The Board of Directors in their Board Meeting held today 17th October 2025 have considered and approved the appointment of Independent Directors and Professional Non executive Directors. ....
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At a board meeting on 17th October 2025, Advance Multitech Limited approved the appointment of three Independent Directors (Mr. Chintan Shah, Mr. Ravindra Mehta, Mr. Hiral Shah) and two Professional Non-Executive Directors (Mr. Govind Ganpatlal Shah and Mrs. Minaxi Govind Shah). In the same meeting, the board accepted the resignations of two Independent Directors (Mr. Nishit Popat and Ms. Priyanka Gola) and two Promoter Directors (Mr. Himanshubhai Shukla and Ms. Aanchal Arvind Goenka). All four outgoing directors cited pre-occupation and other professional engagements as their reason for leaving. The promoter directors' exits are noteworthy alongside the non-promoter additions.
The simultaneous exit of both Promoter Directors and the arrival of multiple new Independent and Professional Non-Executive Directors signals a meaningful board restructuring. While the shift toward a more independent board composition may be seen as a governance positive, the loss of promoter representation could raise questions about continuity and the family's future role in the company.