Avantel Limited Reports Completion of Independent Director Tenure
Avantel Limited has announced that Mr. Myneni Narayana Rao, an Independent Director, has concluded his tenure with the company. The director ceased his role effective from the close of business hours on June 24, 2026, upon completing his second consecutive term as an Independent Director.The Board of Directors of Avantel Limited expressed deep appreciation for Mr. Myneni Narayana Rao’s valuable guidance, support, and contributions during his tenure with the organization.
Mr. Rao's cessation from the post was due to the completion of his mandated term and was not a result of resignation or any other circumstance.
Key details regarding the completion of the Independent Director's tenure are summarized below:
| Particulars | Details |
|---|---|
| Name of the Director | Mr. Myneni Narayana Rao (DIN: 00577494) |
| Reason for Change | Completion of his second consecutive term as an Independent Director |
| Date of Cessation | June 24, 2026 |
AVANTEL Stock Price Movement
Shares of Avantel Limited today slipped by 0.98% to settle at ₹170.12, as the company concluded trading for the day. The stock closed after trading within a range of ₹169.61 and ₹176.34, with 1.28 million shares transacted during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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