Advance metering tech has submitted a formal declaration to BSE Limited stating that it does not fall under the Large Corporate Framework as specified in SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. The declaration was filed on April 09, 2026, as part of the company's regulatory compliance obligations.

Regulatory Declaration Details

The company has formally communicated its non-applicability status to the BSE Department of Corporate Services. This declaration relates to the disclosure and compliance requirements for Large Corporates as outlined in the specific SEBI circular.

Company Information

Advance Metering Technology Limited operates with its corporate office located at C-4 to C-11, Hosier Complex, Phase-II Extension, Noida- 201305, U.P, India. The company's registered office is situated at E-8/1, Malviya Nagar, New Delhi- 110 017.

Compliance Framework

The SEBI Large Corporate Framework establishes specific disclosure and compliance requirements for companies that meet certain criteria. By declaring non-applicability, Advance Metering Technology Limited has confirmed that it does not meet the thresholds or criteria that would classify it as a Large Corporate under the regulatory framework.

The declaration was digitally signed by Company Secretary & Compliance Officer Alok Kumar Pandey on April 09, 2026, at 14:14:40 +05'30', ensuring proper authentication and compliance with digital signature requirements for regulatory filings.

Advance Metering Technology Limited announced the outcome of its Board of Directors meeting held on April 08, 2026, where key corporate governance matters were addressed through the approval of a postal ballot notice. The meeting, which commenced at 2:00 PM and concluded at 4:30 PM, focused on several strategic decisions requiring shareholder consent.

Board Resolutions and Postal Ballot Items

The board approved a comprehensive postal ballot notice encompassing four critical special business items that require shareholder approval:

Leadership Continuity

The most significant item on the postal ballot involves the re-appointment of Mr. Pranav Kumar Ranade (DIN: 00005359) as Chairman and Executive Director of the company. According to the board resolution, his re-appointment is scheduled to take effect on May 12, 2026, ensuring leadership continuity for the organization.

Corporate Compliance Measures

The postal ballot also addresses critical compliance requirements under the Companies Act 2013. The board seeks shareholder approval for providing loans, guarantees, and security under Section 185, as well as making investments and extending financial support beyond the limits specified under Section 186. These measures are designed to enhance the company's operational flexibility while maintaining regulatory compliance.

Voting Process and Timeline

The company has established a structured timeline for the postal ballot process:

The cut-off date of April 14, 2026, will determine shareholder eligibility for voting on the proposed resolutions. The company has engaged National Securities Depository Limited to provide e-voting facilities, ensuring accessible participation for all eligible members. Mr. Navneet Arora from Navneet K Arora & Co LLP has been appointed as the scrutinizer to oversee the remote e-voting process, ensuring fairness and transparency in the proceedings.

Regulatory Compliance

This announcement fulfills the company's obligations under SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, demonstrating adherence to corporate governance standards. The detailed disclosure includes comprehensive information about the director's re-appointment as required under SEBI Master Circular guidelines, maintaining transparency with stakeholders and regulatory authorities.