47th AGM proposes 40 crore warrant issue, higher borrowing and business shift
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Advance Multitech filed its 47th annual report for the financial year ended 31 March 2026. The AGM is on 28 September 2026. Shareholders will vote on increasing authorised capital from Rs 5 crore to Rs 15 crore and issuing up to 1 crore warrants to non-promoter investors at Rs 40 each, convertible into shares within 18 months and potentially raising Rs 40 crore. They will also consider higher borrowing limits and a shift into spices and farm products.
Shareholders face potential dilution from warrant conversion and higher debt risk, while good use of funds may aid expansion and support the stock.