Announced Mon, 13 Jul · 15:05 IST
Postal ballot: new auditor, Managing Director and Independent Director
Board & Shareholder Meetings View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-4.2%1-day move
₹0.95
prior close
₹0.93
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.1+0.0+0.0—-4.2-4.2-2.1-1.1-3.2-4.2————
Up moveDown movePending
AI summary
Avance Technologies is sending a postal ballot for shareholder approval of three items: (1) appoint A. Raghavendra Rao and Associates as statutory auditors, replacing the one who resigned 24 April 2026; (2) appoint Mr. Santosh Hambare as Managing Director for 5 years (from 30 June 2026) with pay up to Rs 5 lakh per year; (3) appoint Mr. Dipak Gaikwad as Non-Executive Independent Director for 5 years. E-voting: 16 July to 14 August 2026.
Likely market impact
Vote on three items via e-voting from 16 July to 14 August 2026. New auditor fills a casual vacancy; new MD and Independent Director join the board.