Submission of Secretarial Compliance Report for the year ended 31st March 2025
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Avance Technologies Ltd submitted its Annual Secretarial Compliance Report to BSE on 29th May 2025, as required under Regulation 24A of SEBI LODR Regulations. The report was issued by Megha Khandelwal & Associates, Practicing Company Secretaries, after reviewing the company's compliance with SEBI regulations, the Companies Act, and applicable Secretarial Standards for FY 2024-25. The Practicing Company Secretary reported no reportable observations or non-compliances, confirming compliance across all 13 areas examined including secretarial standards, policies, website disclosures, director disqualification, related party transactions, insider trading, and event disclosures. The report also noted that during the year the company incorporated two new wholly-owned subsidiaries — Avance Platforms Private Limited and Verticore Technologies Private Limited — with timely intimation made to the stock exchange under Regulation 30.
This is a routine compliance filing with no adverse findings, indicating the company met its SEBI listing obligations cleanly during FY25 and poses no immediate risk or positive catalyst for shareholders. The incorporation of two new subsidiaries signals ongoing business expansion, though their future performance will determine any real impact on shareholder value.