Avantel has announced significant changes to its board of directors and committee structures following a recent meeting held on 26 April 2026. The board has appointed Dr. Tamilmani Kandasamy and Mr. Lakshminarasimha Acharyulu Muktevi as additional non-executive independent directors for a term of five years, effective from 26 April 2026 to 25 April 2031.
Dr. Tamilmani Kandasamy, a distinguished aerospace professional with over four decades of experience in defence research and development, has been appointed as an additional director. He has previously served as Director General (Aeronautics) at the Defence Research and Development Organisation (DRDO), Ministry of Defence, Government of India. Dr. Kandasamy has played a pivotal role in advancing India’s indigenous defence capabilities, leading major aerospace programs exceeding ₹10,000 crore. He holds a Ph.D. in Technology Dynamics and National Security and is a recipient of several prestigious awards, including the DRDO Technology Leadership Award.
Mr. Lakshminarasimha Acharyulu Muktevi has also been appointed as an additional director. Details about his professional background and contributions were not disclosed in the filing.
In addition to these appointments, Avantel‘s board has approved the reconstitution of several key committees. The Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee, and Corporate Social Responsibility Committee have all been restructured to align with the company’s strategic objectives.
Furthermore, Avantel has appointed M/s. Grandhy & Co. as statutory auditors for a term of five consecutive years, subject to member approval at the upcoming AGM. M/s. MPR & Associates have been appointed as cost auditors for the financial year ending 31 March 2027, and M/s. Ramesh & Co. have been appointed as internal auditors for the same period.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).