Advance Multitech Revises Board Outcome on Capital & Warrants
Advance Multitech Ltd has submitted a revised outcome of its Board Meeting held on September 01, 2026, to correct inadvertent errors. The authorized share capital was revised from ₹45 Crore to ₹15 Crore. Additionally, the preferential issue of warrants was corrected to 1 Crore warrants at ₹40 per warrant, instead of 4 Crore warrants at ₹10 per warrant. The company stated these corrections do not materially impact its financial position. The board also approved an increase in borrowing limits up to ₹100 Crores and borrowing from directors up to ₹50 Crores, subject to shareholder approval. An alteration to the Main Object Clause of the MOA was also considered.
Key Highlights
- Revised authorized share capital from ₹45 Cr to ₹15 Cr.
- Corrected preferential issue of 1 Cr warrants at ₹40 each.
- Increased borrowing limits to ₹100 Cr, subject to shareholder nod.
- Approved borrowing up to ₹50 Cr from directors.
- Considered alteration of Memorandum of Association main object clause.
Price Impact
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