Avantel Director Nimmagadda Sreenivasa Rao appointed
Avantel (AVANTEL) said Nimmagadda Sreenivasa Rao, Director, has been appointed. The company is valued at about ₹3,629 crore.
What happened
In a filing with the BSE on 26 October 2026 at 03:19 PM, Avantel (AVANTEL) said that Nimmagadda Sreenivasa Rao, Director, has been appointed.
From the filing: "SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, is enclosed as Annexure 1. 2. the appointment of Mr."
Company snapshot
Avantel is a small-cap company, with a market value of about ₹3,629 crore.
The stock last traded at ₹136.6, against a 52-week range of ₹117.1–₹197.8 (30.9% below the high).
Before this filing the shares had moved −6.6% over the month and −17.3% over three months. Average daily turnover over the last 20 sessions was about ₹14.59 crore.
Promoters held 37.04% at the end of Q1 FY27. Foreign institutions owned 1.53% and domestic institutions 1.14%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 52 | 3.2 | 0.12 |
| Q2 FY26 | 55 | 4.3 | 0.15 |
| Q3 FY26 | 52 | 2.7 | 0.1 |
| Q4 FY26 | 64 | 4.8 | 0.17 |
| Q1 FY27 | 70 | 5.4 | 0.2 |
What history shows
This is not the company's first management change disclosure: BCEIE has 4 earlier filings of this kind on record since May 2026.
Market-wide, 3,997 management change filings with an impact score of 50 or more saw an average next-day move of −0.1%, with 44% rising.
Past reactions describe what happened before; they are not a forecast.
What to watch
- The appointment of a successor and any change in strategy or guidance.
- 26 October 2026: Board meeting — Financial Results.
In the news
Recent coverage elsewhere (links open the original publisher):
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.