Advance Multitech Ltd

AGM Details

• Date: 28 September 2026; time 4:00–4:25 PM; mode: physical AGM at factory.
• Record date: 21 September 2026; total shareholders on record: 3,114.
• Shareholders present: promoters 7, public 10; meeting attendance details.

Resolutions and outcomes

• Adopted audited financial statements for year ended March 31, 2026.
• Appointed Statutory Auditors: M/s Rajesh Shah & Associates.
• Issued up to 100 million FCWs to non-promoter investor at Rs 40 each.
• Increased authorized share capital and altered Capital Clause in MOA.
• Increased borrowing limits under Section 180(1)(c).
• Borrow money from directors up to Rs 50 crores.
• Altered Objects Clause in MOA.
• Adopted amended MOA.
• Appointed Managing Director and Chairman; remuneration specified.
• Appointed Director: Rajneel Gautambhai Jain.
• Appointed Director: Siddharth Arvindbhai Jain.
• Appointed Executive Independent Director: Alpesh Rameshbhai Paliwal.
• Appointed Non-Executive Independent Director: Ankush Madan Pandey.
• Appointed Non-Executive Independent Director: Priyanka Kirtikumar Maryania.
• Adopted new Articles of Association.

Preferential issue details

• Purpose: Capital raise via preferential issue of fully convertible warrants.
• Security type: Fully convertible warrants issued on a preferential basis.
• Number of securities: Up to 1,00,00,000 warrants.
• Aggregate amount: Rs 40 crore assuming full subscription.
• Issue price: Rs 40 per warrant; warrants convert into equity shares.
• Allottees: Non-promoter investor.
• Approvals: Special resolution approved by shareholders; authorized capital increased and MOA altered.
• Capital changes: Increased authorised share capital; alteration of capital clause in MOA.
• MOA/AOA: Adoption of amended MOA and new AOA.
• Date of AGM: September 28, 2026.

Price movement clarification

• Company states all material disclosures under Regulation 30 have been made.
• Share price movement is market-driven; management not connected to price changes.
• Company adheres to Listing Regulations and applicable laws.

Advance Multitech Limited: Trading window closed from 1 October 2026 till the end of 48 hours after the declaration of unaudited financial results for the quarter ended 30 September 2026.

Key preferential issue highlights

• Purpose: fund raise via warrants and enhance capital structure.
• Securities: up to 4,00,00,000 warrants convertible into equity shares.
• Total funds: Rs 40 crore from warrant issue.
• Issue price and payment: Rs 10 per warrant; 25% upfront, 75% on exercise.
• Tenure and conversion: 18 months; 1 share per warrant; unexercised warrants lapse.
• Allottees: 120 investors; includes promoter family and other investors.
• Names disclosed include Rahul A. Jain, Siddharth Jain, Rajneel Jain, Arvindkumar Jain, Kokilaben Sanghvi.
• Post-issue holdings: data provided for select allottees in Annexure B.
• MOA/AOA changes: authorised capital increased and new objects; new MOA and AOA adopted.
• Authorised capital: Rs 45 crore; main object clause altered.
• Approvals: shareholder approval required for capital increase and warrants; other approvals as needed.
• Internal audit: appointed M/s Shailesh Bharwad & Associates for FY 2026-27.
• Statutory auditors: Rajesh Shah & Associates proposed, subject to shareholder approval.
• Governance changes: new MD/Chairman and multiple Independent Directors; CFO appointment noted.
• Monitoring agency: none appointed.
• Cancellation/variation: none reported.

Meeting Details

• Meeting scheduled for 1 September 2026 at 5:00 PM at the Registered Office.

Key Agenda Items

• Fundraising via issue of equity shares or convertible instruments; approvals required.
• Increase borrowing limit to Rs 100 Crores.
• Borrowing from directors up to Rs 50 Crores for five years.
• Appointment of Rajneel Jain (AD), Alpesh Paliwal (AD Non-Executive Independent), Priyanka Marvania (AD).
• Appoint Rahul Ashokbhai Jain as Additional Director, Managing Director & Chairman.
• Appoint Siddharth Arvindbhai Jain as Executive Director.
• Change Internal Auditor to M/s Shailesh Bharwad & Associates for FY 2026-27.
• Appoint M/s Rajesh Shah & Associates as Auditors; AGM actions: fix date/time, notice, Scrutinizer.

Other Notes

• Noting resignations of MD Arvind Goenka and multiple Independent Directors.

Resignations and governance impact

• Arvind Vishwanath Goenka resigns as Managing Director, 01 Sep 2026, due to mutual exit and other projects.
• Hiral Rajeshkumar Shah resigns as Additional Independent Director, 01 Sep 2026, due to mutual exit and other projects.
• Ravindrakumar Laljibhai Mehta resigns as Additional Independent Director, 01 Sep 2026, due to mutual exit and other projects.
• Govind Ganpatlal Shah resigns as Additional Director, 01 Sep 2026, due to mutual exit and other projects.
• Minaxi Govind Shah resigns as Additional Director, 01 Sep 2026, due to mutual exit and other projects.
• Directors confirm there are no material reasons beyond those disclosed.
• Board impact: MD and four directors resign; no listed committee memberships disclosed.
• Hallmark Textiles Limited lists Hiral Shah and Ravindrakumar Mehta as directors.
• No other listed entity directorships disclosed for Govind Shah or Minaxi Shah.
• All resignations take effect on 01 September 2026.