Avance Technologies Ltd — Updates, 29-04-2025: Company Update

Avance Technologies Limited has announced a board meeting where the Board of Directors approved raising up to Rs. 25 crore through the preferential allotment of convertible equity warrants. The specifics regarding potential allottees and terms of the issue are currently being finalized and will be communicated in due course. The convertible warrants can be converted into equity shares within 18 months of allotment, with any unconverted money being forfeited if the tenure lapses. This funding move is aimed at supporting the company's financial operations and growth initiatives.