Advance Multitech Ltd
📊 Advance Multitech Ltd Board approves major capital restructuring & leadership changes
- Authorized capital raised from Rs. 5,00,00,000 to Rs. 45,00,00,000
- Up to 4,00,00,000 warrants at Rs. 10 each, aggregate Rs. 40,00,00,000
- Borrowing limit enhanced up to Rs. 100 Crores
- Borrowing from directors up to Rs. 50 Crores
- Main Object Clause altered to include spices & agricultural commodities
- Rahul Ashokbhai Jain appointed MD & Chairman for 5 years
- Sumita Rahul Jain appointed CFO from Sep 1, 2026
- Appointed: 2 Executive Directors, 3 Independent Directors from Sep 1, 2026
- Resignations of CFO, MD, and four directors effective Sep 1, 2026