Avance Technologies Limited has appointed M/s. A. Raghavendra Rao & Associates, Chartered Accountants, as its statutory auditor to fill a casual vacancy. The decision was taken by the Board of Directors during its meeting held on May 20, 2026. The appointment is subject to the approval of the shareholders.

The vacancy arose due to the resignation of the previous auditor, M/s. Rishi Sekhri & Associates. The new firm, M/s. A. Raghavendra Rao & Associates, holds a Firm Registration Number (FRN) of 003324S and a PRC No. of 018363.

Details of the Appointment

The appointment is effective immediately from May 20, 2026. The Board's decision was based on the recommendation of the Audit Committee. The following table outlines the key particulars of the appointment:

About the New Auditor

M/s. A. Raghavendra Rao & Associates is a reputed partnership firm established in 1986. The firm provides professional services in audit, taxation, assurance, compliance, and financial advisory. Its clientele includes corporates, banks, government organizations, and other business entities across India.

With nearly 40 years of professional standing, the firm has significant experience in conducting statutory and internal audits. It also offers accounting support, regulatory compliance services, and strategic advisory solutions. The firm operates across diverse sectors such as manufacturing, infrastructure, banking and finance, information technology, healthcare, real estate, and educational institutions.

Avance Technologies Limited has submitted its quarterly compliance certificate to BSE Limited under SEBI's regulatory framework for depositories and participants. The filing, dated April 13, 2026, pertains to the quarter ended March 31, 2026, and demonstrates the company's adherence to mandatory disclosure requirements.

Regulatory Compliance Filing

The certificate was filed pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. Managing Director Latesh Poojary, bearing DIN 10414863, signed the submission digitally on April 13, 2026, at 11:48:20 +05'30'. The document was addressed to BSE Limited's Listing Compliances department at P.J. Towers, Dalal Street, Fort, Mumbai.

Registrar Confirmation

M/s. Purva Shareregistry (India) Pvt. Ltd., serving as the company's Registrar and Share Transfer Agent, provided the underlying certificate. The RTA, registered with SEBI under registration number INR000001112 as Category 1 Registrars to IPO & Share Transfer Agents, confirmed compliance with dematerialization procedures during the quarter.

Compliance Officer Ms. Deepali Gaonkar from Purva Shareregistry confirmed that securities received from depository participants for dematerialization were properly processed and that all regulatory timelines were met. The certificate also verified that security certificates received were mutilated and cancelled after due verification.

Dematerialization Activity

The detailed dematerialization report for the quarter shows no activity during the period. The comprehensive breakdown reveals:

Regulatory Framework

The filing ensures compliance with SEBI's depositories regulations, which mandate quarterly reporting of dematerialization activities. The regulation requires companies to confirm that securities received for dematerialization are properly processed and that depositories are substituted as registered owners in the member register within prescribed timelines.

Copies of the certificate were also sent to National Securities Depository Limited and Central Depository Services (India) Limited, the two main depositories in India, ensuring comprehensive regulatory compliance across all relevant authorities.