Avance Technologies Ltd — Updates, 16-07-2025: Company Update

Avance Technologies Limited's Board has approved signing a non-binding term sheet for the proposed acquisition of Checkers India Technology Private Limited. Checkers India, operating as www.Excess2Sell.com, is a leading tech-enabled B2B inventory liquidation marketplace in India. This strategic move aims to expand Avance's business footprint. The potential acquisition remains subject to successful due diligence, finalization of definitive agreements, and necessary regulatory and other approvals. Shareholders should watch for further updates as material developments occur.