Pursuant to Provisions of Reg 30 and 33 of SEBI (LODR) Regulations, 2015 the meeting of the Board of Directors of the Company was held today i.e Thursday, 14th August, 2025 at the registered ....
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Avance Technologies reported its Q1 FY26 (quarter ended 30 June 2025) unaudited results. On a standalone basis, revenue from operations jumped to Rs. 25.21 crore from Rs. 4.23 crore in the same quarter last year, a roughly six-fold rise, with profit after tax of Rs. 54.13 lakh versus Rs. 40.02 lakh earlier. On a consolidated basis, however, revenue declined to Rs. 37.42 crore from Rs. 46.86 crore year-on-year, and consolidated PAT fell to Rs. 1.62 crore from Rs. 2.19 crore. The Board also approved a rights issue of fully paid-up equity shares worth up to Rs. 49.90 crore to existing shareholders, and redesignated Mr. Latesh Poojary as Chairman and Managing Director, subject to shareholder approval. The statutory auditor has carried out a limited review of the results.
The mixed picture — strong standalone growth but softer consolidated numbers — combined with a Rs. 49.90 crore rights issue may dilute existing shareholders and put short-term pressure on the stock. Investors should watch the rights issue price, record date, and whether the consolidated business can recover growth in coming quarters.