AmpVolts Limited announced key board decisions following its meeting held on December 19, 2025, focusing on strengthening its financial governance structure and securing working capital facilities. The board meeting, which lasted 40 minutes from 1:00 p.m. to 1:40 p.m., addressed critical financial management aspects for the company.

Board Committee Formation

The board approved the constitution of a Borrowing Finance Committee with comprehensive delegated powers under Section 179(3)(d), (e), and (f) of the Companies Act, 2013. This committee formation represents a strategic move to streamline the company's borrowing and financial decision-making processes.

Working Capital Facility Approval

The board authorized the availment of working capital facilities from Union Bank of India, demonstrating the company's proactive approach to securing operational funding. Along with this approval, the board designated specific directors and officers to execute necessary documentation and undertake all related procedural requirements.

Regulatory Compliance

The company fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders. The decisions were communicated to BSE Limited, where AmpVolts Limited trades under scrip code 535719.

Corporate Governance Enhancement

These board decisions reflect AmpVolts Limited's commitment to robust corporate governance and financial management. The formation of a specialized borrowing committee and securing of banking facilities position the company for enhanced operational efficiency and financial flexibility in its business operations.

AmpVolts Limited, formerly known as Quest Softech (India) Limited, has announced the forfeiture of 2,89,087 partly paid-up equity shares due to non-payment of call money. This corporate action, approved by the company's Board of Directors on November 14, 2025, comes after shareholders failed to meet the payment deadline despite multiple notices and reminders.

Key Details of the Forfeiture

Background and Process

The forfeiture is related to a rights issue conducted by Ampvolts Limited, which involved the issuance of up to 1,60,00,000 partly paid-up equity shares at a price of ₹30 per rights equity share. The company had issued multiple notices to shareholders:

1. First Call Money Notice: Dated July 04, 2024
2. Second and Final Call Money Notice: Dated October 15, 2024
3. Reminder-cum-forfeiture Notice: Dated January 29, 2025

Despite these notices, some shareholders failed to pay the required call money by the final deadline of February 13, 2025.

Implications for Shareholders

The forfeiture has significant consequences for the affected shareholders:

• Complete loss of shares and amounts already paid
• Extinction of all interests, claims, and demands against the company regarding the forfeited shares
• Termination of all rights incidental to the forfeited shares

Company's Position

According to the LODR filing, Ampvolts Limited now considers the forfeited shares as company property. The company retains the right to:

• Sell or dispose of the forfeited shares
• Cancel the forfeiture on terms it deems fit

Compliance and Communication

Ampvolts Limited has taken steps to ensure regulatory compliance and shareholder communication:

• Filed the necessary disclosures under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Sent individual notices to affected shareholders detailing the forfeiture and its implications

This corporate action underscores the importance for investors to stay vigilant about payment deadlines and company notices, especially in cases of partly paid-up shares. It also highlights the potential risks associated with non-compliance in rights issues and call money payments.