Ampvolts Promoter AV AC DC Renew Pledges Additional 29.24 Lakh Equity Shares

Ampvolts Limited's promoter AV AC DC Renew Private Limited has disclosed the creation of an additional pledge on 29,23,980 equity shares in favor of Mufin Green Finance Limited. This latest pledge was created on March 4, 2026, and disclosed to BSE Limited on March 28, 2026, in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The promoter had previously pledged 5,40,541 equity shares on February 23, 2026.

Latest Pledge Details

The new encumbrance significantly increases the promoter's pledged shareholding for financing purposes. The pledged shares were created to secure working capital loan facilities availed by Ampvolts Limited.

Parameter: Details New Pledged Shares: 29,23,980 equity shares Pledge Date: March 4, 2026 Beneficiary: Mufin Green Finance Limited Purpose: Working Capital Loan for Ampvolts Limited Reporting Date: March 28, 2026 Total Pledged Shares: 34,64,521 equity shares

Updated Shareholding Impact

The combined pledges now represent a substantial portion of the promoter's holdings. AV AC DC Renew Private Limited maintains its position as the major promoter of Ampvolts Limited with 55.25% of total share capital.

Shareholding Metric: Number of Shares Percentage Total Promoter Holding: 1,42,05,278 55.25% of total share capital Total Pledged Shares: 34,64,521 24.40% of promoter shareholding Pledged as % of Total Capital: 34,64,521 13.47% of total share capital Latest Pledge Only: 29,23,980 20.58% of promoter shareholding

Regulatory Compliance Status

The updated disclosure confirms that the total encumbered shares remain within regulatory thresholds. The combined pledged amount is below 50% of promoter shareholding and below 20% of total share capital.

Key Compliance Points:

Encumbered shares less than 50% of promoter shareholding: Yes

Encumbered shares less than 20% of total share capital: Yes

Type of encumbrance: Pledge

Previous encumbrances: 5,40,541 shares pledged in February 2026

The disclosure was signed by Vipul Chauhan, Director of AV AC DC Renew Private Limited, and submitted to BSE Limited where Ampvolts Limited shares are listed under script code 535719. This additional pledge arrangement further supports the company's working capital requirements while the promoter retains its controlling stake in Ampvolts Limited.

Ampvolts Limited has successfully completed its postal ballot process on January 6, 2026, with shareholders demonstrating overwhelming support for all three proposed special resolutions. The company submitted detailed voting results to BSE Limited on January 7, 2026, in compliance with Regulation 44 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, followed by comprehensive regulatory filings under Regulation 30.

Postal Ballot Process and Compliance

The postal ballot was conducted under the scrutiny of Mr. Mehul Bambahroliya, a practicing Company Secretary from BMB & Associates, who was appointed as scrutinizer on November 14, 2025. The e-voting period commenced on December 8, 2025, at 9:00 AM IST and concluded on January 6, 2026, at 5:00 PM IST, providing shareholders with nearly a month to cast their votes.

Process Parameter: Details Record Date: November 28, 2025 Total Shareholders: 8,848 Voting Period: December 8, 2025 to January 6, 2026 Scrutinizer: Mr. Mehul Bambahroliya (ACS A28191) E-voting Platform: Purva Sharegistry India Private Limited

Director Appointments with Unanimous Support

Shareholders approved the appointment of two new independent directors with remarkable consensus. Mr. Harnish Mahendrabhai Rao (DIN: 11357015) was appointed as an independent director, receiving 14,225,844 votes in favor against only 9 votes against, representing 99.99% approval. Similarly, Mr. Sahil Jayesh Rao (DIN: 11367592) secured his appointment as independent director with 14,225,843 votes in favor and 10 votes against, also achieving 99.99% approval.

Director Appointment: Votes in Favor Votes Against Approval Rate Mr. Harnish Mahendrabhai Rao: 14,225,844 9 99.99% Mr. Sahil Jayesh Rao: 14,225,843 10 99.99%

Both directors have been appointed for a term of five consecutive years effective from November 14, 2025, and will not be liable to retire by rotation as per the provisions of the Companies Act, 2013.

Director Profiles and Qualifications

Mr. Harnish Rao brings extensive legal expertise as a highly qualified legal professional with over 25 years of experience in commerce and law. His dual expertise in corporate and legal domains provides unique perspectives in legal advisory, litigation, and dispute resolution. The company has confirmed that none of the existing directors are inter-se related to Mr. Harnish Rao.

Mr. Sahil Rao is a Chartered Accountant and Corporate Lawyer specializing in taxation and bankruptcy laws. He has handled numerous complex and precedent-setting cases, dedicating extensive hours to legal and tax research with focus on simplifying compliance and minimizing legal stress for clients. His dual qualification and diverse experience enable practical, business-oriented solutions for corporate and regulatory matters.

Director Details: Mr. Harnish Rao Mr. Sahil Rao Professional Background: Legal Professional (25+ years) Chartered Accountant & Corporate Lawyer Specialization: Corporate Law & Litigation Taxation & Bankruptcy Laws Term Duration: 5 consecutive years 5 consecutive years Effective Date: November 14, 2025 November 14, 2025

Memorandum of Association Amendment Details

The third special resolution involved amending the company's Memorandum of Association to expand its business objectives into electric vehicle services and retrofitting activities. The amendment received 14,225,844 votes in favor against 9 votes, maintaining the same 99.99% approval rate. The company has formally notified BSE Limited under Regulation 30 of SEBI Listing Regulations regarding these alterations.

Amendment Details: Description New Clause 7: Electric vehicle repair, servicing, inspection, overhauling, refurbishment and maintenance services on B2B and B2C basis New Clause 8: Retrofitting business - converting internal combustion engines to battery-powered electric powertrains Clause Renumbering: Existing Clause 7 renumbered as Clause 9 with subsequent adjustments

Regulatory Documentation and Transparency

The company has fulfilled all regulatory requirements by submitting the scrutinizer's report, voting results, and minutes of postal ballot proceedings to BSE Limited. Managing Director Vipul Chauhan digitally signed the compliance documents on January 7, 2026. The voting results and scrutinizer's report have been made available on the company's website at www.ampvolts.com as required under regulatory provisions. The company has confirmed that both newly appointed directors are not debarred from holding directorship positions by virtue of any SEBI order or regulatory authority directives.

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