Board approves capital hike, warrants issue, MOA change, key appointments

Advance Multitech board approved raising authorized capital from Rs 5 crore to Rs 45 crore, and issuing up to 4 crore warrants at Rs 10 each to 120 allottees on preferential basis. Borrowing limit raised to Rs 100 crore. Main object clause altered to include spices, food and agro commodities. Rahul Jain named MD and Chairman, Rajneel Jain and Siddharth Jain appointed Executive Directors, Sumita Jain named CFO. New auditors appointed. Several prior directors resigned.