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.

Avance Technologies Limited has signed a non-binding term sheet to acquire up to 100% equity stake in Pushpak AI, a Hyderabad-based computer vision and edge AI platform. The announcement positions the BSE-listed technology solutions provider to enter the high-growth visual intelligence sector amid rapid expansion in the global artificial intelligence market.

Strategic Market Entry Into AI Ecosystem

The proposed acquisition enables Avance Technologies to enter the visual intelligence and edge AI ecosystem, a segment experiencing accelerated adoption across manufacturing, infrastructure, smart cities, retail, logistics, and industrial automation sectors. The move aligns with the company's strategy of building ownership in scalable, IP-led technology platforms with proven enterprise adoption.

Pushpak AI's Established Enterprise Portfolio

Pushpak AI has established a diverse enterprise client base serving leading organizations across multiple sectors. The platform's solutions have been deployed by marquee clients demonstrating scalability and readiness for large-scale, mission-critical deployments across automotive, infrastructure, financial services, and government sectors.

Key Enterprise Clients:

• Automotive Sector: Maruti Suzuki, TVS Motor Company, Hero
• Infrastructure: Larsen & Toubro, Adani Group
• Financial Services: CMS Info Systems, Spice Money, RapiPay
• Logistics: IndiCold, Envoys, Everest Fleet
• Government: Smart City Bhubaneswar, GMDA
• Defense: MCEME (Military College of Electronics and Mechanical Engineering)
• Industrial: Vardhman Group, Shanthi Feeds

Advanced Technology Platform Capabilities

Pushpak AI operates as a computer vision and edge AI analytics platform incubated at T-Hub, Hyderabad. The platform transforms visual data into actionable intelligence by processing camera feeds, videos, images, and documents at the edge for low-latency insights and real-time alerts.

Core Solution Portfolio:

• Safety and SOP compliance monitoring
• People and vehicle counting systems
• Facial recognition and emotion analytics
• Intelligent traffic and perimeter security
• Inventory, productivity, and queue analytics
• Fire, smoke, wildlife, and environmental detection
• Intelligent Document Processing (DocAI) for invoices, government IDs, and bank statements

Management Vision and Strategic Rationale

"The proposed acquisition in Pushpak AI aligns with our strategy of building ownership in scalable, IP-led technology platforms with proven enterprise adoption. Full ownership enables us to drive deeper integration, accelerate go-to-market execution, and unlock long-term value from the rapidly expanding AI and computer vision ecosystem," said Latesh Poojary, Managing Director of Avance Technologies Limited.

The proposed acquisition would provide Avance Technologies with full strategic and operational control, enabling deeper integration of Pushpak AI's intellectual property, platforms, and enterprise relationships. Computer vision and edge-based AI analytics are emerging as core enablers of operational efficiency, safety compliance, and real-time decision-making across industries.