared within 48 hours of the conclusion of the remote e-voting process.
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Avantel Limited filed this with the NSE as a statutory disclosure, categorised under board meeting. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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