Advance Multitech Ltd Recommends New Statutory Auditors for 5 Years

Advance Multitech Ltd announced that its Board of Directors, based on the Audit Committee's recommendation, has approved the appointment of M/s. Rajesh J Shah & Associates, Chartered Accountants, as the company's Statutory Auditors. This appointment is for a term of five consecutive years, commencing from the conclusion of the 47th AGM until the conclusion of the 52nd AGM in 2031, subject to shareholder approval. The board also discussed and approved significant agenda items including an increase in authorized share capital, issuance of warrants, and increased borrowing limits, all subject to shareholder and regulatory approvals.