Nature of the Disclosure

This is a regulatory filing pursuant to SEBI Listing Regulations (Regulation 30) and the Companies Act, 2013, submitting a Postal Ballot Notice to shareholders for approval of three resolutions via remote e-voting.

Key Resolutions for Shareholder Approval

1. Item No. 1 - Appointment of Statutory Auditors (Ordinary Resolution): To approve the appointment of M/s. A. Raghavendra Rao & Associates, Chartered Accountants (FRN: 003324S, PRC No.: 018363), as Statutory Auditors. This is to fill a casual vacancy caused by the resignation of the previous auditors, M/s. Rishi Sekhri & Associates (FRN: 128216W), who resigned on 24th April 2026 citing significant medical conditions. The appointment is for the remainder of the term until the conclusion of the next Annual General Meeting (AGM) for FY 2025-26. The remuneration is to be mutually agreed upon by the Board and the auditors.

2. Item No. 2 - Appointment of Managing Director (Special Resolution): To approve the appointment of Mr. Santosh Hambare (DIN: 11523270) as Managing Director for a period of 5 years, effective from 30th June 2026. His proposed remuneration is up to ₹5,00,000 per annum, plus applicable taxes. The resolution includes provisions for paying this as minimum remuneration in case of absence or inadequacy of profits, subject to Schedule V of the Companies Act. Mr. Hambare will not be liable to retire by rotation and will not receive sitting fees for board meetings.

3. Item No. 3 - Appointment of Independent Director (Special Resolution): To approve the appointment of Mr. Dipak Gaikwad (DIN: 11797117) as a Non-Executive Independent Director for a term of 5 years, from 30th June 2026 to 29th June 2031. He was initially appointed as an Additional Director on 30th June 2026 and has submitted a declaration of independence.

E-Voting and Postal Ballot Process Details

The remote e-voting process for these resolutions is being facilitated by National Securities Depository Limited (NSDL).

  • E-voting Commencement: Thursday, 16th July 2026 at 9:00 A.M. IST
  • E-voting Conclusion: Friday, 14th August 2026 at 5:00 P.M. IST
  • Cut-off Date for Eligibility: Friday, 26th June 2026
  • Scrutinizer: M/s. Sidhi Maheshwari & Associates, Practicing Company Secretaries (Firm Registration No. S2023RJ898900), have been appointed to scrutinize the voting process.
  • Result Declaration: The results, along with the scrutinizer's report, will be announced on or before Tuesday, 18th August 2026, and will be placed on the company's website (www.avance.in).
  • Deemed Passing Date: If approved, the resolutions will be deemed to have been passed on Friday, 14th August 2026.

Financial and Operational Context (From Explanatory Statement)

The document provides financial data for context regarding the Managing Director's appointment:

  • Total Income: ₹10,108.23 Lakhs (Mar-2026) vs. ₹5,793.18 Lakhs (Mar-2025)
  • Net Profit: ₹1,259.04 Lakhs (Mar-2026) vs. ₹207.36 Lakhs (Mar-2025)
  • Paid-up Capital: ₹19,819.17 Lakhs (consistent for Mar-2024, 2025, 2026)
  • Reserves & Surplus: ₹18,982.02 Lakhs (Mar-2026) vs. ₹17,722.99 Lakhs (Mar-2025)

The company operates in the Information Technology and Digital Infrastructure industry.

Director Details

  • Mr. Santosh Hambare: Holds one other directorship in Aris International Limited (CIN: L29130MH1995PLC249667). He is an accounting professional with expertise in financial accounting and compliance.
  • Mr. Dipak Gaikwad: Holds no other directorships. His expertise is listed as corporate governance, strategic management, and risk management.