Announced Tue, 25 Aug · 15:28 IST
MD and 4 directors resign from Advance Multitech effective Sept 2026
Ceo ResignedMultiple Ind Directors ResignedKmp ResignedManagement Changes View source PDFExplain this filing
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Advance Multitech informed BSE of Managing Director Arvind Vishwanath Goenka's resignation along with four other directors - two Additional Independent Directors (Hiral Shah and Ravindrakumar Mehta) and two Additional Directors (Govind Shah and Minaxi Shah). All resignations are effective September 1, 2026, citing mutual exit and other projects. MD holds 22,65,00 equity shares in the company.
Likely market impact
Five directors including MD leaving at once may create leadership gap and uncertainty for shareholders; watch for governance impact and board reconstitution.