Proceedings of the Annual General Meeting.
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Advance Metering Technology Limited held its 14th AGM on September 30, 2025 via video conferencing, with 112 members attending. The Chairman disclosed that the company incurred losses in FY 2024-25 due to lower sales, higher raw material costs, weak demand, and operational challenges, but noted the company has developed its own branded products and remains confident of recovery. Shareholders approved the audited standalone and consolidated financial statements, re-appointed Mr. Pranav Kumar Ranade (retiring by rotation), and approved a special resolution for the sale, transfer, or disposal of the company's Wind Power Mills undertaking owing to a continuous fall in power generation. Additionally, M/s Navneet K Arora & Co LLP was appointed as Secretarial Auditor for a five-year term (FY 2025-26 to 2029-30), and both statutory and secretarial audit reports were clean with no qualifications.
Shareholders should note the loss-making FY 2024-25 and the company's plan to exit the wind power business, which signals ongoing restructuring. The re-appointment of the existing Chairman and the clean audit reports offer some continuity, but near-term performance remains under pressure pending improvement in sales and demand conditions.