Avance Technologies News

Avance Technologies to Acquire AI Platform Pushpak AI

Avance Technologies Limited signs non-binding term sheet to acquire up to 100% stake in Hyderabad-based computer vision AI platform Pushpak AI, marking entry into high-growth visual intelligence sector.

Avance Technologies Reports Q1 Results, Appoints New Chairman and Plans Rs 49.90 Crore Rights Issue

Avance Technologies Limited announced its unaudited financial results for the quarter ended June 30, 2025. On a standalone basis, the company reported revenue from operations of Rs 2,520.81 lakhs compared to Rs 423.01 lakhs in the same quarter last year, with profit of Rs 54.13 lakhs versus Rs 40.02 lakhs previously. Consolidated revenue reached Rs 3,741.90 lakhs against Rs 4,686.45 lakhs in the prior year quarter, while profit was Rs 162.06 lakhs compared to Rs 219.46 lakhs. The board approved the re-designation of Mr. Latesh Poojary as Chairman and Managing Director, subject to shareholder approval. Additionally, the company approved a rights issue to raise up to Rs 49.90 crores through fully paid-up equity shares with a face value of Re. 1 each to existing shareholders.

Avance Technologies Approves Term Sheet for Acquisition of Checkers India

Avance Technologies has approved a term sheet for the acquisition of Checkers India. No further details about the acquisition or the companies involved were provided in the given news snippet.