Advance Multitech will hold a board meeting on September 1, 2026, to consider raising funds through equity instruments and increasing borrowing limits.

The meeting, scheduled for 5:00 pm at the company’s registered office in Ahmedabad, aims to evaluate proposals for issuing equity shares or warrants convertible into equity shares. The board will also review increasing the company’s borrowing limits up to ₹100 crore and borrowing up to ₹50 crore from directors.

Governance Changes

The agenda includes significant changes to the board composition. The board will note the resignation of Arvind Vishwanath Goenka from the post of Managing Director. Additionally, the resignations of Hiral Rajeshkumar Shah, Ravindrakumar Laljibhai Mehta, Govind Ganpatlal Shah, and Minaxi Govind Shah from their respective director positions will be noted.

New appointments include:

• Rahul Ashokbhai Jain as Additional Director designated as Managing Director & Chairman
• Rajneel Gautambhai Jain as Additional Director in the category of Executive Director
• Siddharth Arvindbhai Jain as Additional Director in the category of Executive Director
• Alpesh Rameshbhai Paliwal as Additional Non-Executive Independent Director
• Ankush Madan Pandey as Additional Non-Executive Independent Director
• Priyanka Kirtikumar Marvania as Additional Non-Executive Independent Director

Audit and Compliance

The board will appoint M/s Shailesh Bharwad & Associates as Internal Auditor for FY27. M/s Rajesh J Shah & Associates, Chartered Accountants, will be appointed as Statutory Auditors for a term of five consecutive years. The Secretarial Audit Report will also be taken on record.

Other Business

The board will decide the date, time, and venue for the 47th Annual General Meeting (AGM) and approve the notice convening the same. M/s Patawari & Associates will be appointed as scrutinizer for e-voting at the AGM. The draft Directors' Report for the financial year ended March 31, 2026, will also be approved.

Advance Multitech has accepted the resignations of its Managing Director and four other board members, effective September 1, 2026. The departures include Arvind Vishwanath Goenka, who held the top executive role, alongside two additional independent directors and two additional directors.

The company disclosed the changes to the BSE on August 25, 2026, citing mutual exits and other project handling as the reasons for the resignations. The move significantly reshapes the company's leadership structure in a single filing.

Key Resignations

The following directors have tendered their resignations:

• Arvind Vishwanath Goenka: Managing Director. He holds 22,65,00 equity shares in the company.
• Hiral Rajeshkumar Shah: Additional Independent Director. He currently serves as Managing Director of Hallmark Textiles Limited.
• Ravindrakumar Laljibhai Mehta: Additional Independent Director. He serves as an Additional Director at Hallmark Textiles Limited.
• Govind Ganpatlal Shah: Additional Director.
• Minaxi Govind Shah: Additional Director.

All five directors confirmed that there are no material reasons for their resignation other than those stated in their respective letters. The resignations take effect at the close of business hours on September 1, 2026.

Regulatory Compliance

The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Goenka, whose DIN is 00093200, signed the intimation letter as Managing Director. The remaining directors provided their DINs in their individual resignation letters: Hiral Rajeshkumar Shah (10656368), Ravindrakumar Laljibhai Mehta (10881551), Govind Ganpatlal Shah (10017709), and Minaxi Govind Shah (11348531).