Company Update

Avance Technologies has announced the passing of Mr. Srikrishna Bhamidipati, its Promoter, Chairman, and Managing Director, who held 1.35 crore equity shares (0.68% stake). Appointed Managing Director since 2002, his leadership significantly benefited the company.

His sudden demise marks an irreparable loss, and he will cease to be a promoter.

This change impacts the company’s leadership and promoter shareholding, which stakeholders should monitor closely.