Management Change25 Aug 2026, 03:32 pm
Advance Multitech: MD & Directors Resign Effective Sep 1, 2026
AI Summary
Advance Multitech Ltd has announced the resignation of Mr. Arvind Vishwanath Goenka from his position as Managing Director, effective September 1, 2026. The company also disclosed the resignations of Mr. Hiral Rajeshkumar Shah (Additional Independent Director), Mr. Ravindrakumar Laljibhai Mehta (Additional Independent Director), Mr. Govind Ganpatlal Shah (Additional Director), and Mrs. Minaxi Govind Shah (Additional Director), all with effect from the same date. The reasons cited for Mr. Goenka's resignation include mutual exit and handling of other projects. Details as required by SEBI (LODR) Regulations, 2015, are enclosed in annexures.
Key Highlights
- Managing Director Arvind Vishwanath Goenka resigns effective September 1, 2026.
- Four other directors, including independent and additional directors, also resign.
- Resignations are effective from September 1, 2026.
- Reasons for MD's exit include mutual agreement and other projects.
- Company complies with SEBI LODR Regulations for disclosures.
Price Impact
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