AS 9100D
ISO 9001:2015
AVL/SE/2025-26 June 23, 2025
To To
The Corporate Relations Department The Listing Department
BSE Limited National Stock Exchange of India Limited
Floor 25, P J Towers, Dalal Street, Exchange Plaza, Bandra-Kurla Complex,
Mumbai – 400 001, India. Bandra (East), Mumbai – 400 051, India.
Scrip Code: 532406 Symbol: AVANTEL
Dear Sir/Madam,
Sub: Avantel Limited - Proceedings of 35th Annual General Meeting of the Company held on
June 23, 2025 – Reg.
Ref: i) Regulation 30 read with Schedule III to the SEBI (LODR) Regulations, 2015
ii) ISIN: INE005B01027
This is to inform you that the 35th Annual General Meeting of Avantel Limited (“Company”)
was held on Monday, June 23, 2025 through Video Conferencing (VC)/ Other Audio-Visual Means
(OAVM), which is in compliance with the General Circulars issued by Ministry of Corporate Affairs
(collectively referred to as “MCA Circulars”) and SEBI Circulars including but not limited to
SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 3, 2024 (“SEBI Circulars”) issued by the
Securities and Exchange Board of India, and the relevant provisions of the Companies Act, 2013 and
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“SEBI Listing Regulations”).
The proceedings of 35th Annual General Meeting in terms of Regulation 30 of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 are enclosed hereto as Annexure-A.
This is for your information and records.
Thanking you,
Yours faithfully,
For Avantel Limited
RAJASEKHARA Digitally signed by
RAJASEKHARA REDDY DONDETI
REDDY DONDETI Date: 2025.06.23 13:59:16
+05'30'
D Rajasekhara Reddy
Company Secretary & Compliance Officer
Avantel Limited CIN - L72200AP1990PLC011334
Registered Office Corporate Office
Plot No. 47/P, APIIC Industrial Park Plot No. 68 & 69,4th Floor, Jubilee Heights www.avantel.in
Gambheeram (V), Anandapuram (M) Survey No's. 66 & 67, Jubilee Enclave
[email protected]Visakhapatnam - 531163 A.P. Madhapur, Hyderabad - 500 081. Telangana
Tel : +91-891-2850000 Tel : +91-40-6630 5000
Fax: +91-891-2850004 Fax : +91-40-6630 5004
AS 9100D
ISO 9001:2015
Annexure - A
PROCEEDINGS OF THE 35TH ANNUAL GENERAL MEETING OF AVANTEL LIMITED
HELD ON MONDAY, JUNE 23, 2025, AT 11:00 A.M. THROUGH VIDEO CONFERENCING
(VC)/ OTHER AUDIO-VISUAL MEANS (OAVM).
DIRECTORS PRESENT:
1. Dr. Abburi Vidyasagar - Chairman & Managing Director
2. Mrs. Abburi Sarada - Whole Time Director & CFO
3. Mr. Abburi Siddhartha Sagar - Whole Time Director
4. Mr. Myneni Narayana Rao - Independent Director
5. Mr. Vyasabhattu Ramchander - Independent Director
6. Dr. Ajit T. Kalghatgi - Independent Director
7. Ms. Harita Vasireddi - Independent Director
ALSO PRESENT:
1. Mr. Naresh Chandra Gelli - Partner, Grandhy & Co, Statutory Auditors
2. Mr. P S Rao - Partner, P S Rao & Associates, Secretarial Auditors
3. Mr. K Ramesh Babu - Partner, Ramesh & Co, Internal Auditors
4. Mr. D Munisekhar - Partner, MPR & Associates, Cost Auditors
5. Mr. M B Suneel - Practicing Company Secretary & Scrutinizer
6. Mr. D Rajasekhara Reddy - Company Secretary & Compliance Officer
MEMBERS PRESENT:
A total of 150 members were present in the video conference.
The meeting commenced at 11:00 A.M. (IST) and concluded at 12.40 P.M. (IST).
Company Secretary welcomed the Members, Board of Directors and Auditors of the Company, and
handed over the proceedings of the meeting to the Chairman of the Company.
Dr. Abburi Vidyasagar chaired the meeting and welcomed the members and their representatives
present. He then introduced the Directors, Statutory Auditor, Secretarial Auditor, Internal Auditor of
the Company present at the meeting. After ascertaining the presence of the requisite quorum, he
called the meeting in order and commenced the proceedings.
Further, he informed that the present AGM is being conducting through video conference mode
pursuant to the directions of the Ministry of Corporate affairs and Securities Exchange Board of
India. The live streaming of this meeting is also being webcasts on Kfintech platform.
RAJASEKHARA Digitally signed by
RAJASEKHARA REDDY
REDDY DONDETI
Date: 2025.06.23 14:00:16
DONDETI +05'30'
Avantel Limited CIN - L72200AP1990PLC011334
Registered Office Corporate Office
Plot No. 47/P, APIIC Industrial Park Plot No. 68 & 69,4th Floor, Jubilee Heights www.avantel.in
Gambheeram (V), Anandapuram (M) Survey No's. 66 & 67, Jubilee Enclave
[email protected]Visakhapatnam - 531163 A.P. Madhapur, Hyderabad - 500 081. Telangana
Tel : +91-891-2850000 Tel : +91-40-6630 5000
Fax: +91-891-2850004 Fax : +91-40-6630 5004
AS 9100D
ISO 9001:2015
The Chairman further informed that the Annual Report was already circulated to the members. With
the permission of members, the notice convening the 35th Annual General Meeting together with the
Report of the Board of Directors, along with the Auditors’ report were taken as read. He further
informed that the Statutory Registers are available for inspection by any member.
The Chairman addressed the members highlighting the business operations, achievements of the
Company, future prospects, industry scenario etc.,
The Company Secretary informed the members that pursuant to the provisions of Section 108 of the
Companies Act, 2013 read with the Companies (Management and Administration) Rules, 2014, as
amended, and Regulation 44 of the SEBI (LODR) Regulation, 2015, the Company has arranged for
e-voting facility to its members in respect of all the businesses to be transacted at the 35th AGM of
the Company. The e-voting commenced on Friday, June 20, 2025 (9:00 a.m. IST) and ends on
Sunday, June 22, 2025 (5:00 p.m. IST).
He further informed that Mr. M B Suneel, Practicing Company Secretary, was appointed as
scrutinizer to scrutinize the votes cast during remote e-voting process and e-voting during AGM in a
fair and transparent manner. The Company Secretary instructed the members, who have not cast their
vote through e-voting facility, to cast their votes in respect of all the resolutions proposed in the
notice during the AGM.
The Shareholders asked certain questions regarding the operations of the Company, future plans etc.,
The Chairman along with the other directors’ present responded to the queries from the members and
the discussions continued between the management and the members.
The shareholders were informed that the results of e-voting along with the Scrutinizer’s Report shall
be submitted to the Stock Exchange and the same shall be placed on the websites of the Company.
Then the meeting was concluded with a vote of thanks. The insta poll e-voting facility was continued
for the Members who were present in the Meeting and who did not cast their vote earlier for a time of
15 minutes from the conclusion of the meeting.
After Scrutiny of votes polled through e-voting at Annual General Meeting, Mr. M B Suneel,
Scrutinizer has submitted his report to the Chairman. The scrutinizers report was received and
accordingly, the Chairman has declared that all the following resolutions as set out in the Notice of
35th Annual General Meeting were passed with requisite majority:
Digitally signed by
RAJASEKHARA RAJASEKHARA
DONDETI
REDDY
REDDY DONDETI Date: 2025.06.23 14:00:30
+05'30'
Avantel Limited CIN - L72200AP1990PLC011334
Registered Office Corporate Office
Plot No. 47/P, APIIC Industrial Park Plot No. 68 & 69,4th Floor, Jubilee Heights www.avantel.in
Gambheeram (V), Anandapuram (M) Survey No's. 66 & 67, Jubilee Enclave
[email protected]Visakhapatnam - 531163 A.P. Madhapur, Hyderabad - 500 081. Telangana
Tel : +91-891-2850000 Tel : +91-40-6630 5000
Fax: +91-891-2850004 Fax : +91-40-6630 5004
AS 9100D
ISO 9001:2015
Resolution
Particulars
Number
Ordinary Business
To receive, consider and adopt:
a) the Audited Standalone Financial Statements of the Company for the Financial Year
ended March 31, 2025, together with the Report of the Board of Directors and
1. Auditors thereon; and
b) the Audited Consolidated Financial Statements of the Company for the Financial
Year ended March 31, 2025, together with the Report of Auditors thereon.
To declare final dividend of Re.0.20/- per Equity Share of face value of Rs.2/- each to
2.
the shareholders for the Financial Year ended March 31, 2025.
To appoint a director in place of Mr. Abburi Siddhartha Sagar (DIN: 02312563), who
3.
retires by rotation and being eligible, offers himself for re-appointment.
Special Business
To consider and approve the re-appointment of Dr. Abburi Vidyasagar (DIN:
4.
00026524) as the Managing Director of the Company.
To consider and approve the re-appointment of Smt. Abburi Sarada (DIN: 00026543) as
5.
the Whole-Time Director of the Company.
To consider and approve the appointment of Mrs. Mini Ipe (DIN: 07791184) as an
6.
Independent Director of the Company.
7. To approve the ‘Avantel Employees Stock Option Plan 2025’.
To consider and approve to extend 'Avantel Employees Stock Option Plan 2025’ to the
8.
employees of its Subsidiary Company(ies).
To approve grant of Employee Stock Options (ESOPs) equivalent exceeding 1% of the
9.
issued share capital of the Company.
To increase the borrowing limits of the Company under Section 180(1)(c) of the
10.
Companies Act, 2013.
To create charges on the movable and immovable properties of the Company, both
11. present and future, in respect to borrowings under Section 180 (1)(a) of the Companies
Act, 2013.
To appoint M/s. P.S Rao & Associates, Firm of Company Secretaries in Practice as
12. Secretarial Auditors for a term of up to 5 (Five) consecutive years, fix their
remuneration.
13. To ratify the remuneration payable to Cost Auditors for the financial year ending 2025-26.
This is for your information and records.
Thanking you,
Yours faithfully,
For Avantel Limited
RAJASEKHARA Digitally signed by
RAJASEKHARA REDDY DONDETI
REDDY DONDETI +05'30'
Date: 2025.06.23 14:00:48
D Rajasekhara Reddy
Company Secretary & Compliance Officer
Avantel Limited CIN - L72200AP1990PLC011334
Registered Office Corporate Office
Plot No. 47/P, APIIC Industrial Park Plot No. 68 & 69,4th Floor, Jubilee Heights www.avantel.in
Gambheeram (V), Anandapuram (M) Survey No's. 66 & 67, Jubilee Enclave
[email protected]Visakhapatnam - 531163 A.P. Madhapur, Hyderabad - 500 081. Telangana
Tel : +91-891-2850000 Tel : +91-40-6630 5000
Fax: +91-891-2850004 Fax : +91-40-6630 5004
