The Board of Directors of the Company in their meeting held today, 17th October 2025 have considered and approved the appointment of Directors and have also taken on record resignation ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
On 17th October 2025, the board of Advance Multitech Ltd approved the appointment of five new directors: Mr. Govind Shah and Mrs. Minaxi Shah as Professional Non-Executive Directors, and Mr. Chintan Shah, Mr. Ravindra Mehta, and Mr. Hiral Shah as Independent Directors. At the same meeting, the board accepted the resignations of four directors - Independent Directors Mr. Nishit Popat and Ms. Priyanka Gola, and Promoter Directors Mr. Himanshubhai Shukla and Ms. Aanchal Arvind Goenka. All four outgoing directors cited personal pre-occupation and other professional commitments as the reason for stepping down, with no other material reasons disclosed. This is a substantial overhaul of the small-cap company's board, replacing four directors with five new ones in a single sitting. Managing Director Arvind Vishwanath Goenka continues in his role.
A large simultaneous board turnover, including the exit of both promoter directors and two independent directors, points to significant governance restructuring at Advance Multitech. Retail investors should seek clarity on the backgrounds and independence of the new appointees, particularly the Shah family members who joined together as 'Professional' category directors.