Advance Multitech Limited has announced the resignation of its Company Secretary and Compliance Officer, marking a significant change in the company's key management personnel. The development was formally communicated to the Bombay Stock Exchange through a regulatory filing dated January 7, 2026.

Resignation Details

Mr. Niralbhai Kalyanbhai Sodavadiya has tendered his resignation from the position of Company Secretary and Compliance Officer, with the resignation taking effect from January 16, 2026. The announcement was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Reasons for Departure

In his resignation letter, Mr. Sodavadiya cited unavoidable circumstances and other opportunities in the market as the primary reasons for his decision to step down from his role. The resignation letter was addressed to the Board of Directors and formally submitted on January 7, 2026.

Regulatory Compliance and Next Steps

The company has ensured full compliance with regulatory requirements by promptly notifying the stock exchange of this key personnel change. The resignation letter will be placed before the Board of Directors in the upcoming board meeting for formal consideration and acceptance. Mr. Sodavadiya has requested the company to file necessary forms, including Form DIR-12, with the Registrar of Companies to formalize the resignation process.

Company Information

Advance Multitech Limited, an ISO-9001-2015 certified company, operates from its registered office at 36, Kothari Market, Opp. Hirabhai Market, Kankaria, Ahmedabad - 380 022. The company trades on the Bombay Stock Exchange under scrip code 526331. The resignation notification was signed by Managing Director Arvind Goenka (DIN: 00093200), confirming the company's commitment to maintaining transparent communication with stakeholders regarding key management changes.

Advance Multitech Limited has announced another significant addition to its board of directors, appointing Mr. Mahesh Ganpatbhai Shah as Professional Non-Executive Director effective December 10, 2025. This appointment follows the company's recent major board restructuring that saw five new directors join and four resign in October.

Latest Board Addition

The company's board of directors approved Mr. Shah's appointment during their meeting held on December 10, 2025. The appointment was made in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015.

Previous Board Restructuring

This appointment builds upon the company's significant board overhaul completed in October, when five new directors were appointed:

1. Mr. Govind Ganpatlal Shah - Professional Non-Executive Director
2. Mrs. Minaxi Govind Shah - Professional Non-Executive Director
3. Mr. Chintan Shah - Independent Director
4. Mr. Ravindra Mehta - Independent Director
5. Mr. Hiral Shah - Independent Director

Departing Directors

The October restructuring also saw the resignation of four board members:

1. Mr. Nishit Popat - Independent Director
2. Ms. Priyanka Gola - Independent Director
3. Mr. Himanshubhai Shukla - Promoter Director
4. Ms. Aanchal Arvind Goenka - Promoter Director

Enhanced Board Expertise

The ongoing board restructuring continues to strengthen Advance Multitech's governance framework. Mr. Mahesh Shah's 15 years of experience in the metal industry adds valuable sector-specific expertise to complement the existing mix of technical and financial skills brought by the October appointees.

The series of appointments reflects the company's commitment to building a robust board composition with diverse professional backgrounds and industry experience.