Advance metering tech has announced the withdrawal of its proposed postal ballot process following the sudden demise of Chairman and Whole Time Director Mr. Pranav Kumar Ranade. The company informed BSE Limited about this development on April 15, 2026, in continuation to earlier intimations regarding the chairman's passing and the proposed postal ballot.

Background of Events

The sequence of events unfolded rapidly over recent days, creating significant corporate implications:

Leadership Position and Shareholding

Mr. Pranav Kumar Ranade held significant positions within the company structure and maintained substantial shareholding:

Postal Ballot Withdrawal Decision

The company's Board of Directors approved the withdrawal after due deliberations, citing the unforeseen and unfortunate event. The re-appointment of Mr. Pranav Kumar Ranade as Chairman and Executive Director was one of the key items in the proposed postal ballot notice. Consequently, the postal ballot notice was not dispatched to shareholders and the e-voting process was not commenced.

Future Corporate Actions

Advance Metering Technology Limited is actively addressing the leadership transition through several initiatives:

The company has assured shareholders that the withdrawal of the proposed postal ballot process will not impact its growth plans. The Board will consider revised proposals and take appropriate steps in compliance with applicable laws including the Companies Act, 2013 and SEBI LODR Regulations, 2015.

Regulatory Compliance

Following Mr. Ranade's demise, he will cease to be part of the promoter/promoter group in accordance with Regulation 31A (6) (c) of the SEBI LODR Regulations, 2015. The notification was signed by Alok Kumar Pandey, Company Secretary & Compliance Officer, ensuring proper corporate governance procedures were followed.

Advance Metering Technology Limited has submitted its mandatory compliance certificate under Regulation 74(5) of SEBI (Depositories & Participants) Regulations, 2018 for the quarter ended 31st March 2026. The filing demonstrates the company's adherence to regulatory requirements governing the dematerialization of securities.

Regulatory Filing Details

The certificate was submitted to BSE Limited on 9th April 2026 by Company Secretary and Compliance Officer Alok Kumar Pandey. The submission includes certification from the company's Registrar & Transfer Agent, Alankit Assignments Limited, confirming proper handling of physical share certificates during the quarter.

Compliance Certification

Alankit Assignments Limited, serving as the company's Registrar & Transfer Agent, issued the compliance certificate on 4th April 2026. General Manager Kamal Garg signed the certification, confirming adherence to dematerialization procedures.

The RTA certificate confirms two critical compliance aspects:

• Securities comprised in the certificates have been listed on stock exchanges
• Physical certificates have been properly verified, mutilated, cancelled, and depository names substituted in records as registered owners

Corporate Information

Advance Metering Technology Limited operates from its corporate office at C-4 to C-11, Hosiery Complex, Phase-II Extension, Noida-201305, with its registered office located at E-8/1, Malviya Nagar, New Delhi-110017. The company maintains its corporate communications through established channels and continues to fulfill its regulatory obligations as a listed entity.

The submission of this quarterly certificate represents standard regulatory compliance for listed companies, ensuring transparency in share dematerialization processes and maintaining investor confidence through proper documentation and verification procedures.