Porwal Auto Components Files EGM Newspaper Notice for Preferential Issue on June 05

Porwal Auto Components Limited has scheduled an Extra-Ordinary General Meeting (EGM) on Friday, June 05, 2026, at 01:00 P.M. (IST) through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The meeting seeks shareholder approval for the preferential issuance of equity shares and convertible warrants. The EGM notice was submitted to BSE Limited on May 12, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Subsequently, on May 13, 2026, the company filed newspaper clippings with BSE under Regulation 30 and Regulation 47 of the SEBI (LODR) Regulations, 2015, read with Section 108 of the Companies Act, 2013. The notice was published in Choutha Sansar (Hindi edition) and Free Press (English edition), informing members of the EGM and remote e-voting details.

Preferential Issue Proposals

The board proposes to issue up to 17,54,384 equity shares to non-promoter investors and up to 3,94,735 convertible warrants to the promoter group. Both issuances are priced at ₹57.00 per security, including a premium of ₹47.00. The total aggregate amount for the equity shares is ₹9,99,99,888, while the warrants aggregate to ₹2,24,99,895. Warrants are convertible into equity shares within 18 months from the date of allotment, subject to an upfront payment of 25%.

The following table summarises the key details of the issuance:

Parameter: Details Equity Shares to Public Up to 17,54,384 Convertible Warrants to Promoters Up to 3,94,735 Issue Price ₹57.00 per share/warrant Premium ₹47.00 per share/warrant Total Equity Amount ₹9,99,99,888 Total Warrant Amount ₹2,24,99,895

Newspaper Publication and Regulatory Compliance

In compliance with Regulation 47 of the SEBI (LODR) Regulations, 2015 and Section 108 of the Companies Act, 2013, read with Rule 20 of the Companies (Management and Administration) Rules, 2014 and the Secretarial Standards on General Meetings issued by the Institute of Company Secretaries of India, the company published the EGM notice in two newspapers on May 13, 2026. The notice appeared in Choutha Sansar (vernacular language, Hindi edition) and Free Press (English edition). The newspaper clipping submission was signed by Company Secretary Hansika Mittal and filed with BSE Limited on the same date.

Remote E-Voting Facility

The company has provided remote e-voting facilities through CDSL. Shareholders holding shares as of the cut-off date, Friday, May 29, 2026, are eligible to vote. The remote e-voting period commences on June 02, 2026, at 09:00 AM and concludes on June 04, 2026, at 05:00 PM. Members who have voted remotely are not entitled to vote at the EGM venue.

Mrs. Shraddha Jain, Practicing Company Secretary, has been appointed as the Scrutinizer for the e-voting process. The Register of Members and share transfer books will remain closed from May 30, 2026, to June 05, 2026. The key e-voting schedule is summarised below:

Parameter: Details Cut-off Date Friday, May 29, 2026 E-Voting Start June 02, 2026, 09:00 AM E-Voting End June 04, 2026, 05:00 PM EGM Date Friday, June 05, 2026, 01:00 PM (IST) Register Closure May 30, 2026 to June 05, 2026 E-Voting Platform CDSL Scrutinizer Mrs. Shraddha Jain, Practicing Company Secretary

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.

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation.

We plan to change that - a technology-led and artificial intelligence enabled platform built for super traders and long term investors.

Disclaimer:

The data and information provided on this website is for general informational and research purposes only. While we strive to ensure that the content is accurate, up-to-date, and reliable, this platform utilizes artificial intelligence (AI) tools to generate, curate, and summarize information. As such, the content may occasionally contain errors, omissions, or outdated information. All users are therefore advised to cross verify the source of the data and information.

This website does not constitute professional, legal, financial, medical, or any other form of licensed advice. Users are encouraged to independently verify any information before relying on it, especially for decisions that may have legal, financial, or personal consequences.

The views, analyses, and summaries presented on this platform may be generated or assisted by AI and do not necessarily reflect the opinions of the website owners, operators, editors, or affiliates.

We make no warranties or representations, express or implied, regarding the completeness, accuracy, reliability, suitability, or availability of the information contained on this website. Any reliance you place on such information is strictly at your own risk.

This website may include links to third-party sources or content. We do not control or endorse the nature, accuracy, or availability of those external sites and are not responsible for any content or damages arising from their use.

By using this website, you acknowledge and agree that the use of AI-generated content involves inherent limitations, uncertainties and inaccuracies, and you accept full responsibility for how you interpret and use the information provided.

We reserve the right to modify, update, or remove content and this disclaimer at any time without prior notice.