Avantel Limited has scheduled its 36th Annual General Meeting for June 24, 2026, to seek shareholder approval to increase the company's borrowing limits to ₹350 crore and appoint two independent directors to the board. The meeting, to be held via video conferencing, will also consider the declaration of a final dividend of Re.0.20 per equity share for the financial year ended March 31, 2026. The notice for this meeting was published in newspapers, Financial Express and Prajasakti, on May 31, 2026.

The board has recommended the appointment of Dr. Tamilmani Kandasamy and Mr. Lakshminarasimha Acharyulu Muktevi as independent directors for a term of five years commencing from April 26, 2026. Shareholders will also vote on the re-appointment of M/s. Grandhy & Co., Chartered Accountants as statutory auditors for a second term of five years and the ratification of remuneration for cost auditors M/s. MPR & Associates for FY27.

In a special resolution, Avantel Limited proposes to increase its aggregate borrowing limits from ₹200 crore to ₹350 crore. The company stated that the enhanced financial flexibility is required to support business expansion and project development opportunities. Shareholders will also consider a resolution to authorize the board to create charges on movable and immovable properties to secure these borrowings.

The record date for determining shareholder eligibility for the dividend is June 12, 2026. Remote e-voting will commence on June 21, 2026, and conclude on June 23, 2026. The cut-off date for determining eligibility for e-voting is June 17, 2026. The company has appointed Mr. M. B. Suneel, Practicing Company Secretary, as the Scrutinizer for the voting process.

The notice confirmed that the company has transferred 4,58,400 equity shares to the Investor Education and Protection Fund (IEPF) during the financial year ended March 31, 2026, as the dividends on these shares remained unclaimed for seven consecutive years or more.

Key AGM Agenda

Avantel Limited has submitted its Business Responsibility and Sustainability Report for FY 2025-26 to BSE Limited and National Stock Exchange of India Limited. The filing, made on May 30, 2026, complies with Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report outlines the company's environmental, social, and governance (ESG) performance, including specific initiatives to reduce carbon footprint and enhance operational efficiency.

The company reported that it commissioned a 224 kVA solar power system at its E-City facility in Telangana and a 25 kVA solar power plant at its facility in Andhra Pradesh during the financial year. These initiatives are part of the company's strategy to transition towards renewable energy sources and reduce dependency on non-renewable power. Additionally, Avantel has implemented a Zero Liquid Discharge (ZLD) mechanism at its manufacturing facility, utilizing a Sewage Treatment Plant to treat wastewater for reuse in gardening.

Operational and Financial Metrics

Avantel's operations are primarily focused on the manufacturing of strategic equipment, which accounted for 100% of its turnover. The company serves clients such as the Indian Defence Forces, DRDO, ISRO, and various Defence Public Sector Undertakings. Exports contributed 6.48% to the total turnover. The report disclosed that the company's paid-up capital stands at Rs.53,14,21,700.

Workforce Statistics

The company employed a total of 576 employees and 256 workers as of March 31, 2026. Women comprised 13.02% of the total workforce and 28.57% of the Board of Directors. The report indicated that no differently abled employees or workers were on the rolls. The turnover rate for permanent employees was 10.34% in FY 2025-26, compared to 7.34% in the previous year.

Governance and Compliance

The Board of Directors has constituted a Risk Management Committee to review sustainability-related matters. Dr. Abburi Vidyasagar, Chairman & Managing Director, is identified as the highest authority responsible for the implementation and oversight of Business Responsibility policies. The company confirmed that it has not incurred any fines, penalties, or punitive actions from regulators during the financial year.

Environmental Performance

Total energy consumption increased to 28,93,125 kWh in FY 2025-26 from 20,95,540 kWh in the previous year, attributed to the expansion of operations at Unit 2. Water withdrawal totaled 21,572 kilolitres, up from 7,500 kilolitres in FY 2024-25. The company reported nil Scope 1 and Scope 2 greenhouse gas emissions. Total waste generated stood at 61.84 metric tonnes, a significant increase from 0.27 metric tonnes in the prior year, primarily due to construction activities and improved waste tracking.