Pavna Industries Ltd

Disinvestment in Pavna Auto Eng Private Limited

• Nature: disinvestment of Pavna Auto Engineering Private Limited via stake transfer.
• Sale of 30,901 equity shares representing 50.74% stake in Pavna Auto Eng Private Limited.
• Buyer: Mrs. Priya Jain; promoter group member.
• PAEPL ceases to be a direct subsidiary post-completion.
• Consideration: Rs 8.79 crore.
• Date of completion: October 13, 2026.
• Outside Scheme of Arrangement.
• Rationale: unlock shareholder value and optimize investment portfolio.
• Proceeds to strengthen core business and redeploy resources to growth opportunities.
• Turnover: Rs 1,533.95 lakh; Net worth: Rs 1,778.90 lakh.
• Contribution: ~5.4% of Pavna standalone turnover; ~9.1% of net worth.
• Related party: buyer belongs to promoter group; arm's length per valuation.
• Board/AGM approvals: Aug 24, 2026; Sept 23, 2026.

Pavna Industries Limited: Closure of Trading Window from Oct 1, 2026 till 48 hours after the declaration of Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended Sep 30, 2026

AGM Details

• AGM held in-person on 21 Sep 2026 at 9:00 a.m.; remote e-voting available.

Eligibility

• Cut-off date for voting eligibility: 14 September 2026.

Key Resolutions

• Item 1 (Ordinary): Adoption of standalone and consolidated financial statements.
• Item 2 (Ordinary): Re-appointment of Mrs. Asha Jain by rotation.
• Item 3 (Special): Disinvestment of 100% in Swapnil Switches Private Limited.
• Item 4 (Special): Disinvestment of 100% in Pavna Auto Engineering Private Limited.
• Item 5 (Special): Approval of related party transactions.

Voting Outcomes

• Item 1: Passed; majority of valid votes in favour.
• Item 2: Passed; related party votes invalid for RPT considerations.
• Item 3: Passed; related party votes excluded.
• Item 4: Passed; related party votes excluded.
• Item 5: Passed; related party votes excluded.

Directors

• Director re-appointment: Mrs. Asha Jain approved.

Related Party Transactions

• Material related party transactions approved; counterparty details not disclosed.

AGM details

• Date: 21 Sep 2026; Venue: Pavna International School; Mode: physical AGM with remote e-voting.

Key resolutions

• Adopt Standalone and Consolidated financial statements for the year ended 31 March 2026.
• Re-appoint Mrs. A Jain as Director, retiring by rotation.
• Approve disinvestment of 100% investment in Pavna Private Limited (subsidiary).
• Approve disinvestment of the Company (full exit).

Voting results

• Resolution 1 passed with overwhelming support; no votes against reported.
• Resolution 2 passed; director re-appointment approved.
• Resolution 3 (subsidiary disinvestment) passed; majority in favour.
• Resolution 4 (company disinvestment) passed; high approval.

AGM Details

• Date: 21 September 2026; Physical AGM at Pavna International School, Sasni, Hathras.
• Remote e-voting conducted before and during the AGM.

Key Resolutions

• Ordinary: Adopt Audited financial statements for year ended 31 March 2026.
• Ordinary: Re-appoint Mrs. A Jain as director, retires by rotation.
• Special: Approve 100% disinvestment of a subsidiary.
• Special: Approve disinvestment of Pavna's subsidiary (PAEPL).
• Special: Approve related party transactions with subsidiaries.
• Special: Approve related party transactions involving the company.

Voting Results

• Resolution 1 passed with near-unanimous support.
• Resolution 2 passed with about 99.94% in favour.
• Resolution 3 passed with about 99.94% in favour.
• Resolution 4 passed with about 99.94% in favour.
• Resolution 5 passed with about 99.94% in favour.
• Resolution 6 passed with about 99.94% in favour.

Director Changes

• Re-appointment of Mrs. A Jain as director (retires by rotation).

Material Related Party Transactions

• Approval of related party transactions with subsidiaries; value not disclosed.

No substantive AGM disclosures found in Pavna Industries Limited filing chunk

Hosur warehousing and assembly shift

• New warehousing unit established at Hosur; warehousing moved from rented to owned.
• Post-festive season, assembly lines to be moved from Aligarh to Hosur.
• By calendar year-end, complete assembly process to operate from Hosur facility.
• Strategic aim to strengthen South Indian market presence and OEM service levels.
• Upcoming plant supports enhanced operational infrastructure and supply-chain efficiency.

AGM Details

• Date and time: September 21, 2026, 09:15–09:35 AM, physical at Pavna International School.
• Venue: Pavna International School, Aligarh.
• Mode: Physical AGM; remote e-voting from Sep 18–20, 2026.
• Attendance: 31 members present in person.

Resolutions Put to Vote

• 01: Adopt Audited standalone and consolidated financial statements for year ended March 31, 2026.
• 02: Re-appoint Mrs. Asha Jain as Director, retires by rotation.
• 03: Disinvest 100% in Swapnil Switches Private Limited.
• 04: Disinvest 100% in Pavna Auto Engineering Private Limited.
• 05: Approve related party transactions of the company.

Voting Status

• 01: Results to be declared within two working days.
• 02: Results to be declared within two working days.
• 03: Results to be declared within two working days.
• 04: Results to be declared within two working days.
• 05: Results to be declared within two working days.

Director Changes

• Asha Jain re-appointed as Director, retires by rotation.

Auditor Information

• Statutory Auditor: Arun Kumar (Arun Varshney & Associates) engaged.

Material Related Party Transactions

• Approval for related party transactions by the company.