Pursuant to Regulation 30 of the SEBI(Listing Obligation and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of Avance Technologies Limited, ....
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Awaiting price reaction for this filing.
Avance Technologies Limited's Board of Directors, at a meeting held on July 16, 2025, approved entering into a non-binding term sheet for the proposed acquisition of Checkers India Technology Private Limited, which operates Excess2Sell.com — described as a leading tech-enabled B2B inventory liquidation marketplace in India. The acquisition is currently at a preliminary stage and remains subject to completion of due diligence, negotiation of definitive agreements, and receipt of necessary regulatory and other approvals. No financial details such as deal value, consideration mix, or stake percentage have been disclosed at this stage. The company has stated it will make further disclosures as and when material developments occur.
This is an early-stage, non-binding announcement, so it is not yet a confirmed deal. If completed, it could diversify Avance Technologies into the B2B inventory liquidation space, but shareholders should wait for definitive terms before drawing conclusions. Short-term stock price reaction is likely to be modest given the preliminary nature of the disclosure.