Advance Multitech Ltd CFO Resigns; Board Approves Capital Increase

Advance Multitech Ltd announced the resignation of its Chief Financial Officer, Mr. Pulkit Goenka, effective September 1, 2026. The company's Board of Directors also convened a meeting on the same date, approving significant corporate actions. These include an increase in authorized share capital from ₹5 Crore to ₹45 Crore, and the issuance of up to 4 Crore warrants convertible into equity shares on a preferential basis. Additionally, the board approved an increase in borrowing limits up to ₹100 Crore and borrowing up to ₹50 Crore from directors, subject to shareholder approval. The company also approved alterations to its Memorandum of Association, appointed internal and statutory auditors, and approved the appointment of a new Managing Director & Chairman.