A meeting of the Board of Directors of Advance Multitech Limited was held on Tuesday, 11th August 2026, commencing at 05:00 p.m. and concluding at 06:20 p.m. at the company's registered office at 36, Kothari Market, Opp. Hirabhai Market, Kankaria, Ahmedabad - 380 022.

The Board considered and approved the following agenda items:

1. Approval of Standalone Unaudited Financial Results for Q1 FY2027

In compliance with Regulation 33 of the SEBI (LODR) Regulations, 2015, the Board approved the Standalone Unaudited Financial Results for the quarter ended 30th June 2026 (Q1 FY2027). The results were reviewed by the Audit Committee and the Statutory Auditors, M/s Suresh R Shah & Associates, carried out a limited review and expressed an unqualified opinion.

Key Financial Figures (Standalone, in ₹ Lakh):

  • Total Income: ₹486.72 lakh (Q1 FY2027) vs. ₹5.52 lakh (Q1 FY2026)
  • Revenue from Operations: ₹0.00 lakh (Q1 FY2027) vs. ₹5.52 lakh (Q1 FY2026)
  • Other Income: ₹486.72 lakh (Q1 FY2027) vs. ₹0.00 lakh (Q1 FY2026)
  • Total Expenses: ₹20.53 lakh (Q1 FY2027) vs. ₹41.56 lakh (Q1 FY2026)
  • Profit/(Loss) before tax: ₹466.19 lakh Profit (Q1 FY2027) vs. ₹(42.05) lakh Loss (Q1 FY2026)
  • Tax Expense: ₹38.30 lakh (Current Tax Provision) (Q1 FY2027) vs. ₹0.00 lakh (Q1 FY2026)
  • Net Profit/(Loss) after tax: ₹427.89 lakh Profit (Q1 FY2027) vs. ₹(42.05) lakh Loss (Q1 FY2026)
  • Earnings Per Share (Basic & Diluted): ₹10.62 (Q1 FY2027)
  • Paid-up Equity Share Capital: ₹402.86 lakh (Face Value: ₹10.00 per share)

2. Resignation of Statutory Auditors

The resignation was tendered on 11th August 2026 and is effective immediately from that date. The stated reason for resignation, as provided by the auditor, is that "the remuneration presently payable to us is not commercially viable in relation to the scope of work, effort and professional resource required to be deployed for the audit."

Auditor Details:

  • Name: M/s Suresh R Shah & Associates
  • Address: Office No. 416-417, Block-B, 4th Floor, AWS-3, Nr. Gandhi Labour Institute, Gurukul Metro Road, Ahmedabad-380052
  • Partner: Mrugen K Shah (Membership No.: 117412)
  • Date of Original Appointment: 22/05/2018
  • Scheduled Term Expiry: 31/03/2027
  • Latest Submitted Report: Limited Review Report for the quarter ended 30th June 2026, submitted on 11/08/2026.

The auditor confirmed in their resignation letter and a subsequent disclosure (Annexure A) that there are no other material reasons for the resignation and that no concerns were raised with the Audit Committee or Board prior to resigning.

The company has submitted the required information to BSE Limited as per the applicable SEBI regulations.