Avantel strengthens board independence and overhauls audit framework

Avantel Limited ( (IN:AVANTEL) ) has issued an update.

Avantel Limited’s board has appointed Dr. Tamilmani Kandasamy and Mr. Lakshminarasimha Acharyulu Muktevi as additional non-executive independent directors for five-year terms starting April 26, 2026, reinforcing independent oversight at the board level. The company has also reconstituted core board committees, including audit and remuneration panels, in a move that may refine governance structures and align them with evolving regulatory expectations.

In parallel, Avantel has reshaped its audit and assurance ecosystem by naming Grandhy & Co. as statutory auditor for a proposed five-year term, and appointing MPR & Associates as cost auditor and Ramesh & Co. as internal auditor for the financial year ending March 31, 2027. These moves collectively signal a strengthened compliance and control framework, which could enhance financial transparency and risk management for investors and other stakeholders.

More about Avantel Limited

Avantel Limited is an Indian technology and engineering company with operations in Andhra Pradesh and Telangana, holding AS 9100D and ISO 9001:2015 certifications that indicate a focus on aerospace, defense, or mission-critical communications. The company runs multiple units and a corporate office in Hyderabad and Visakhapatnam, suggesting a diversified manufacturing and services footprint across key industrial hubs.

Average Trading Volume: 143,725

Technical Sentiment Signal: Strong Buy

Current Market Cap: 41.07B INR

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