Management Change14 Apr 2026, 09:10 am
Advance Metering: Chairman Pranav Ranade passes away, held 5.32% stake
AI Summary
Advance Metering Technology Ltd announced the sudden demise of Mr. Pranav Kumar Ranade on April 13, 2026. Mr. Ranade served as the Promoter, Chairman, and Whole Time Director, having been appointed to the latter roles on November 9, 2023. He held a significant stake of 854,635 shares, amounting to 5.32% of the company. The company expressed deep sorrow, stating his unexpected passing is an irreparable loss. Following his demise, he will cease to be part of the promoter/promoter group in compliance with SEBI regulations.
Key Highlights
- Advance Metering's Chairman and Whole Time Director, Pranav Kumar Ranade, passed away.
- Mr. Ranade held 854,635 shares, representing a 5.32% stake in the company.
- He will cease to be part of the promoter group as per SEBI regulations.
- His sudden demise is considered an irreparable loss to the company.