Avance Technologies Holds 41st Annual General Meeting: Key Outcomes; Share Price in Focus

Avance Technologies Limited successfully held its 41st Annual General Meeting (AGM) through Video Conferencing (VC) and Other Audio-Visual Means (OAVM). The meeting saw participation from directors, auditors, and shareholders to discuss key company developments, financial statements, and upcoming strategic decisions.

Avance Technologies 41st AGM Overview

The AGM was held on September 29, 2025, and was chaired by Mr Deepak Mane, the Non-Executive Director and Chairman of the meeting. As the meeting was held virtually, the facility of appointing proxies was unavailable except for corporate shareholders. The meeting was attended by various members of the board and senior management, including independent directors, auditors, and the scrutinizer for voting processes.

The AGM agenda included discussing the audited financial results for the year ending March 31, 2025, and the reappointment of key directors, as well as the approval of the appointment of a new managing director for the company.

Avance Technologies Agenda and Resolutions Passed

The AGM covered several important resolutions, as outlined in the AGM notice issued on September 5, 2025. Key resolutions included:

• Approval of the Standalone & Consolidated Audited Financial Statements for FY 2024-25.
• Reappointment of Mr Vasant Tukaram Bhoir as Director, who retires by rotation.
• Appointment of Ms Sidhi Maheshwari & Associates as Secretarial Auditor for five consecutive years.
• Regularisation of Mr Latesh Poojary’s appointment as a Director.
• Appointment of Mr Latesh Poojary as the Managing Director of the company.

The resolutions were put forward to the shareholders, who were also provided with an e-voting option. Voting through remote e-voting began on September 26, 2025, and continued until September 28, 2025. Shareholders who hadn’t cast their votes earlier were given 15 minutes after the AGM to participate in the electronic voting process.

Read More: Avance Technologies Share Price Hits 52 Week High; Here Is Why!

Results and Conclusion of the AGM

All resolutions were passed, and the results of the e-voting process were confirmed. The meeting concluded at 12:10 PM IST with a vote of thanks to all attendees. The results of the votes will be shared with the stock exchanges and published on the company’s website.

Avance Technologies Limited Share Price Performance

On September 30, 2025, Avance Technologies share price opened at ₹2.83 on BSE, above the previous close of ₹2.78. During the day, it surged to ₹2.83 and dipped to ₹2.83. The stock is trading at ₹2.83 as of 11:12 AM. The stock registered a moderate gain of 1.80%.

Over the past week, it has moved up by 7.60%, over the past month, it has moved up by 42.93%, and over the past 3 months, it has moved up by 229.07%.

Conclusion

The 41st AGM of Avance Technologies was a success, with key resolutions passed, including the reappointment of directors and the appointment of a new managing director. The company continues to align its leadership to drive future growth, and shareholders were engaged in the decision-making process through electronic voting.

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