Advance Metering Technology Ltd submitted its Annual Report for FY 2025-26, encompassing standalone and consolidated financial statements, corporate governance disclosures, directors' report, management discussion and analysis, and auditors' certificates. The report was digitally signed on August 13, 2026.

Board and leadership changes

The report discloses significant changes at the board level during the period. Mr. Pranav Kumar Ranade, the Chairman and Executive Director of the company, passed away on April 13, 2026. Subsequently, Mrs. Ameeta Ranade, a Non-Executive Director, was appointed as Chairperson of the company on April 27, 2026 through Postal Ballot. Mrs. Natasha Tara Ranade was appointed as Whole-Time Director with effect from April 27, 2026, also through Postal Ballot.

Additionally, Mrs. Priya Somaiya ceased to be a member of the Audit Committee with effect from May 4, 2025, and Mr. Aman Marodia was inducted as a member of the Committee with effect from May 3, 2025.

Report structure and coverage

The Annual Report for FY 2025-26 covers the following sections:

Corporate governance and compliance

The report includes an Auditors' Certificate on Corporate Governance issued pursuant to Regulation 34(3) and Schedule V Para C clause (10)(i) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The certificate was issued by CS Navneet Arora, Managing Partner of Navneet K Arora & Co LLP, Company Secretaries.

The corporate governance section details the composition and functioning of board committees, including the Audit Committee, and discloses attendance records and remuneration details for directors and key managerial personnel.

Financial statements

The standalone and consolidated financial statements for FY 2025-26 include the Balance Sheet, Profit & Loss Statement, Cash Flow Statement, and accompanying notes and significant accounting policies. Independent auditors' reports have been issued for both standalone and consolidated financial statements. The report also includes a reconciliation of significant accounting policies applicable to consolidated accounts.

The company's registered and corporate office is located at C-4 to C-11, Hosiery Complex, Phase-II Extension, Noida-201305.

Advance Metering Technology Limited ( Advance Metering Technology Limited ) will conduct its 15th Annual General Meeting (AGM) on Tuesday, September 8, 2026, at 10:30 am. The meeting will be held through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The Register of Members and Share Transfer Books will remain closed from September 2, 2026, until September 8, 2026, to determine shareholder eligibility.

The notice for the AGM, along with the Annual Report for FY26, was dispatched electronically on August 13, 2026. Shareholders without registered emails received letters containing a weblink to access the report, adhering to SEBI Listing Regulations.

Key Agenda Items

The AGM will transact several ordinary and special business items, including the adoption of audited financial statements for FY26 and the appointment of M/s GSA & Associates LLP as statutory auditors for five years.

Related-Party Transactions

Shareholders will vote on material related-party transactions with Industrial Solutions Corporation LLP (ISCL), a limited liability partnership in which Managing Director Mr. Prashant Ranade is a designated partner. The proposed transactions, valued at an aggregate of ₹9.5 crore for FY27 and FY28, include lease hold advances, trademark usage payments, EPC services, and expense reimbursements. The Audit Committee approved these transactions as being in the ordinary course of business and at arm's length. The arrangement is expected to result in rental savings of approximately ₹30 lakh per annum for the company.

Management Appointments and Remuneration

The meeting will seek approval for the re-appointment of Mrs. Ameeta Ranade as Non-Executive Director for a term of five years starting August 14, 2026. Mrs. Ranade, who retires by rotation, is the mother of the Managing Director and holds 19,46,392 equity shares in the company.

Additionally, shareholders will approve an increase in the remuneration of Managing Director Mr. Prashant Ranade, effective May 1, 2026. His monthly salary will rise to ₹3,12,500, along with a special allowance of ₹1,54,450 per month. This revision is subject to the company's profit status, with minimum remuneration payable under Schedule V of the Companies Act if profits are inadequate. The company reported a standalone loss before tax of ₹1,021.78 lakh in FY26, down from a loss of ₹936.76 lakh in FY25.

E-Voting Process and Timeline

Members can exercise voting rights through remote e-voting or during the AGM. The remote e-voting period begins on Saturday, September 5, 2026, at 9:00 am and concludes on Monday, September 7, 2026, at 5:00 pm. NSDL will disable the e-voting module after this period.

Voting rights are proportional to the paid-up value of equity shares held as of the cut-off date, September 1, 2026. Members who vote remotely may attend the AGM but cannot vote again.