Avantel Ltd Board Approves Q1 FY27 Unaudited Results

Avantel Ltd announced that its Board of Directors, in a meeting held on July 11, 2026, approved the un-audited standalone and consolidated financial results for the first quarter and three months ended June 30, 2026. The board also approved a revision in remuneration for Executive Director Mr. Abburi Siddhartha Sagar to ₹55 Lakhs per annum, effective July 11, 2026. Additionally, the re-appointment of Mr. Sagar as Executive Director for a further five-year term and the appointment of Mr. Peddi Bala Bhaskar Rao as Additional Director (Operations) for three years were approved, subject to shareholder approval via postal ballot. The re-appointment of Mr. Vyasabhattu Ramchander as Independent Director for a second five-year term was also approved, pending shareholder consent. The Audit Committee, Nomination and Remuneration Committee, and Stakeholders' Relationship Committee were reconstituted.