Avance Technologies CFO Vijay Purohit resigns effective June 20, 2026
Avance Technologies Limited accepted the resignation of CFO Vijay Purohit effective June 20, 2026, due to personal and professional commitments. Purohit confirmed no other material reasons for his departure and holds no directorships in other listed entities.
*this image is generated using AI for illustrative purposes only.
Avance Technologies Limited has accepted the resignation of Mr. Vijay Purohit from the position of Chief Financial Officer (CFO) and Key Managerial Personnel, effective the close of business hours on June 20, 2026. The resignation follows a letter dated June 18, 2026, in which Purohit cited preoccupation with personal and professional commitments as the reason for his departure. The company confirmed that there are no other material reasons for the resignation beyond those stated in his letter.
The disclosure was made to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has enclosed the resignation letter and the requisite details under Schedule III - Para A (7C) of Part A of Regulation 30.
Resignation Details
The following table outlines the key particulars regarding the change in the company's leadership:
| Sr. No. | Particulars | Details |
|---|---|---|
| 1. | Name | Mr. Vijay Purohit |
| 2. | Designation | Chief Financial Officer |
| 3. | Reason for Change | Due to preoccupation with personal and professional commitments |
| 4. | Date of Cessation | Closure of business hours on June 20, 2026 |
| 5. | Directorships in other listed entities | NIL |
Mr. Vijay Purohit confirmed that he holds no directorships or committee memberships in other listed entities. He also verified that there are no material reasons for his resignation other than the commitments previously mentioned. The resignation was formally accepted by the Board of Directors of Avance Technologies Limited on June 20, 2026.
Historical Stock Returns for Avance Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.03% | 0.0% | +1.03% | -29.50% | +30.67% | +100.00% |
Who will be appointed as the interim CFO, and what is the timeline for finding a permanent replacement?
How might this leadership change impact Avance Technologies' upcoming financial reporting and strategic planning?
Will the company experience any shifts in financial strategy or operational priorities under the new CFO?
17
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
