Avance Technologies Limited concluded its 42nd Annual General Meeting on September 29, 2026, with all proposed ordinary resolutions passing by a significant majority. The meeting, held in Mumbai, addressed the adoption of financial statements for FY26 and key governance appointments.

The company filed the voting results and scrutinizer's report with the stock exchanges on October 1, 2026. The outcomes confirm shareholder approval for the standalone and consolidated audited balance sheet, profit and loss account, and cash flow statement for the financial year ended March 31, 2026.

Voting results breakdown

The resolutions were transacted through remote e-voting and poll voting at the venue. The total number of shares polled across all categories was 14,853,822, representing approximately 0.75% of the outstanding shares. The promoter group did not cast any votes in any category.

Key governance approvals

Shareholders approved the re-appointment of Deepak Mane as a director, replacing himself upon retirement by rotation. Additionally, M/s A. Raghavendra Rao & Associates, Chartered Accountants, were appointed as the statutory auditors of the company. The scrutinizer, Aarju Agrawal & Associates, confirmed that no invalid votes were recorded in any category.

What the Numbers Show

A distinct pattern emerges when comparing the dissenting votes across the three resolutions. The resolution regarding the director's re-appointment attracted the highest number of opposing votes at 84,869, compared to roughly 68,000 for both the financial adoption and auditor appointment. This suggests a slightly higher level of shareholder reservation specifically concerning board composition rather than financial reporting or audit quality. Despite this divergence, all measures secured well above the requisite majority threshold, indicating stable governance continuity.

Avance Technologies has confirmed Tuesday, September 22, 2026, as the cut-off date to determine shareholder eligibility for remote e-voting at its upcoming annual general meeting. The company scheduled its 42nd AGM for September 29, 2026, following a board meeting on September 2, 2026.

The board focused on governance matters, including the reappointment of M/s. A. Raghavendra Rao & Associates as statutory auditor for a five-year term from FY27 to FY31. This appointment is subject to shareholder approval at the upcoming AGM.

Governance and Auditor Appointment

The board recommended the reappointment of Mr. Deepak Yallappa Mane as a non-executive, non-independent director. He retires by rotation under Section 152 of the Companies Act, 2013, and has offered himself for reappointment.

M/s. A. Raghavendra Rao & Associates, established in 1986, will serve as the statutory auditor if approved by shareholders. The firm holds Firm Registration No. 003324S and Peer Review Certificate No. 018363. The appointment covers five consecutive years starting from FY27.

AGM Details and Logistics

The 42nd AGM is scheduled for Tuesday, September 29, 2026, at 10:00 am at Event Banquet, Opp. Filmystan Studio, S.V. Road, Goregaon (West), Mumbai. The cut-off date for determining eligibility to attend and vote is Tuesday, September 22, 2026.

Remote e-voting will commence on Saturday, September 26, 2026, at 9:00 am and end on Monday, September 28, 2026, at 5:00 pm. M/s. Aarju Agrawal & Associates has been appointed as the scrutinizer for the remote e-voting process.

Registered Office Shift

The board approved moving the registered office from 404, Corporate Annexe, Sonawala Road, Goregaon (East), Mumbai, to 1502, Corporate Annexe, Sonawala Road, Goregaon (East), Mumbai. This change reflects an internal relocation within the same building complex.