Porwal Auto Components Board Meeting Scheduled on May 08, 2026 to Consider Preferential Issue of Equity Shares and Convertible Warrants

Porwal Auto Components Limited has notified BSE Limited of an upcoming Board of Directors meeting scheduled for Friday, May 08, 2026. The intimation, dated May 05, 2026, has been filed under Regulation 29(1)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and has also been uploaded on the company's website.

Key Agenda Items for the Board Meeting

The board meeting has been convened to consider and approve several significant matters related to fund-raising and shareholder engagement. The following agenda items are scheduled for deliberation:

Agenda Item: Details Preferential Issue of Equity Shares: Consider proposal for raising funds via equity shares on preferential basis under the Companies Act, 2013 and SEBI (ICDR) Regulations, 2018 Preferential Issue of Convertible Warrants: Consider proposal for raising funds via convertible warrants on preferential basis under the Companies Act, 2013 and SEBI (ICDR) Regulations, 2018 EOGM Scheduling: Fix date, time, and place for holding an Extra-Ordinary General Meeting for members' approval of the preferential issue EOGM Notice: Consider the notice of the Extra-Ordinary General Meeting along with the explanatory statement for the fund-raising proposals

Preferential Issue Proposals

The board will evaluate two distinct fund-raising proposals, both structured as preferential issues in accordance with the applicable provisions of the Companies Act, 2013 and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The first proposal pertains to the issuance of equity shares on a preferential basis, while the second involves the issuance of convertible warrants on a preferential basis. Both proposals are subject to approval by the members of the company at general meetings or through postal ballot, as well as any requisite third-party, regulatory, and statutory approvals, including those from lenders of the company.

Extra-Ordinary General Meeting

As part of the board meeting agenda, the directors will also determine the date, time, and venue for convening an Extra-Ordinary General Meeting (EOGM). The EOGM is intended to seek shareholder approval for the aforesaid preferential issue proposals. The board will additionally review the draft notice of the EOGM, along with the accompanying explanatory statement, to facilitate the requisite member approvals for the fund-raising initiatives.

Outcome Dissemination

Porwal Auto Components has stated that the outcome of the board meeting will be disseminated to the stock exchanges following the conclusion of the meeting on Friday, May 08, 2026, in compliance with the applicable provisions of the SEBI (LODR) Regulations, 2015. The intimation has been signed by Devendra Jain, Managing Director of the company.

Porwal Auto Components Limited has submitted its quarterly compliance certificate under SEBI Regulation 74(5) of the Depositories and Participants Regulations, 2018, for the quarter ended March 31, 2026. The company filed the certificate with BSE Limited on April 14, 2026, through Company Secretary Hansika Mittal.

Regulatory Compliance Certificate

The compliance certificate was issued by MUFG Intime India Private Limited (formerly Link Intime India Private Limited), which serves as the company's registrar and transfer agent. The certificate confirms adherence to prescribed procedures for handling dematerialization requests during the fourth quarter of fiscal year 2026.

Parameter: Details Quarter Covered: March 31, 2026 Filing Date: April 14, 2026 Registrar: MUFG Intime India Private Limited Regulation: SEBI Regulation 74(5)

Dematerialization Process Confirmation

MUFG Intime India confirmed that all securities received from depository participants for dematerialization during the quarter were properly processed. The registrar verified that security certificates received for dematerialization were confirmed or rejected within prescribed timelines, with proper substitution of depository names in the register of members as registered owners.

The certificate specifically states that security certificates received were mutilated and cancelled after due verification by the depository participant. This process ensures proper conversion from physical to electronic form while maintaining regulatory compliance.

Key Highlights

No rematerialization requests were received during the quarter

All dematerialization processes completed within prescribed timelines

Proper verification and cancellation of physical certificates maintained

Compliance with SEBI depositories regulations confirmed

Stakeholder Communication

The company has communicated the compliance status to relevant stakeholders, including copies sent to National Securities Depository Limited and Central Depository Services (India) Limited. This ensures transparency and maintains proper regulatory reporting across all depositories.

The certificate was digitally signed by Company Secretary Hansika Mittal, reflecting the company's commitment to maintaining proper corporate governance and regulatory compliance standards.

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