Avantel Limited — Important, 27-03-2025: General Updates

Avantel Limited's Board of Directors has confirmed key management changes and strategic initiatives. Dr. Abburi Vidyasagar has been re-appointed as Managing Director for three years starting April 1, 2025, while Smt. Abburi Sarada will continue as Whole-Time Director for three years from May 8, 2025. Additionally, Mrs. Mini Ipe has been appointed as an Independent Director for five years. The board also approved the "Avantel Employees Stock Option Plan 2025," which aims to enhance employee engagement by granting options that could cover up to 45 lakh shares. This strategy suggests a positive outlook for staff motivation and retention, crucial for long-term growth.