Advance Metering Technology Limited approves director appointments in postal ballot

Advance Metering Technology Limited has announced the outcome of its postal ballot conducted through remote e-voting, which concluded on June 07, 2026. The voting process sought shareholder approval on five key resolutions, including director appointments and corporate governance matters. While the company secured approval for leadership changes, proposals related to financial transactions and related party deals did not receive the requisite majority.

Voting Results Overview

The remote e-voting, managed by the National Securities Depository Limited (NSDL), saw participation from 97 members. A total of 25,07,884 votes were cast. The scrutinizer, Navneet Arora of Navneet K Arora & Co LLP, validated the process and submitted the report to the Board on June 09, 2026.

Resolutions Passed

Shareholders approved two resolutions concerning the company's leadership. The appointment of Mrs. Natasha Tara Ranade (DIN: 06470367) as a Whole Time Director, designated as an Executive Director, was passed with 99.86% of the valid votes in favour. Additionally, the special resolution to change the designation of Mrs. Ameeta Ranade (DIN: 00006019) from Non-Executive Non-Independent Director to Chairman cum Non-Executive Non-Independent Director was approved with 93.61% of the votes in favour.

Resolutions Rejected

Three resolutions were rejected due to inadequate majority. The special resolution to approve giving loans, guarantees, or providing security under Section 185 of the Companies Act, 2013, received only 13.00% votes in favour, with 87.00% voting against. Similarly, the special resolution to approve making investments, loans, and guarantees in excess of limits under Section 186 of the Companies Act, 2013, was rejected with 87.00% dissent. The ordinary resolution to approve material related party transactions with Industrial Solutions Corporation LLP also failed, securing only 13.26% assent against 86.74% dissent.

Detailed Voting Breakdown

The table below summarizes the voting results for the key resolutions:

Resolution	Votes For	Votes Against	% For	% Against	Result
Appointment of Mrs. Natasha Tara Ranade as Executive Director	25,04,427	3,457	99.86	0.14	Passed
Loans, guarantees, or security under Section 185	13,512	90,457	13.00	87.00	Rejected
Investments, loans, guarantees in excess of limit under Section 186	13,512	90,457	13.00	87.00	Rejected
Related Party Transactions with Industrial Solutions Corporation LLP	13,787	90,182	13.26	86.74	Rejected
Change in designation of Mrs. Ameeta Ranade to Chairman	13,25,670	90,457	93.61	6.39	Passed

The record date for determining shareholder eligibility was May 01, 2026. The company has stated that the relevant records will be handed over to CS Alok Kumar Pandey, Company Secretary & Compliance Officer, for safekeeping in compliance with the Companies Act, 2013.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+7.67%	+4.70%	+2.45%	-5.36%	-21.13%	+45.42%

Advance Metering Technology Limited reported a consolidated net loss of ₹10.07 crore for the financial year ended March 31, 2026, narrowing from a net loss of ₹9.30 crore in the previous year. Total revenue from operations for FY26 stood at ₹232.76 crore, while revenue for the quarter ended March 31, 2026, was ₹52.42 crore. The company’s Board approved the audited financial results for the standalone and consolidated entities during a meeting held on May 29, 2026.

The standalone financial results for FY26 showed a net loss of ₹10.21 crore, with total revenue from operations at ₹232.76 crore. For the quarter ended March 31, 2026, the standalone net loss was ₹6.42 crore on revenue of ₹52.42 crore. The company reported no provision for deferred tax liabilities or assets during the quarter and year due to carried forward business losses and unabsorbed depreciation.

Financial Performance

The following table outlines the key financial metrics for the standalone and consolidated results for the year and quarter ended March 31, 2026:

Particulars	Standalone FY26 (₹ in Lacs)	Standalone FY25 (₹ in Lacs)	Consolidated FY26 (₹ in Lacs)	Consolidated FY25 (₹ in Lacs)
Total Revenue from operations	2,327.64	2,207.76	2,327.64	2,348.65
Profit / (Loss) for the period	(1,021.78)	(936.76)	(1,007.16)	(930.18)
Total Comprehensive Income	(1,019.19)	(940.61)	(1,019.64)	(932.19)

Segment Performance

Segment-wise revenue for the year included Power Generation at ₹624.10 lakh, Meters & Others at ₹975.19 lakh, and Investments at ₹728.35 lakh. The Investments segment reported a net loss before tax and interest of ₹47.41 lakh for the year, while the Power Generation segment reported a profit of ₹212.97 lakh before tax and interest.

Board Decisions

In addition to the financial results, the Board approved the re-appointment of M/s Daver Sikri & Co. as the Internal Auditor of the company for the financial year 2026-27. The necessary disclosures regarding this re-appointment were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The auditors, GSA & Associates LLP, issued an unmodified opinion on the standalone and consolidated financial results. The report noted that the consolidated results include the financial figures of subsidiaries such as Global Power and Trading PTE Limited, Singapore, and Advance Power and Trading GMBH, Germany, which is under the process of winding up.