Avantel Limited — Others, 31-05-2025: Shareholders meeting

Avantel Limited has announced a board meeting to present the financial results for the quarter and half-year. The company will hold its 35th Annual General Meeting via video conferencing to approve audited financial statements for FY 2024-25, declare a final dividend of Re.0.20 per share, and approve appointments and re-appointments of key directors, including Managing Director Dr. Abburi Vidyasagar and Whole-Time Director Smt. Abburi Sarada. The board plans to adopt the Avantel Employees Stock Option Plan 2025, offering up to 45 lakh stock options (about 1.84% of equity) to incentivize employees. Borrowing limits will increase to Rs.200 Cr to support expansion, with related security charges authorized. M/s. P.S. Rao & Associates has been appointed as Secretarial Auditors for five years, and cost auditor remuneration for FY 2025-26 is fixed at Rs.1.5 lakh. Mrs. Mini Ipe is proposed as an Independent Director for five years, reflecting a focus on strengthening the leadership team and driving growth.