Avance Technologies MD, chairman, board of directors and AGM
NSE: AVANCEBSE: 512149IT - SoftwareSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹0.64.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹119 Cr2,315th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 11 Aug 2026
- 8.4
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 29 May 2026
- 0.3
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 11 Aug 2026
- 3.6%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 11 Aug 2026
- 0.1%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 29 May 2026
- 0.42
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 1,11,10,68059.7% delivered
Avance Technologies board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.
- ChairpersonLATESH SUKUMAR KUMAR POOJARY
- Managing directorSANTOSH BABARAO HAMBARE
- Company Secretary and Compliance OfficerSneha Shrivastava
8 directors4 independent1 executive3 non-executive
- LATESH SUKUMAR KUMAR POOJARY · ChairpersonNon-executive · joined Jul 2025 · reappointed Jun 2026 · 1 listed board
- SANTOSH BABARAO HAMBARE · Managing directorExecutive · joined Jun 2026 · 2 listed boards
- DEEPAK YALLAPPA MANENon-executive · joined Sep 2019 · reappointed Sep 2024 · 1 listed board
- VASANT TUKARAM BHOIRNon-executive · joined Oct 2016 · reappointed Sep 2025 · 2 listed boards · 2 committee seats
- AKSHAY VIJAY NAWALEIndependent · joined Sep 2017 · reappointed Sep 2022 · 46 months as independent · 3 listed boards · 3 as independent · 6 committee seats, 5 as chair
- SHAKILA RAMJANSHA MAKANDARIndependent · joined Oct 2018 · reappointed Sep 2023 · 34 months as independent · 1 listed board · 1 as independent · 2 committee seats
- SANJAY ATMARAM DEVLEKARIndependent · joined Sep 2019 · reappointed Sep 2024 · 22 months as independent · 2 listed boards · 2 as independent · 1 committee seat, 1 as chair
- DIPAK SAMBHAJI GAIKWADIndependent · joined Jun 2026 · 0 months as independent · 1 listed board
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
1 director who left
- SRIKRISHNA SRIVENKATESWARCH BHAMIDIPATI, left 1 Jul 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 30 Jun 20266 of 6 present3 independent · 31 days in between
- 29 May 20266 of 6 present3 independent · 8 days in between
- 20 May 20266 of 6 present3 independent · 76 days in between
- 4 Mar 20266 of 6 present3 independent · 3 days in between
3 earlier meetings
- 28 Feb 20266 of 6 present3 independent · 14 days in between
- 13 Feb 20266 of 6 present3 independent · 8 days in between
- 4 Feb 20266 of 6 present3 independent
Audit Committee
Chair AKSHAY VIJAY NAWALE
SHAKILA RAMJANSHA MAKANDAR, VASANT TUKARAM BHOIR
- 30 Jun 20263 of 3 present2 independent · 31 days in between
- 29 May 20263 of 3 present2 independent · 8 days in between
- 20 May 20263 of 3 present2 independent · 95 days in between
- 13 Feb 20263 of 3 present2 independent
Nomination and remuneration committee
Chair AKSHAY VIJAY NAWALE
SHAKILA RAMJANSHA MAKANDAR, VASANT TUKARAM BHOIR
- 30 Jun 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair AKSHAY VIJAY NAWALE
SHAKILA RAMJANSHA MAKANDAR, VASANT TUKARAM BHOIR
- 29 May 20263 of 3 present2 independent · 104 days in between
- 13 Feb 20263 of 3 present2 independent
Risk Management Committee
Chair AKSHAY VIJAY NAWALE
SHAKILA RAMJANSHA MAKANDAR, VASANT TUKARAM BHOIR
- 13 Feb 20263 of 3 present2 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- M/s. A. Raghavendra Rao & AssociatesPeer-review certificate valid to Sep 2027
1 earlier auditor
- Rishi Sekhri and AssociatesNamed in the filing for the quarter to Mar 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Avance Technologies AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Avance Technologies share news and announcements
Annual general meeting, 29 Sep 2026
3,86,185 shareholders on the register on 22 Sep 2026; present: 0 promoters and 32 others; votes counted by Aarju Agrawal / Aarju Agrawal & Associates.The company's voting result (opens in a new tab)
To receive, consider and adopt the Standalone & Consolidated Audited Balance Sheet as at 31st March 2026, the Statement of Profit and Loss and Cash Flow Statement for the financial year ended 31st March 2026 together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
Ordinary99.54% for0.46% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.46%
Turnout: all 0.75% · promoters 0.00% · institutions 0.00% · other public 0.75%
- To appoint a director in place of Mr. Deepak Mane (DIN: 07984967) who retires by rotation and being eligible, offers himself for re-appointment.Ordinary99.43% for0.57% against
Against: promoters 0.00% · institutions 0.00% · other public 0.57%
Turnout: all 0.75% · promoters 0.00% · institutions 0.00% · other public 0.75%
- Appointment of M/s. A. Raghavendra Rao & Associates, Chartered Accountants (Firm Registration No. 003324S and Peer Review Certificate No. 018363) as Statutory Auditors of the CompanyOrdinary99.55% for0.45% against
Against: promoters 0.00% · institutions 0.00% · other public 0.45%
Turnout: all 0.75% · promoters 0.00% · institutions 0.00% · other public 0.75%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 14 Aug 2026, 3 resolutions
3,92,910 shareholders on the register on 26 Jun 2026; votes counted by Sidhi Maheshwari / SIDHI MAHESHWARI & ASSOCIATES.The company's voting result (opens in a new tab)
- To Approve the Appointment of M/s. A. Raghavendra Rao & Associates, Chartered Accountants (FRN: 003324S and PRC No.: 018363) as Statutory Auditors of the CompanyOrdinary97.86% for2.14% against
Against: promoters 0.00% · institutions 0.00% · other public 2.14%
Turnout: all 0.58% · promoters 0.00% · institutions 0.00% · other public 0.59%
- To approve the Appointment of Mr. Santosh Hambare (DIN:11523270) as Managing Director of the companySpecial97.84% for2.16% against
Against: promoters 0.00% · institutions 0.00% · other public 2.16%
Turnout: all 0.58% · promoters 0.00% · institutions 0.00% · other public 0.59%
- To approve the of appointment of Mr. Dipak Gaikwad (DIN: 11797117) as NonExecutive Independent Director of the CompanySpecial97.61% for2.39% against
Against: promoters 0.00% · institutions 0.00% · other public 2.39%
Turnout: all 0.58% · promoters 0.00% · institutions 0.00% · other public 0.58%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.