Avantel Ltd

1. Approved for Sub-division/split of existing Equity Shares of the Company from l (One) Equity Share havingface value of Rs.10/- (Rupees Ten only) each fully paid-up into 5 (Five) Equity Shares having face valueof Rs.2/- (Rupees Two only) each fully paid-up subject to the approval of Equity Shareholders of theCompany through Postal Ballot. The Record Date for sub-division/split of existing Equity Shares shall bedecided after taking the aforesaid approval of the Equity Shareholders of the Company.2. Approved for Alteration of the Capital Clause (Clause V) of the Memorandum of Association subject to the approvalof Equity Shareholders through Postal Ballot. The Meeting of the Board of Directors held today commenced at 3.00 p.m. and concluded at 5.25 p.m. This is for your information and necessary records.