Outcome of Board Meeting
Price
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Awaiting price reaction for this filing.
Advance Multitech's Board met on August 13, 2025, and approved the standalone unaudited results for Q1 FY26 (quarter ended June 30, 2025). The company reported revenue from operations of just ₹5.52 lakhs, sharply lower than ₹848.24 lakhs in the preceding quarter (Q4 FY25) and ₹968.25 lakhs for FY25 as a whole. Total income for the quarter was ₹5.52 lakhs against total expenses of ₹47.56 lakhs, leading to a loss before tax of ₹42.05 lakhs and a net loss of ₹42.05 lakhs (basic EPS of ₹-1.04), wider than the ₹25.59 lakh loss in Q1 FY25. The Board also approved the 46th AGM notice and Director's Report, appointed Tibrewal Bhagat & Associates as internal auditor for FY26, and reappointed M/s. Patawari & Associates as secretarial auditor for five years (FY26–FY30). The statutory auditor (Suresh R. Shah & Associates) issued an unqualified limited review opinion.
The combination of a near-zero quarterly revenue and a widening loss signals serious operational weakness, which is negative for shareholders and could pressure the stock. Investors should watch whether the company can stabilize revenue and return to profitability, as persistent cash burn at this scale raises concerns about long-term sustainability.