Pursuant to Regulation 30 and other applicable provisions of the SEBI Listing Regulations, we would like to inform you that the Members of the Company, in the Annual General Meeting held ....
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At the 33rd Annual General Meeting held on September 26, 2025, shareholders of Porwal Auto Components approved changes to the company's Memorandum of Association (MOA) and Articles of Association (AOA). The main reason is to comply with the Electricity Act, 2003 and Madhya Pradesh Electricity Regulatory Commission rules, which require consumer companies wanting to generate their own power to have enabling provisions in their constitutional documents. The amended MOA now allows the company to set up and run power plants using solar, wind, biomass, hydel, and other energy sources, primarily for its own consumption. A new clause was also added to the AOA defining Power Purchase Agreements, Wheeling Agreements, and related project terms. Additionally, the company adopted a fresh MOA aligned with the Companies Act, 2013, replacing the older one based on the Companies Act, 1956.
This is a preparatory governance step that paves the way for Porwal Auto Components to generate its own electricity, which could help lower future power costs and improve operating margins. There is no immediate financial impact for shareholders, and the company has not announced any specific power project or capital outlay as part of this filing.