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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Avance Technologies Ltd

Avance Technologies Ltd: Board Appoints New MD & CFO, Re-designates Former MD

MANAGEMENT ▲ Positive Development LOW RISK
📅 Filed on BSE: 30 Jun 2026, 04:28 PM IST  ·  BSE ID: d52648da-136a-49a6-9861-840278178a37
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's board has appointed a new Managing Director and CFO, while the former MD will now serve as a Non-Executive Director.
🤖 AI Summary
  • Avance Technologies appointed Santosh Hambare as Managing Director and CFO on June 30, 2026.
  • Latesh Poojary's designation changed from Managing Director to Non-Executive Director.
  • Dipak Gaikwad appointed as an additional Non-Executive and Independent Director.
  • Appointments are effective June 30, 2026, with MD/CFO role subject to member approval.
🏢 How This Affects the Company
⚙️
Operational Impact
The appointments signal a shift in the company's leadership structure and operational direction with new individuals taking key executive roles.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders at this time.
👤
Who Is Affected
All shareholders are affected by changes in the company's key leadership personnel.
🔍
Management Signal
The board's decision reflects a strategic move to bring in new leadership for the Managing Director and CFO positions.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Shareholder approval for new MD and CFO appointments.
Subsequent board meetings and strategic announcements.
Company's financial performance under new leadership.
LOW RISK This filing concerns routine management changes and director appointments, with no immediate financial or operational risks flagged.
💡 Investor Takeaway
Avance Technologies Ltd has reshuffled its top management with Santosh Hambare appointed as Managing Director and CFO, and Latesh Poojary moving to a Non-Executive Director role.
❓ Frequently Asked Questions
Who has been appointed as the new Managing Director of Avance Technologies Ltd?
Mr. Santosh Hambare has been appointed as the Managing Director of Avance Technologies Ltd, effective June 30, 2026.
What is the designation change for Mr. Latesh Poojary at Avance Technologies Ltd?
Mr. Latesh Poojary's designation has changed from Managing Director to Non-Executive Director of Avance Technologies Ltd.
Who is the new Chief Financial Officer of Avance Technologies Ltd?
Mr. Santosh Hambare has also been appointed as the Chief Financial Officer of Avance Technologies Ltd, effective June 30, 2026.
When was the Avance Technologies Ltd board meeting held to approve these changes?
The board meeting of Avance Technologies Ltd to approve these changes was held on Tuesday, June 30, 2026.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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