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Avantel Limited ( (IN:AVANTEL) ) has issued an announcement.
Avantel Limited’s board has strengthened its governance framework by appointing two additional non-executive independent directors, Dr. Tamilmani Kandasamy and Mr. Lakshminarasimha Acharyulu Muktevi, each for a five-year term beginning April 26, 2026. The board also reconstituted key committees, including the audit, nomination and remuneration, stakeholders relationship, and corporate social responsibility panels, signaling a broader refresh of oversight structures.
In parallel, the company moved to reinforce its assurance and compliance functions by appointing M/s. Grandhy & Co. as statutory auditors for a proposed five-year term, subject to shareholder approval at the next annual general meeting. Avantel further named M/s. MPR & Associates as cost auditor and M/s. Ramesh & Co. as internal auditor for the financial year ending March 31, 2027, a package of changes likely aimed at tightening financial, cost, and internal controls to support its growth and regulatory obligations.
More about Avantel Limited
Avantel Limited is an Indian technology company operating from Andhra Pradesh and Telangana, with multiple units and corporate offices in Visakhapatnam and Hyderabad. The company is certified under AS 9100D and ISO 9001:2015, indicating a focus on quality management standards, likely serving aerospace, defense, or high-reliability communication markets.
Average Trading Volume: 143,725
Technical Sentiment Signal: Strong Buy
Current Market Cap: 41.07B INR
Find detailed analytics on AVANTEL stock on TipRanks’ Stock Analysis page.