StockWatch
·
Plastic Products - Industrial
Board Meeting4 Sept 2026, 07:01 pm

Advance Multitech Revises Board Outcome, Corrects Share Capital & Warrant Issue

AI Summary

Advance Multitech Ltd has submitted a revised outcome of its Board Meeting held on September 1, 2026, to correct inadvertent errors in the initial filing. The company clarified that the authorized share capital increase is to ₹15 Crore (1.5 Crore shares) from the previously stated ₹45 Crore. Additionally, the preferential issue of warrants has been corrected to 1 Crore warrants at ₹40 per warrant, instead of 4 Crore warrants at ₹10 per warrant. The company stated these corrections have no material impact on its financial position and requested the revised outcome be treated as a replacement.

Key Highlights

  • Revised authorized share capital to ₹15 Crore from ₹45 Crore.
  • Preferential issue corrected to 1 Crore warrants at ₹40 each.
  • Board meeting held on September 1, 2026, outcome revised.
  • Corrections deemed to have no material financial impact.
  • Increase in borrowing limits up to ₹100 Crores approved.