Pursuant to Regulation 30 & 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, We are enclosed herewith the Annual Report of the Company including the Notice ....
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Porwal Auto Components Limited has filed its Annual Report for FY 2024-25 along with the Notice convening its 33rd Annual General Meeting, to be held on Friday, 26th September 2025 at 1:00 PM (IST) through video conferencing. The AGM has 9 resolutions, including adoption of audited financial statements, re-appointment of Mr. Mukesh Utsavlal Jain as Chairman & Whole Time Director and Mr. Devendra Jain as Managing Director for another 3-year term (August 2026 to July 2029), ratification of cost auditors' remuneration of Rs 35,000 for FY 2025-26, appointment of Mrs. Shraddha Jain as Secretarial Auditor for 5 years, and adoption of a new Memorandum of Association. A key item is a Special Resolution to alter the company's Object Clause to enter the renewable and conventional power generation business (solar, wind, battery storage, etc.) for captive consumption, marking a diversification from its core auto components business. The Annual Report also pays tribute to the late Mr. Surendra Jain, former Chairman & Whole Time Director, who passed away in 2024. Book closure is from 20th to 26th September 2025, with e-voting window open from 23rd to 25th September 2025.
The proposed expansion into renewable/power generation under the Object Clause is the most material item for shareholders, signalling a strategic diversification move beyond auto components that could reshape the company's long-term business profile. Re-appointment of the top leadership provides continuity, while the 3-year tenure lock-in signals stability. Investors should review the detailed rationale and financial implications of the power business addition before voting on 26th September 2025.