Mrs. Ameeta Ranade, a promoter of advance metering tech , has increased her shareholding in the company to 12.12% following the transmission of shares. The acquisition of 854,635 equity shares occurred by operation of law on June 18, 2026, consequent upon the demise of Mr. Pranav Kumar Ranade, the Promoter and Chairman & Executive Director of the company.

The disclosure was submitted to BSE Ltd. under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction was executed through transmission and not via market purchase, off-market transfer, or any negotiated transaction.

Prior to the acquisition, Mrs. Ameeta Ranade held 1,091,757 shares, representing 6.80% of the total share capital. Following the transmission of shares, her total holding has risen to 1,946,392 shares, which constitutes 12.12% of the total diluted share and voting capital of the company.

The following table details the change in shareholding:

The company's equity share capital before the acquisition was 1,091,757 shares (6.80%), which increased to 1,946,392 shares (12.12%) post-acquisition. The total diluted share and voting capital after the transaction stands at 1,946,392 shares.

Advance Metering Technology Limited has announced the outcome of its postal ballot conducted through remote e-voting, which concluded on June 07, 2026. The voting process sought shareholder approval on five key resolutions, including director appointments and corporate governance matters. While the company secured approval for leadership changes, proposals related to financial transactions and related party deals did not receive the requisite majority.

Voting Results Overview

The remote e-voting, managed by the National Securities Depository Limited (NSDL), saw participation from 97 members. A total of 25,07,884 votes were cast. The scrutinizer, Navneet Arora of Navneet K Arora & Co LLP, validated the process and submitted the report to the Board on June 09, 2026.

Resolutions Passed

Shareholders approved two resolutions concerning the company's leadership. The appointment of Mrs. Natasha Tara Ranade (DIN: 06470367) as a Whole Time Director, designated as an Executive Director, was passed with 99.86% of the valid votes in favour. Additionally, the special resolution to change the designation of Mrs. Ameeta Ranade (DIN: 00006019) from Non-Executive Non-Independent Director to Chairman cum Non-Executive Non-Independent Director was approved with 93.61% of the votes in favour.

Resolutions Rejected

Three resolutions were rejected due to inadequate majority. The special resolution to approve giving loans, guarantees, or providing security under Section 185 of the Companies Act, 2013, received only 13.00% votes in favour, with 87.00% voting against. Similarly, the special resolution to approve making investments, loans, and guarantees in excess of limits under Section 186 of the Companies Act, 2013, was rejected with 87.00% dissent. The ordinary resolution to approve material related party transactions with Industrial Solutions Corporation LLP also failed, securing only 13.26% assent against 86.74% dissent.

Detailed Voting Breakdown

The table below summarizes the voting results for the key resolutions:

The record date for determining shareholder eligibility was May 01, 2026. The company has stated that the relevant records will be handed over to CS Alok Kumar Pandey, Company Secretary & Compliance Officer, for safekeeping in compliance with the Companies Act, 2013.