Avantel Limited — Others, 23-06-2025: Shareholders meeting

Avantel Limited has announced the successful passing of all 13 resolutions at its 35th Annual General Meeting held via video conferencing. Key approvals include adoption of the financial results for the year, declaration of a final dividend of Re.0.20 per equity share, re-appointment of directors including the Managing Director and Whole-Time Director, appointment of an Independent Director, and approval of the Avantel Employees Stock Option Plan 2025 along with its extension to subsidiary employees. Additionally, shareholders approved increasing the company’s borrowing limits, creation of charges on company assets, appointment of secretarial auditors, and ratification of Cost Auditors’ remuneration. All resolutions passed with overwhelmingly high voting support from promoters and public shareholders.