Advance Multitech has closed its trading window effective October 1, 2026. This restriction applies to directors, key managerial personnel, designated employees, and their immediate relatives in compliance with insider trading regulations.

The closure remains in force until 48 hours after the company declares its un-audited financial results for the quarter ending September 30, 2026. The specific date for the board meeting to approve these results will be intimated in due course.

Regulatory Compliance Details

The decision was taken under sub-regulation (1) of Regulation 9 of the SEBI (Prohibition of Insider Trading) Regulations, 2015. It also adheres to BSE Circular No. List/Comp/01/2019-20 dated April 2, 2019, and the company's internal code of conduct for regulating insider trading.

The filing was signed by Rahul Ashokbhai Jain, Additional Director, on September 25, 2026.

Advance Multitech has completed its board meeting on September 1, 2026, approving a preferential issue of warrants convertible into equity shares worth up to ₹40 crore. The company also resolved to increase its authorized share capital to ₹45 crore and raise borrowing limits to ₹100 crore.

The board approved the issuance of up to 4 crore warrants at an issue price of ₹10 per warrant. These instruments are convertible into one equity share each within 18 months. The allotment is proposed to 120 investors, including key promoters and related parties.

Capital Restructuring

The authorized share capital will rise from ₹5 crore (50 lakh shares) to ₹45 crore (4.5 crore shares) of face value ₹10 each. This amendment requires shareholder approval at the upcoming Annual General Meeting (AGM). The company also approved altering the Main Object Clause of its Memorandum of Association (MOA) to comprehensively cover the processing, manufacturing, and trading of spices, agro-based commodities, and allied food products.

Governance Changes

The meeting featured significant changes in leadership. Mr. Arvind Vishwanath Goenka resigned as Managing Director, while Mr. Pulkit Goenka stepped down as Chief Financial Officer (CFO) due to mutual exit.

New appointments include:

• Rahul Ashokbhai Jain as Additional Director designated as Managing Director & Chairman
• Rajneel Gautambhai Jain and Siddharth Arvindbhai Jain as Executive Directors
• Sumita Rahul Jain as Chief Financial Officer

Three new Independent Directors were appointed: Alpesh Rameshbhai Paliwal, Ankush Madan Pandey, and Priyanka Kirtikumar Marvania. Resignations were also noted from Hiral Rajeshkumar Shah, Ravindrakumar Laljibhai Mehta, Govind Ganpatlal Shah, and Minaxi Govind Shah.

Audit and Compliance

M/s Shailesh Bharwad & Associates was appointed as Internal Auditor for FY27. M/s Rajesh J Shah & Associates was appointed as Statutory Auditors for five consecutive years, effective from the conclusion of the 47th AGM. The board also approved the draft Directors' Report for FY26 and decided on the date for the 47th AGM.

What the Numbers Show

The preferential warrant issue is heavily concentrated among promoter-related entities. Key investors such as Rahul Ashokbhai Jain, Vanraj Ashokkumar Jain, and their respective HUFs are among the top allottees. The 18-month conversion window allows these investors to defer full capital deployment while securing future equity stakes at a fixed price of ₹10 per share.