Avance Technologies Ltd

Dematerialisation processing and listing

• Dematerialisation requests received during the reporting quarter were processed and confirmed to depositories.
• Securities dematerialised have been listed on exchanges where the existing securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled; depository name updated as registered owner within timelines.

AGM Details

• Date and time: 29 Sep 2026, 10:00 IST; mode: physical; venue: Mumbai (Goregaon).

Resolutions

• Ordinary: Adopt Audited standalone and consolidated financial statements for FY 2025-26.
• Ordinary: Re-appointment of Deepak Mane as Director liable to retire by rotation.
• Ordinary: Appoint M/s A. Raghavendra Rao & Associates as Statutory Auditors for five years (2026–2031).

Voting Status

• Voting results to be declared later; Scrutinizer's report to exchanges and the website.

Avance Technologies Limited – Closure of Trading Window from 01 October 2026 till the expiry of 48 hours after the declaration of Unaudited Financial Results (Standalone & Consolidated) for the quarter and half year ending 30 September 2026.

E-voting cut-off for 42nd AGM

• Cut-off date for voting eligibility: 22 September 2026.
• Remote e-voting period: 26 September 2026, 9:00 to 28 September 2026, 17:00 IST.
• AGM date and time: 29 September 2026 at 10:00 IST.

Financial highlights

• Standalone revenue from operations: ₹10,108.23 Lakhs.
• Standalone total income: ₹11,489.13 Lakhs.
• Standalone EBITDA: ₹1,322.33 Lakhs.
• Standalone PAT: ₹1,259.04 Lakhs.
• Consolidated revenue from operations: ₹15,925.61 Lakhs.
• Consolidated PAT: ₹1,323.61 Lakhs.
• No dividend declared for FY2025-26.
• Standalone EPS: ₹0.06; Consolidated EPS: ₹0.0668.
• Capital structure unchanged: Authorized ₹200 Cr; issued ₹198.19 Cr.

Subsidiaries & governance

• Three wholly owned subsidiaries: Avance Ventures, Verticore Technologies, Avance Platforms.
• Avance Ventures is a material subsidiary per SEBI LODR.
• Secretarial audit of Avance Ventures found no qualifications.
• MD changes: Srikrishna Bhamidipati died 1 Jul 2025; Latesh Poojary appointed MD 2 Jul 2025.
• Santosh Hambare appointed MD & CFO on 30 Jun 2026; post-AGM approvals.
• Dipak Gaikwad appointed Independent Director on 30 Jun 2026.

Audit & compliance flags

• LRR submission gap: Dec 2025; ₹2,65,500 fine by BSE.
• Unaudited results submitted with LRR on 23 May 2026.
• Previous statutory auditor M/s Rishi Sekhri & Associates resigned; M/s A. Raghavendra Rao & Associates appointed.
• Audit opinions on Standalone and Consolidated are unqualified.
• Internal controls deemed adequate; no material weakness observed.

Board changes & governance

• Board size six as of 31 Mar 2026; MD, chair, three independents.
• Independent Directors meetings held; Board evaluated performance annually.
• Audit, Nomination & Remuneration, Stakeholders Relationship, and Risk Management committees in place.
• Independent Directors affirm their independence as per regulations.

Management discussion & outlook

• Indian economy grew around 7.7% in FY26; solid fundamentals.
• Technology sector to benefit from AI, cloud, cybersecurity, automation.
• Growth supported by GCCs, digital transformation, and enterprise AI adoption.
• Talent reskilling and regulatory compliance remain critical risks.

Shareholding & market data

• Dematerialised shares: 99.86% as of 31 Mar 2026.
• Listing on BSE; Scrip 512149; ISIN INE758A01064.
• Equity capital: ₹198.19 Crores; 198,19,17,430 shares.
• Major holders: Individuals ~93.05%; Bodies Corporate 3.31%; HUF 1.58%.
• AGM details: 29 Sep 2026; e-voting 26-28 Sep 2026.

AGM Details

• AGM date/time: 29 September 2026, 10:00 AM IST, physical meeting.
• Mode: Physical attendance.
• Venue: Event Banquet, Goregaon (West), Mumbai.
• Record date for voting: 22 September 2026.
• E-voting window: 26–28 September 2026.

Key Resolutions

• Adopt Standalone and Consolidated Financial Statements for FY2025-26.
• Re-appoint Deepak Mane as Director, retiring by rotation.
• Appoint M/s A. Raghavendra Rao & Associates as Statutory Auditors for five years; remuneration to be decided.

Directors & Auditors

• Deepak Mane to be re-appointed as Director, retiring by rotation.
• Statutory Auditor appointed for 5-year term.
• Remuneration for auditors to be mutually decided by the Board.

Voting Status

• Voting results not disclosed in this filing.
• E-voting period: 26–28 September 2026.
• Record date for voting: 22 September 2026.

Registered Office Change

• Previous registered office: 404, Corporate Annexe, Sonawala Road, Goregaon (East), Mumbai 400063.
• New registered office: 1502, Corporate Annexe, Sonawala Road, Goregaon (East), Mumbai 400063, Maharashtra, India.
• Within the same city/state; no change in jurisdiction.
• Board approved the shift of registered office.

Resolutions and outcomes

• Purpose: postal ballot for statutory auditors, MD, and independent director appointments.
• Item 1 (Ordinary): Appoint Statutory Auditors M/s A. Raghavendra Rao & Associates.
• Outcome: Approved; votes in favour 1,13,09,299; against 2,47,194.
• Item 2 (Special): Appoint Santosh Hambare as Managing Director.
• Outcome: Passed; votes in favour 1,72,86,978; against 2,49,515.
• Item 3 (Special): Appoint Dipak Gaikwad as Non-Executive Independent Director.
• Outcome: Passed; votes in favour 1,11,95,954; against 2,74,639.
• Record date: 26 June 2026; e-voting window: 1 July–14 Aug 2026.