Advance Metering Technology Limited has passed a resolution via circulation on May 1, 2025, covering significant changes to its board and committees. The key highlights include the appointment of Mr. Aman Marodia (DIN: 08794697) as an Additional Director in the category of Non-Executive Independent Director, effective from May 3, 2025, for a term of five years, subject to shareholder approval. Mr. Marodia has over five years of experience as a Chartered Accountant and holds significant qualifications, including being a Registered Valuer under IBBI.

In addition, the retirement of Mrs. Priya Somaiya (DIN: 07173195) as an Independent Director has been confirmed, as her second term of five years comes to an end on May 4, 2025. This marks the conclusion of her tenure with the company.

The Board also approved the reconstitution of several committees:

1. Audit Committee:

   • Before: Priya Somaiya (Chairperson), Anil Kumar Rustogi (Member), Prashant Ranade (Member)

   • After: Anil Kumar Rustogi (Chairperson), Prashant Ranade (Member), Aman Marodia (Member)

2. Nomination and Remuneration Committee:

   • Before: Priya Somaiya (Chairperson), Roopali Mittal (Member), Anil Kumar Rustogi (Member)

   • After: Anil Kumar Rustogi (Chairperson), Roopali Mittal (Member), Aman Marodia (Member)

3. Stakeholders Relationship Committee:

   • Before: Priya Somaiya (Chairperson), Pranav Kumar Ranade (Member), Prashant Ranade (Member)

   • After: Anil Kumar Rustogi (Chairperson), Pranav Kumar Ranade (Member), Prashant Ranade (Member)

The changes are set to take effect on May 4, 2025. This restructuring aligns with the company's growth strategies and governance requirements, enhancing its oversight and stakeholder engagement. All these changes were discussed and approved by the board, in line with the provisions of the SEBI Listing Regulations.

The appointment and reconstitution of committees reflect the ongoing efforts of Advance Metering Technology Limited to maintain strong corporate governance practices, in compliance with SEBI’s regulatory frameworks.

This announcement follows the guidelines under SEBI’s (Listing Obligations and Disclosure Requirements) Regulations, 2015, as well as the SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, which requires such intimations to be shared promptly. Further details about the appointees and the committees are provided in the accompanying Annexure-I.

The Upcoming IPOs in this week and coming weeks are Srigee DLM, Manoj Jewellers.

The Current active IPO are Wagons Learning, Kenrik Industries, Arunaya Organics.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.