Avance Technologies Ltd Board Meeting Approves Key Appointments and Mandates Postal Ballot for Member Ratification
The Board of Directors of Avance Technologies Ltd held a meeting on Friday, July 10, 2026, addressing several significant matters related to the company’s governance structure. The board considered various points that require approval from the members through a subsequent postal ballot and remote e-voting process.Key items presented for shareholder ratification included seeking member approval for M/s A Raghavendra Rao & Associates, Chartered Accountants, as the Statutory Auditors of the Company. Furthermore, the Board sought member approval for Mr Santosh Hambare (DIN:11523270) to serve as the Managing Director. The directors also reviewed and approved the regularization of the appointment of Mr Dipak Gaikwad (DIN: 11797117) as a NonExecutive Independent Director, pending member approval.
To manage the ratification process, M/s Sidhi Maheshwari & Associates, Practicing Company Secretaries, were appointed as the Scrutinizer for conducting the Postal Ballot in a fair and transparent manner.
The company has since launched the necessary processes for the postal ballot and remote e-voting. The cut-off date for e-voting is June 26, 2026. The period for remote e-voting was set to commence on Thursday, July 16, 2026, at 9:00 A.M. (IST) and conclude on Friday, August 14, 2026, at 5:00 P.M. (IST).
The timeline for the postal ballot process, including key dates for all appointments and voting periods, is outlined below:
| Sr. No. | Particulars | Date |
|---|---|---|
| 1. | Outcome of Board Meeting | Friday, July 10, 2026 |
| 2. | Date of appointment of scrutinizer | Friday, July 10, 2026 |
| 3. | Specified date for determining shareholders to whom the Postal Ballot Notice is to be sent | Friday, June 26, 2026 |
| 4. | Date of completion of dispatch of Postal Ballot Notice | Monday, July 13, 2026 |
| 5. | Date of commencement of E-voting & postal ballot forms | Thursday, July 16, 2026 |
| 6. | Last Date of E-voting & receipt of postal ballot forms | Friday, August 14, 2026 |
| 7. | Date on which the Resolution will be deemed to be passed | Friday, August 14, 2026 |
| 8. | Date of submission of report by the Scrutinizer | Tuesday, August 18, 2026 |
| 9. | Date of Declaration of Result by the Chairman | Tuesday, August 18, 2026 |
Stock Price Movement
Avance Technologies Ltd shares settled at ₹0.94 on Friday, finishing the trading day completely flat. The stock experienced movement throughout the session, trading between an intraday low of ₹0.94 and a high of ₹0.96.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.