Proceedings of 47th AGM of the company related to Preferential issue
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Advance Multitech held its 47th AGM on September 28, 2026, in physical mode at its Ahmedabad factory, where 15 business items were put forward for shareholder approval. The key item is the proposed issuance of up to 1 crore fully convertible warrants at Rs. 40 each to a non-promoter investor on a preferential basis, which could raise up to Rs. 40 crore. Other notable items include an increase in authorised share capital, alteration of the objects clause in the MOA, raising the borrowing limit under Section 180(1)(c) including up to Rs. 50 crore from directors, and multiple board appointments such as Rahul Jain as Managing Director. Remote e-voting was held from September 25–27, 2026, and voting results are awaited and will be filed separately.
If approved, the preferential warrant issue could bring in up to Rs. 40 crore but will lead to equity dilution for existing shareholders once the warrants are converted. The expanded borrowing limits and changes to the objects clause suggest the company is preparing for both equity-linked fundraising and additional debt, which shareholders should monitor closely.