StockWatch
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Telecom -  Equipment & Accessories
Management Change17 Aug 2026, 05:10 pm

Avantel Ltd Members Approve Director Re-appointments

AI Summary

Avantel Ltd announced that its members have approved the re-appointment of Mr. Abburi Siddhartha Sagar as Executive Director (Strategy & Business Development) for a five-year term from March 8, 2027, to March 7, 2032. Additionally, Mr. Peddi Bala Bhaskar Rao has been appointed as Director (Operations) for a three-year term from July 11, 2026, to July 10, 2029. The members also approved the re-appointment of Mr. Vyasabhattu Ramchander as an Independent Director for a second five-year term from May 6, 2027, to May 5, 2032. All appointments were approved via postal ballot and remote e-voting on August 16, 2026. The company also confirmed that the voting results and scrutineer's report are being submitted separately.

Key Highlights

  • Members approved re-appointment of Mr. Abburi Siddhartha Sagar as Executive Director.
  • Mr. Peddi Bala Bhaskar Rao appointed as Director (Operations).
  • Independent Director Mr. Vyasabhattu Ramchander re-appointed for a second term.
  • Approvals secured through postal ballot and remote e-voting.
  • All directors confirmed not debarred by any regulatory authority.