Advance Multitech Board Approves Capital Increase, Borrowing Limits, and Auditor Appointments

Advance Multitech Ltd held a Board of Directors meeting on September 1, 2026, approving several key corporate actions. The company plans to increase its authorized share capital from ₹5 Crore to ₹45 Crore, subject to shareholder approval. It also approved the issuance of warrants convertible into equity shares on a preferential basis. The board approved an increase in borrowing limits to ₹100 Crore and borrowing from directors up to ₹50 Crore, both subject to shareholder consent. Additionally, an alteration to the Main Object Clause of the MOA was approved. M/s Shailesh Bharwad & Associates were appointed as Internal Auditors for FY 2026-27, and M/s Rajesh J Shah & Associates were recommended as Statutory Auditors for a five-year term, pending shareholder approval. The appointment of Mr. Rahul Patel as an Additional Director, designated as Managing Director & Chairman, was also approved.