Avantel MD, chairman, board of directors and AGM
NSE: AVANTELBSE: 532406Aerospace & DefenseSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹141.95.
- Next results date: the board meets on 26 Oct 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹3,630 Cr849th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 30 Sep 2026
- 211.3
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 4 May 2026
- 10.7
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.15%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 30 Sep 2026
- 6.0%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 30 Sep 2026
- 8.6%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 4 May 2026
- 0.10
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 16,56,13135.4% delivered
Avantel board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorABBURI VIDYASAGAR
9 directors5 independent4 executive
- ABBURI VIDYASAGAR · Chairperson and managing directorExecutive · joined Apr 2007 · reappointed Mar 2025 · 1 listed board
- ABBURI SARADAExecutive · joined May 2014 · reappointed Mar 2025 · 1 listed board
- ABBURI SIDDHARTHA SAGARExecutive · joined Mar 2021 · reappointed Jul 2026 · 1 listed board · 1 committee seat
- PEDDI BALA BHASKAR RAOExecutive · joined Jul 2026 · reappointed Jul 2026 · 1 listed board
- VYASABHATTU RAMCHANDERIndependent · joined May 2022 · reappointed Jul 2026 · 50 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 2 as chair
- AJIT TAVANAPPA KALGHATGIIndependent · joined Mar 2024 · reappointed Mar 2024 · 28 months as independent · 1 listed board · 1 as independent · 2 committee seats
- HARITA VASIREDDIIndependent · joined Mar 2024 · reappointed Mar 2024 · 28 months as independent · 2 listed boards · 1 as independent · 1 committee seat
- TAMILMANI KANDASAMYIndependent · joined Apr 2026 · reappointed Apr 2026 · 6 months as independent · 1 listed board · 1 as independent
- LAKSHMINARASIMHAACHARYULU MUKTEVIIndependent · joined Apr 2026 · reappointed Apr 2026 · 6 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
2 directors who left
- MYNENI NARAYANA RAO, left 25 Jun 2026: Tenure Completion
- MINI IPE, left 21 Feb 2026: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 18 Sep 20269 of 9 present5 independent · 68 days in between
- 11 Jul 20268 of 8 present5 independent · 75 days in between
- 26 Apr 20267 of 7 present4 independent
Audit Committee
Chair VYASABHATTU RAMCHANDER
AJIT TAVANAPPA KALGHATGI, LAKSHMINARASIMHAACHARYULU MUKTEVI
- 18 Sep 20263 of 3 present3 independent · 68 days in between
- 11 Jul 20263 of 3 present3 independent · 75 days in between
- 26 Apr 20263 of 3 present3 independent
Nomination and remuneration committee
Chair HARITA VASIREDDI
VYASABHATTU RAMCHANDER, AJIT TAVANAPPA KALGHATGI, TAMILMANI KANDASAMY
- 11 Jul 20264 of 4 present4 independent · 75 days in between
- 26 Apr 20264 of 4 present4 independent
Stakeholders Relationship Committee
Chair LAKSHMINARASIMHAACHARYULU MUKTEVI
HARITA VASIREDDI, ABBURI SIDDHARTHA SAGAR
No meeting listed in the filing.
Risk Management Committee
Chair ABBURI SIDDHARTHA SAGAR
PEDDI BALA BHASKAR RAO, VYASABHATTU RAMCHANDER, AJIT TAVANAPPA KALGHATGI, HARITA VASIREDDI, NIMMAGADDA SRINIVAS RAO, PEDDI SRINIVASA RAO
- 11 Jul 20267 of 7 present3 independent · 75 days in between
Corporate Social Responsibility Committee
Chair VYASABHATTU RAMCHANDER
AJIT TAVANAPPA KALGHATGI, ABBURI SARADA, TAMILMANI KANDASAMY
- 26 Apr 20263 of 3 present2 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- Grandhy & Co., Chartered AccountantsPeer-review certificate valid to Dec 2026
1 earlier auditor
- Grandhi & CoNamed in the filing for the quarter to Mar 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Avantel AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Avantel dividend history
Postal ballot, 16 Aug 2026
1,98,544 shareholders on the register on 14 Jul 2026; votes counted by M B SUNEEL / P. S. RAO & ASSOCIATES.The company's voting result (opens in a new tab)
- To consider and approve the re-appointment of Mr. Abburi Siddhartha Sagar (DIN: 02312563) as an Executive Director of the Company.SpecialPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.65% · other public 0.13%
Turnout: all 41.57% · promoters 100.00% · institutions 18.13% · other public 6.81%
- To consider and approve the appointment of Mr. Peddi Bala Bhaskar Rao (DIN: 10338290) as Director (Operations) of the Company.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.12%
Turnout: all 41.57% · promoters 100.00% · institutions 18.13% · other public 6.80%
- To consider and approve the re-appointment of Mr. Vyasabhattu Ramchander (DIN: 03400005) as an Independent Director of the Company.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.13%
Turnout: all 41.57% · promoters 100.00% · institutions 18.13% · other public 6.81%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 24 Jun 2026, 9 resolutions
1,94,240 shareholders on the register on 17 Jun 2026; present: 5 promoters and 128 others; votes counted by MB SUNEEL / P.S. RAO & ASSOCIATES.The company's voting result (opens in a new tab)
To receive, consider and adopt: a) the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon; and b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Report of the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 42.45% · promoters 100.00% · institutions 13.81% · other public 8.37%
- To declare a final dividend of Re.0.20/- per equity share of face value of Rs. 2/- each to the shareholders for the financial year ended March 31, 2026.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 42.45% · promoters 100.00% · institutions 13.81% · other public 8.37%
- To appoint a Director in place of Mrs. Abburi Sarada (DIN: 00026543), who retires by rotation and being eligible, offers her candidature for re-appointment.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 42.45% · promoters 100.00% · institutions 13.81% · other public 8.37%
- To consider and approve the re-appointment of M/s. Grandhy & Co., Chartered Accountants as the Statutory Auditors of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 42.45% · promoters 100.00% · institutions 13.81% · other public 8.37%
- To consider and approve the appointment of Dr. Tamilmani Kandasamy (DIN: 07617444) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 42.45% · promoters 100.00% · institutions 13.81% · other public 8.37%
- To consider and approve the appointment of Mr. Lakshminarasimha Acharyulu Muktevi (DIN: 02118771) as an Independent Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 42.45% · promoters 100.00% · institutions 13.81% · other public 8.37%
- To increase the borrowing limits of the Company under Section 180(1)(c) of the Companies Act, 2013.Special99.41% for0.59% against
Against: promoters 0.00% · institutions 70.24% · other public 0.01%
Turnout: all 42.45% · promoters 100.00% · institutions 13.81% · other public 8.36%
- To create charges on the movable and immovable properties of the Company, both present and future, in respect of borrowings under Section 180(1)(a) of the Companies Act, 2013.Special99.41% for0.59% against
Against: promoters 0.00% · institutions 70.24% · other public 0.01%
Turnout: all 42.45% · promoters 100.00% · institutions 13.81% · other public 8.36%
- To ratify the remuneration payable to Cost Auditors for the financial year 2026-27.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 42.45% · promoters 100.00% · institutions 13.81% · other public 8.37%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 23 Jun 2025, 13 resolutions
2,25,222 shareholders on the register on 12 Jun 2025; present: 5 promoters and 145 others; votes counted by MB SUNEEL / P.S. RAO & ASSOCIATES.The company's voting result (opens in a new tab)
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 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 thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 41.88% · promoters 100.00% · institutions 12.60% · other public 7.45%
- To declare final dividend of Re.0.20/- per Equity Share of face value of Rs.2/- each to the shareholders for the Financial Year ended March 31, 2025.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 41.88% · promoters 100.00% · institutions 12.60% · other public 7.45%
- To appoint a director in place of Mr. Abburi Siddhartha Sagar (DIN: 02312563), who retires by rotation and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 41.88% · promoters 100.00% · institutions 12.60% · other public 7.45%
- To consider and approve the re-appointment of Dr. Abburi Vidyasagar (DIN: 00026524) as the Managing Director of the Company.SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 41.88% · promoters 100.00% · institutions 12.60% · other public 7.45%
- To consider and approve the re-appointment of Smt. Abburi Sarada (DIN: 00026543) as the Whole-Time Director of the CompanySpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 41.88% · promoters 100.00% · institutions 12.60% · other public 7.45%
- To consider and approve the appointment of Mrs. Mini Ipe (DIN: 07791184) as an Independent Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 41.88% · promoters 100.00% · institutions 12.60% · other public 7.45%
- To approve the ‘Avantel Employees Stock Option Plan 2025.Special99.81% for0.19% against
Against: promoters 0.00% · institutions 76.32% · other public 0.03%
Turnout: all 41.88% · promoters 100.00% · institutions 12.60% · other public 7.45%
- To consider and approve to extend 'Avantel Employees Stock Option Plan 2025’ to the employees of its Subsidiary Company(ies).Special99.81% for0.19% against
Against: promoters 0.00% · institutions 76.32% · other public 0.03%
Turnout: all 41.88% · promoters 100.00% · institutions 12.60% · other public 7.45%
- To approve grant of Employee Stock Options (ESOPs) equivalent exceeding 1% of the issued share capital of the Company.Special99.81% for0.19% against
Against: promoters 0.00% · institutions 76.32% · other public 0.04%
Turnout: all 41.88% · promoters 100.00% · institutions 12.60% · other public 7.45%
- To increase the borrowing limits of the Company under Section 180(1)(c) of the Companies Act, 2013.Special99.94% for0.06% against
Against: promoters 0.00% · institutions 23.68% · other public 0.03%
Turnout: all 41.88% · promoters 100.00% · institutions 12.60% · other public 7.45%
- To create charges on the movable and immovable properties of the Company, both present and future, in respect to borrowings under Section 180 (1)(a) of the Companies Act, 2013.Special99.94% for0.06% against
Against: promoters 0.00% · institutions 23.68% · other public 0.04%
Turnout: all 41.88% · promoters 100.00% · institutions 12.60% · other public 7.45%
- To appoint M/s. P.S Rao & Associates, Firm of Company Secretaries in Practice as Secretarial Auditors for a term of up to 5 (Five) consecutive years, fix their remuneration.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 41.88% · promoters 100.00% · institutions 12.60% · other public 7.45%
- To ratify the remuneration payable to Cost Auditors for the financial year ending 2025-26.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 41.88% · promoters 100.00% · institutions 12.60% · other public 7.45%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2026. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far. A statement's amounts are left out where the raise it states and its own uses differ by fifty times or more, a figure typed at the wrong scale.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Rights IssuesMay 2025, checked by CARE Ratings Limited | – | Funding the Capital Expenditure towards establishment of new manufacturing facility for Design, Development & Manufacturing of Electronics, Antennas & Connectors for Commercial, Defence & Aerospace applications at Survey No. 243 in Kondaparva Village, Visannapeta Mandal, NTR District - 521213, Andhra Pradesh, India. | – | – | No |
| Rights IssuesMay 2025, checked by CARE Ratings Limited | – | Funding the Capital Expenditure towards establishment of GSaaS (Ground Station as a Service) infrastructure for offering GSaaS services at our facility situated at Plot No: S-119 (M), Sy. No: 49, E-City, Raviryala (V), Maheswaram (M), Rangareddy (Dt), Hyderabad – 501510, Telangana, India. | – | – | No |
| Rights IssuesMay 2025, checked by CARE Ratings Limited | – | General Corporate Purpose | – | – | No |
| Rights IssuesMay 2025, checked by CARE Ratings Limited | – | Issue related expenses | – | – | No |