Advance Multitech Plans 4 Cr Warrants on Preferential Basis

Advance Multitech Ltd's Board of Directors has approved the issuance of up to 4,00,00,000 warrants convertible into equity shares on a preferential basis. This move is subject to shareholder and other necessary approvals. The company also proposed to increase its authorized share capital from ₹5 crore to ₹45 crore and approved an increase in borrowing limits up to ₹100 crore. Additionally, the board approved borrowing up to ₹50 crore from directors and appointed new internal and statutory auditors.