Avantel Limited at its board meeting recommended dividend of INR 2 per share on the face value of INR 10 per share. The dividend if approved by the shareholders shall be paid to the shareholders appearing in the register of members as on May 7, 2019.

The company also announced the resignation of Subramanaiya Balakrishnan as the non executive director of the company with effect from April 01, 2019. Also accepted the resignation of M Ravindra as the company secretary and the compliance officer of the company with effect from May 7, 2019 and appointed Mrs. Abburi Sarada as compliance officer of the company.