Avantel appoints Mr. Peddi Bala Bhaskar Rao as Director (Operations)

Avantel Ltd has appointed Mr. Peddi Bala Bhaskar Rao as Director (Operations) for a term of three years effective July 11, 2026, subject to shareholder approval. The Board of Directors also approved the re-appointment of Mr. Abburi Siddhartha Sagar as Executive Director (Strategy & Business Development) and Mr. Vyasabhattu Ramchander as Independent Director. These decisions were taken during a board meeting held on July 11, 2026.

Mr. Peddi Bala Bhaskar Rao, currently Vice President – Marketing & Customer Support, brings over 30 years of experience in RF System Design and Electronic Warfare. His appointment as an Additional Director is for a term ending July 10, 2029. Mr. Rao holds 1,41,965 equity shares, representing 0.05% of the company's share capital.

Mr. Abburi Siddhartha Sagar has been re-appointed for a further term of five years commencing March 8, 2027, and ending March 7, 2032. He holds 2,25,15,377 equity shares, or 8.47% of the company. Mr. Sagar is the son of Dr. Abburi Vidyasagar, Chairman & Managing Director, and Mrs. Abburi Sarada, Whole-Time Director & Chief Financial Officer.

Mr. Vyasabhattu Ramchander has been re-appointed as an Independent Director for a second consecutive term of five years from May 6, 2027, to May 5, 2032. His re-appointment is subject to a Special Resolution via postal ballot. Mr. Ramchander does not hold any equity shares in the company.

Consequently, the Board reconstituted the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee with immediate effect. Mr. Vyasabhattu Ramchander will serve as Chairman of the Audit Committee, while Smt. Harita Vasireddi will chair the Nomination and Remuneration Committee.

Director Appointments and Terms

Director	Designation	Term Start	Term End	Shareholding
Mr. Peddi Bala Bhaskar Rao	Director (Operations)	July 11, 2026	July 10, 2029	1,41,965 (0.05%)
Mr. Abburi Siddhartha Sagar	Executive Director (Strategy & Business Development)	March 8, 2027	March 7, 2032	2,25,15,377 (8.47%)
Mr. Vyasabhattu Ramchander	Independent Director	May 6, 2027	May 5, 2032	Nil

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.21%	+0.01%	+7.27%	+15.20%	+11.09%	-7.22%

Avantel has secured a firm purchase order worth ₹83.80 crores from Zetwerk Manufacturing Businesses Limited for the supply of satellite communication equipment. The order, inclusive of applicable taxes, is pursuant to a rate contract awarded earlier and is scheduled for execution by March 2027, reinforcing the company's position in the specialized communication systems segment.

Order Details

The key parameters of the order are outlined below:

Parameter	Details
Order Value	₹83.80 crores (Incl. Taxes)
Client	Zetwerk Manufacturing Businesses Limited
Product/Service	Satellite Communication Equipment's
Nature	Manufacturing & AMC
Completion Timeline	March 2027
Warranty	One (1) Year Comprehensive Onsite Warranty

Contract Highlights

The order encompasses the supply of satellite communication equipment to a domestic entity, with execution expected to be completed by March 2027. As part of the contractual obligations, Avantel will provide a one-year comprehensive onsite warranty upon delivery. The company confirmed that the transaction does not involve any related party interests and is conducted at arm's length.