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Avance Technologies Ltd. Interim / Quarterly Report 2026
63933_rns_2026-05-23_47d47549-4606-4a68-afcc-f57f7121e38e.pdf
Interim / Quarterly Report
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AVANCE
Date: 23rd May 2026
To,
Listing Compliances,
BSE Limited
P.J. Towers,
Fort, Mumbai 400 001.
Scrip Code : 512149
Scrip Id : AVANCE
Dear Sir/Madam,
Ref: Outcome of Board Meeting held on 13th February 2026 – Approval of Unaudited Financial Results for the Quarter and Nine Months Ended 31 December 2025.
Sub: Submission of Unaudited Financial Results alongwith Limited Review Report.
In reference to above subject, please find enclosed herewith the Standalone and Consolidated Unaudited Financial Results of the Company for the quarter and nine months ended 31st December 2025, together with the Limited Review Report issued by the Statutory Auditors of the Company.
You are requested to take the above cited information on your record.
Thanking you,
For Avance Technologies Limited
LATESH
SUKUMAR
KUMAR
POOJARY
Digitally signed by
LATESH SUKUMAR
KUMAR POOJARY
Date: 2026.05.23
13:59:46 +05'30'
Latesh Poojary
Managing Director
DIN: 10414863
Date: 23rd May 2026
Place: Mumbai
Avance Technologies Limited
CIN: L51900MH1985PLC035210
Reg. Off: 404, Corporate Annexe, Sonawala Road, Goregaon (East), Mumbai, Maharashtra – 400 063.
Phone No.: +91 9594988351 | Email: [email protected] | [email protected] | Website: www.avance.in
A. Raghavendra Rao & Associates
Chartered Accountants
C A INDIA
Flat No. SF-2, 2nd Floor, Sampurna Chambers,
No. 13, Vasavi Temple Street,
V. V. Puram, Basavanagudi,
Bengaluru-560004.
Ph: 080-26625335, +9194495-34815
Email: [email protected]
INDEPENDENT AUDITOR'S LIMITED REVIEW REPORT OF AVANCE TECHNOLOGIES LIMITED ON THE QUARTERLY AND YEAR TO DATE UNAUDITED STANDALONE FINANCIAL RESULTS
To,
The Management
AVANCE TECHNOLOGIES LIMITED
404, Corporate Annexe, Sonawala Road,
Goregaon (East), Mumbai,
Maharashtra, India, 400063
We have reviewed the accompanying Unaudited Standalone Financial Results of AVANCE TECHNOLOGIES LIMITED (“the Company”), which comprise the Balance Sheet as at 31st December 2025 and year to date from 01st April, 2025 to 31st December, 2025, the Statement of Profit and Loss and other relevant statements for the period then ended, and a summary of significant accounting policies and other explanatory information (collectively referred to as the “Quarterly Financial Statements”).
Management’s Responsibility
The preparation of these Quarterly Financial Statements is the responsibility of the Company’s Management, including the design, implementation, and maintenance of internal control relevant to the preparation and presentation of the financial statements statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standards 34, (Ind AS 34) “Interim Financial reporting” prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with the Regulation 33 of the listing Regulations.
Auditor's Responsibility
Our responsibility is to issue a report on these Quarterly Financial Statements based on our limited review. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, Engagements to Review Financial Statements issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement.
A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
Conclusion
Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Quarterly Financial Statements are not prepared, in all material respects, in accordance with the applicable accounting standards and other recognized accounting practices. Furthermore, as per the information provided by the management, nothing has come to our attention that causes us to believe that the Company has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed.
Restriction on Use
This report has been prepared exclusively for the internal use of the Management. Accordingly, this report should not be used, circulated, quoted, or distributed for any other purpose or to any other parties without our prior written consent.
For A. Raghavendra Rao & Associates.,
Chartered Accountants
Firm Reg No: 003324S
CA G. Sathyanarayana
Partner
M.No: 205603
UDIN: 26205603PGSBCL5396
Place: Bengaluru
Date: 21-05-2026
AVANCE
| AVANCE TECHNOLOGIES LIMITED |
|---|
| CIN: L51900MH1985PLC035210 |
| Regd. Off.: 404, Corporate Annexe, Sonawala Road, Goregaon (East), Mumbai, Maharashtra - 400 063. |
| Phone: +91 86558 65985 |
| STATEMENT OF STANDALONE UN-AUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31.12.2025 |
| Sr. No. |
| 3 months ended |
| 31.12.2025 |
| (Un-Audited) |
| 1 |
| 2 |
| 3 |
| 4 |
| 5 |
| 6 |
| 7 |
| 8 |
| 9 |
| 10 |
| 11 |
Avance Technologies Limited
CIN: L51900MH1985PLC035210
Reg. Off: 404, Corporate Annexe, Sonawala Road, Goregaon (East), Mumbai, Maharashtra - 400 063.
Phone No.: +91 9594988351 | Email: [email protected] | [email protected] | Website: www.avance.in
AVANCE
| 12 | Other Comprehensive Income/(Loss) | ||||||
|---|---|---|---|---|---|---|---|
| A) (i) Amount of items that will not be reclassified to profit or loss | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| (ii) Income tax relating to items that will not be reclassified to profit or loss | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| B.) (i) Amount of items that will be reclassified to profit or loss | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| (ii) Income tax relating to items that will not be reclassified to profit or loss | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 13 | Total Comprehensive income for the period (comprising profit/loss) and other comprehensive income for the period) (8-11-12) | 89.58 | 88.07 | 10.95 | 231.78 | 245.16 | 207.35 |
| Paid -up Equity Share Capital (Face Value of Re. 1/- each) | 19,819.17 | 19,819.17 | 19,819.17 | 19,819.17 | 19,819.17 | 19,819.17 | |
| 14 | Earnings Per Share (For continuing operations) | ||||||
| (a) Basic | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | |
| (b) Diluted | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 |
For Avance Technologies Limited
Date: 13th February, 2026
Place: Mumbai
Avance Technologies Limited
CIN: L51900MH1985PLC035210
Reg. Off: 404, Corporate Annexe, Sonawala Road, Goregaon (East), Mumbai, Maharashtra – 400 063.
Phone No.: +91 9594988351 | Email: [email protected] | [email protected] | Website: www.avance.in
A. Raghavendra Rao & Associates
Chartered Accountants
C A INDIA
Flat No. SF-2, 2nd Floor, Sampurna Chambers,
No. 13, Vasavi Temple Street,
V. V. Puram, Basavanagudi,
Bengaluru-560004.
Ph: 080-26625335, +9194495-34815
Email: [email protected]
INDEPENDENT AUDITOR'S LIMITED REVIEW REPORT OF AVANCE TECHNOLOGIES LIMITED ON THE QUARTERLY AND YEAR TO DATE UNAUDITED CONSOLIDATED FINANCIAL RESULTS
To,
The Management
AVANCE TECHNOLOGIES LIMITED
404, Corporate Annexe, Sonawala Road,
Goregaon (East), Mumbai,
Maharashtra, India, 400063
We have reviewed the accompanying Unaudited Consolidated Financial Results of AVANCE TECHNOLOGIES LIMITED (“the Holding Company”), and its Subsidiaries (“the Holding and its Subsidiary referred to as “the Group”) which comprise the Balance Sheet as at 31st December 2025 and year to date from 01st April, 2025 to 31st December, 2025, the Statement of Profit and Loss and other relevant statements for the period then ended, and a summary of significant accounting policies and other explanatory information (collectively referred to as the “Quarterly Financial Statements”).
This Statement includes the results of the following entities:
- Avance Ventures Private Limited
- Verticore Technologies Private Limited
- Avance Platforms Private Limited
Management’s Responsibility
The preparation of these Quarterly Financial Statements is the responsibility of the Holding Company’s Management, including the design, implementation, and maintenance of internal control relevant to the preparation and presentation of the financial statements in accordance with the recognition and measurement principles laid down in Indian Accounting Standards 34, (Ind AS 34) “Interim Financial reporting” prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with the Regulation 33 of the listing Regulations.
Auditor's Responsibility
Our responsibility is to issue a report on these Quarterly Financial Statements based on our limited review. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, Engagements to Review Financial Statements issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement.
A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
Conclusion
Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Quarterly Financial Statements are not prepared, in all material respects, in accordance with the applicable accounting standards and other recognized accounting practices. Furthermore, as per the information provided by the management, nothing has come to our attention that causes us to believe that the Company has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed.
Restriction on Use
This report has been prepared exclusively for the internal use of the Management. Accordingly, this report should not be used, circulated, quoted, or distributed for any other purpose or to any other parties without our prior written consent.
For A. Raghavendra Rao & Associates.,
Chartered Accountants
Firm Reg No: 003324S
G Sathyanarayana
Partner
MRN: 205603
UDIN: 26205603AIEDCP2074
Place: Bengaluru
Date: 21-05-2026
AVANCE
| AVANCE TECHNOLOGIES LIMITED |
|---|
| CIN: L51900MH1985PLC035210 |
| Regd. Off.: 404, Corporate Annexe, Sonawala Road, Goregaon (East), Mumbai, Maharashtra - 400 063. |
| Phone: +91 86558 65985 |
| STATEMENT OF STANDALONE UN-AUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31.12.2025 |
| Sr. No. |
| 3 months ended |
| 31.12.2025 |
| (Un-Audited) |
| 1 |
| 2 |
| 3 |
| 4 |
| 5 |
| 6 |
| 7 |
| 8 |
| 9 |
Avance Technologies Limited
CIN: L51900MH1985PLC035210
Reg. Off: 404, Corporate Annexe, Sonawala Road, Goregaon (East), Mumbai, Maharashtra - 400 063.
Phone No.: +91 9594988351 | Email: [email protected] | [email protected] | Website: www.avance.in
AVANCE
| AVANCE TECHNOLOGIES LIMITED |
| --- |
| CIN: L51900MH1985PLC035210 |
| Regd. Off.: 404, Corporate Annexe, Sonawala Road, Goregaon (East), Mumbai, Maharashtra - 400 063. |
| Phone: +91 86558 65985 | Website: www.avance.in | Email: [email protected]/ [email protected] |
| STATEMENT OF STANDALONE UN-AUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31.12.2025 |
| | (Amount in Lakhs) |
| Sr.
No. | Particulars | Consolidated |
| 3 months
ended | Preceding 3
months ended | Corresponding
g 3 months
ended in the
previous
year | 9 months
ended | Corresponding
g 9 months
ended in the
previous year | Previous
year ended |
| 31.12.2025
(Un-Audited) | 30.09.2025
(Un-Audited) | 31.12.2024
(Un-Audited) | 31.12.2025
(Un-Audited) | 31.12.2024
(Un-Audited) | 31.03.2025
(Audited) |
| 10 | Tax Expenses of discontinued operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 11 | Profit/ (Loss) for a period from dis -continuing operations (after tax) (9-10) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 12 | Other Comprehensive Income/ (Loss) | | | | | | |
| | A) (i) Amount of items that will not be reclassified to profit or loss | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| | (ii) Income tax relating to items that will not be reclassified to profit or loss | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| | B.) (i) Amount of items that will be reclassified to profit or loss | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| | (ii) Income tax relating to items that will not be reclassified to profit or loss | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 13 | Total Comprehensive income for the period (comprising profit/loss) and other comprehensive income for the period) (8-11-12) | 201.40 | (77.08) | 174.24 | 286.38 | 666.48 | 530.24 |
| | Paid-up Equity Share Capital (Face Value of Rs. 1/- each) | 19,819.17 | 19,819.17 | 19,819.17 | 19,819.17 | 19,819.17 | 19,819.17 |
| 14 | Earnings Per Share (For continuing operations) | | | | | | |
| | (a) Basic | 0.01 | 0.00 | 0.01 | 0.01 | 0.03 | 0.03 |
| | (b) Diluted | 0.01 | 0.00 | 0.01 | 0.01 | 0.03 | 0.03 |
For Avance Technologies Limited
Latesh Panjary
Managing Director
DIN: 10414003
Date: 13th February, 2026
Place: Mumbai
Avance Technologies Limited
CIN: L51900MH1985PLC035210
Reg. Off: 404, Corporate Annexe, Sonawala Road, Goregaon (East), Mumbai, Maharashtra - 400 063.
Phone No.: +91 9594988351 | Email: [email protected] | [email protected] | Website: www.avance.in
AVANCE
NOTES:
-
The Standalone and Consolidated Un-audited Financial Results were reviewed and recommended by the Audit Committee, and thereafter, approved by the Board of Directors of the Company, at their respective meeting held on 13th February, 2026. However, due to the critical medical condition of Statutory Auditor, we are currently unable to submit the LLR together with the Unaudited Financial Statements. The Company will submit Limited Review Report at the earliest available opportunity.
-
Pursuant to regulation 33(3)(b) of SEBI (LODR) Regulations, 2015, the Company has prepared Standalone and Consolidated Un-audited Financial Results for quarter and nine months ended on 31st December, 2025.
-
The statement has been prepared in accordance with the Companies (Indian Accounting Standard) Rules, 2015 (Ind AS) prescribed under section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable.
-
As the Company’s business activity falls within a single primary business segment, the segment wise reporting as per Ind AS 108 is not applicable to the company.
-
Provision for taxes, if any, shall be made at the end of the year.
-
Previous period figures have been re-grouped and re-classified wherever necessary.
For Avance Technologies Limited
Date: 13th February, 2026
Place: Mumbai
Avance Technologies Limited
CIN: L51900MH1985PLC035210
Reg. Off: 404, Corporate Annexe, Sonawala Road, Goregaon (East), Mumbai, Maharashtra – 400 063.
Phone No.: +91 9594988351 | Email: [email protected] | [email protected] | Website: www.avance.in