Advance Multitech Limited Continues Board Restructuring with New Director Appointment

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.