advance metering tech has announced that its Board of Directors will meet on Friday, May 29, 2026. The meeting is being convened to consider and approve the audited financial results for the quarter and year ended March 31, 2026. These results will be prepared in accordance with the Indian Accounting Standards (Ind AS) for both standalone and consolidated financial statements.

Trading Window Closure

In connection with the consideration of the financial results, the company has closed its trading window. The closure is effective from April 1, 2026, and will remain in effect until the expiry of 48 hours after the declaration of the audited financial results for the quarter and year ended March 31, 2026.

Meeting Details

The board meeting intimation was submitted to BSE Ltd. on May 21, 2026. The notice regarding the meeting is available on the company's official website. The meeting is being held pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Advance Metering Technology Limited has issued a Postal Ballot Notice dated April 27, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, seeking shareholder approval for five resolutions through remote e-voting. The voting window opens on Saturday, May 09, 2026 at 9:00 a.m. (IST) and closes on Sunday, June 07, 2026 at 5:00 p.m. (IST). The cut-off date for determining eligible members is Friday, May 01, 2026. The e-voting facility is being facilitated through the National Securities Depository Limited (NSDL), and results are to be announced on or before Tuesday, June 09, 2026.

Overview of Resolutions

The Postal Ballot Notice, filed with BSE Limited on May 08, 2026, covers five resolutions spanning director appointments, financial authorisations, and related party transactions. Mr. Navneet Arora, Managing Partner of M/s Navneet K Arora & Co LLP, Practicing Company Secretaries (C.P. No. 3005), has been appointed as the Scrutinizer for conducting the postal ballot process in a fair and transparent manner. Results, along with the Scrutinizer's report, will be posted on the company's website at https://pkrgroup.in and on NSDL's website at www.evoting.nsdl.com , and communicated to BSE Limited.

Director Appointment: Mrs. Natasha Tara Ranade

The Board of Directors, based on the recommendations of the Audit Committee and Nomination and Remuneration Committee, approved the appointment of Mrs. Natasha Tara Ranade (DIN: 06470367) as an Additional Director with effect from April 27, 2026, and as Whole-Time Director (designated as Executive Director) for a term of 5 (five) consecutive years from April 27, 2026 to April 26, 2031, subject to shareholder approval. Mrs. Ranade holds a Bachelor of Arts degree from Delhi University and a Diploma in Interior Design from South Delhi Polytechnic. She is the spouse of Mr. Prashant Ranade, Managing Director of the Company.

The key remuneration details for Mrs. Natasha Tara Ranade are as follows:

Financial Authorisations Under Sections 185 and 186

Shareholder approval is being sought for two financial authorisations. Under Resolution 2, the company proposes to give loans, advances, guarantees, or security to subsidiaries, associates, joint ventures, group entities, or other persons in whom any director is deemed interested, for an aggregate amount not exceeding Rs. 6 crore (Rupees Six Crore Only), as permitted under Section 185 of the Companies Act, 2013. Under Resolution 3, approval is sought to make investments, give loans, guarantees, and security in excess of the limits prescribed under Section 186 of the Companies Act, 2013, up to a limit of Rs. 6 crores (Rupees Six Crores Only). Both resolutions are being proposed as Special Resolutions, and the Board has stated that funds will be deployed from internal resources or accruals.

Material Related Party Transactions with Industrial Solutions Corporation LLP

The company is seeking shareholder approval for material related party transactions with Industrial Solutions Corporation LLP (ISCL), a Limited Liability Partnership in which Mr. Prashant Ranade, Managing Director of Advance Metering Technology Limited, holds 50% capital contribution as a Designated Partner, with the remaining 50% held by his spouse, Mrs. Natasha Tara Ranade. The proposed transactions for FY 2026-27 and FY 2027-28 have an aggregate value not exceeding Rs. 9.5 crores, which represents approximately 61.17% of the company's audited consolidated turnover for FY ended March 31, 2025.

The breakdown of proposed transactions is as follows:

For reference, previous transactions with ISCL during FY 2025-26 totalled Rs. 95 lakhs, comprising trademark usage charges of Rs. 20.00 lakhs, leasing of premises of Rs. 65.00 lakhs, and rendering of services of Rs. 10.00 lakhs. The financial performance of ISCL for FY 2024-25, as per the LLP balance sheet filed with the concerned ROC, recorded a turnover of Rs. 69.31 lakhs, profit after tax of Rs. 23.00 lakhs, and net worth of Rs. 24.47 lakhs. The Audit Committee has confirmed that the proposed transactions are at arm's length and in the ordinary course of business. The lease hold advance is for a period of 9 years and is expected to result in savings of approximately Rs. 30 lakhs per annum in rental expenses.

Change in Designation: Mrs. Ameeta Ranade

The Board has also proposed the change in designation of Mrs. Ameeta Ranade (DIN: 00006019) from Non-Executive Non-Independent Director to Chairman cum Non-Executive Director in the category of Non-Independent Director, liable to retire by rotation. This proposal follows the demise of Late P. K. Ranade, who served as Chairman of the Company. Mrs. Ameeta Ranade, aged 70, holds a master's degree in English (Hons.) and attended 4 Board meetings during FY 2025-26 up to the date of the notice. She currently holds 10,91,757 equity shares in the Company and is also a director of R.S. Info Systems Private Limited and PKR Infrastructure Private Limited. The Board has recommended this resolution as a Special Resolution, citing her extensive experience, leadership capabilities, and industry knowledge.