Shareholders of Avantel Limited have approved three special resolutions through a postal ballot process that concluded on August 16, 2026. The approvals solidify the company's leadership structure with the re-appointment of an executive director, the induction of a new operations director, and the continued tenure of an independent director.

The resolutions were passed with overwhelming support from the promoter group, which held 98,432,202 shares and voted in favor of all three items. Public institutional and non-institutional shareholders also largely supported the proposals, with approval rates exceeding 99% across the board.

Director Appointments Approved

The postal ballot sought shareholder approval for the following appointments:

• Abburi Siddhartha Sagar (DIN: 02312563): Re-appointed as Executive Director (Strategy & Business Development) for a further term of five consecutive years, commencing March 8, 2027, and ending March 7, 2032. He is liable to retire by rotation.
• Peddi Bala Bhaskar Rao (DIN: 10338290): Appointed as Director (Operations) for a term of three consecutive years, commencing July 11, 2026, and ending July 10, 2029. He is liable to retire by rotation.
• Vyasabhattu Ramchander (DIN: 03400005): Re-appointed as Independent Director for a second consecutive term of five years, commencing May 6, 2027, and ending May 5, 2032. He is not liable to retire by rotation. The re-appointment was approved notwithstanding that he will attain the age of seventy-five during the term.

Voting Results Breakdown

The voting data reveals high engagement from the promoter group, while public shareholder participation remained modest relative to total holdings. The table below details the voting outcomes for each resolution.

Promoter shareholders cast all their votes in favor of every resolution. Among public non-institutional shareholders, who hold 161,625,736 shares, approximately 6.8% participated in the voting. Institutional public shareholders, holding 5,652,912 shares, showed higher participation at 18.13%.

What the Numbers Show

The voting pattern indicates consolidated control by the promoter group, which holds nearly 37% of the total equity (98,432,202 shares out of 265,710,850). The near-unanimous support from both promoters and participating public shareholders suggests no significant dissent regarding the proposed board changes. The low opposition rates—ranging from 0.01% to 0.02%—reflect broad alignment with the management’s nomination slate.

Procedural Compliance

The remote e-voting period commenced on July 18, 2026, at 9:00 am and ended on August 16, 2026, at 5:00 pm. The record date for determining voting entitlement was July 14, 2026. M B Suneel of P. S. Rao & Associates served as the scrutinizer for the process, certifying the results pursuant to Sections 108 and 110 of the Companies Act, 2013 and Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Avantel Limited has secured a purchase order worth ₹20.81 crore from Larsen & Toubro Limited for services relating to SATCOM products. The order, inclusive of applicable taxes, is expected to be executed by July 2027. This development strengthens the company's order book within the domestic market.

The intimation regarding the receipt of the purchase order was made on July 17, 2026. The company disclosed the details in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with a SEBI circular dated July 13, 2023.

The order pertains to the service of SATCOM products and has been awarded by a domestic entity. Avantel confirmed that there are no interests held by the promoter, promoter group, or group companies in the entity awarding the order. Furthermore, the transaction does not fall under related party transactions.