AS9100C

avantel

150 9001:2008

connect create conserve

To

Date: 05.11.2016

The Corporate Relations Department,

BSE Limited, Rotunga Building,

Place: Hyderabad

P.J. Towers, Dalai Street,

Mumbai-400001.

Dear Sir/Madam,

Sub: Outcome of the Board Meeting held on 05.11.2016.

Ref: BSE Scrip Code: 532406, Regulation 30, read with Schedule III & Regulation
33 of the SEBI (LODR) Regulations, 2015.

With reference to the captioned subject, this is to bring to your kind notice that the Board
of Directors of the Company at its just concluded meeting, had inter-alia transacted the following
businesses:

1. Approved the unaudited financial results for the Second quarter and Half - yearly ended 30lh

September, 2016, as recommended by the audit committee and reviewed by the statutory
auditors of the Company.
2.

Re-constituted the composition of the members of the Audit Committee of the Board of

Directors of the company by appointing a new member, Shri. Myneni Narayana Rao,
Independent Director of the Company in place of the existing member, Shri Raghu Prasad
Pidikiti, Non-Executive Director. The following is the composition of the Audit Committee
henceforth:

Shri N. Naveen - Chairman

Shri Y. Kishore - Member

Shri M. Narayana Rao - Member

Shri. EBV Ramana Gupta - Member

Avantel Limited
Registered Office
Plot No : 47/P, APMC Industrial Park

Gambheeram (V), Anandapuram (M)

Visakhapatnam 531163. A.P.
Tel : +91-891-6698000
Fax : +91-891-6698004

CIN - L72200AP1990PLC011334

Corporate Office
Plot No. 16, Sector-Ill, HUDA Techno Enclave
Opp. K. Raheja IT Park, Madhapur
Hyderabad - 500 081. India
Tel : +91-40-6630 5000
Fax : +91-40-6630 5004

www.avantel.in

info@avantel.in

05^1 l^lnHihJiHiil Eg3

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Chartered Accountants

P. B. No. 2102, Flat # 302, Kala Mansion,

Sarojini Devi Road, Secunderabad - 500 003
E-mail: ramanathamandrao@gmail.com
Phone: 27814147, 27849305, Fax:27840307

Limited Review Report

The Board of Directors

M/s.AVANTEL LIMITED

Plot No. 16, Sector-III,

HUDA Techno Enclave,
Madapur,
HYDERABAD - 500 081.

We have reviewed the accompanying statement of unaudited financial results of M/s AVANTEL

LIMITED, for the Quarter ended 30M September, 2016 and year to date for the period from 1st
April, 2016 to 30

September, 2016. This statement is the responsibility of the Company's

Management and has been approved by the Board of Directors/Committee of Board of Directors. Our
responsibility is to issue a report on these financial statements based on our review.
We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410,
'Review of Interim Financial Information Performed by the Independent Auditor of the Entity'

issued by the Institute of Chartered Accountants of India. This standard requires that we plan and

perform the review to obtain moderate assurance as to whether the financial statements are free of
material misstatement. A review is limited primarily to inquiries of company personnel and
analytical procedures applied to financial data and thus provide less assurance than an audit. We
have not performed an audit and accordingly, we do not express an audit opinion.
Based on our review conducted as above, nothing has come to our attention that causes us to

believe that the accompanying statement of unaudited financial results prepared in accordance with
applicable accounting standards and other organized accounting practices and policies has not disclosed
the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or thatit
contains any material misstatement.

For RAMANATHAM & RAO

FRN: 2934S
Chartered Accountants

(K SREENIVASAN)
Partner

ICAI Membership No. 206421

Place: Hyderabad

Date: 5th November, 2016