Announced Mon, 27 Jul · 20:35 IST
Warrants lapse and forfeit Rs30.3cr; SMPs identified; internal auditor appointed
Management Changes View source PDF
PAVNAIND · price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Board approved lapse of 24 lakh convertible warrants allotted to promoter group (Asha Jain, Swapnil Jain, Priya Jain) at Rs505 each. They failed to pay the balance 75 percent by the July 28, 2026 deadline. Upfront 25 percent of Rs30.30 crore stands forfeited. No change in paid-up capital. Also identified 38 Senior Management Personnel under new reporting structure. Appointed M/s Suri and Sudhir as internal auditor for FY 2026-27.
Likely market impact
Promoter warrants lapsed, Rs30.3cr forfeited as gain for the company. No share dilution. Routine management and auditor updates.