Pursuant to Regulation 30 and other applicable provisions of the SEBI LODR, we wish to inform you that the Board has approved in the Board Meeting held on 13th August, 2025 to amend the ....
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Awaiting price reaction for this filing.
Porwal Auto Components' board, at its meeting on 13th August 2025, approved amendments to the company's Memorandum of Association (MOA) and Articles of Association (AOA), subject to shareholder approval at the upcoming Annual General Meeting. The changes are being made to comply with the Electricity Act, 2003 and Madhya Pradesh regulations, enabling the company to generate and consume electricity for captive use. The amended objects include producing power from renewable and conventional sources such as solar, wind, hydel, biomass, and battery storage, and setting up related power plants and infrastructure. The MOA will also be realigned with the Companies Act, 2013 format. No new financial commitments, capital figures, or timelines were disclosed in this filing.
This is a corporate housekeeping step that gives Porwal Auto Components the legal ability to set up captive power plants, potentially reducing its long-term electricity costs. It is not an immediate operational change and is unlikely to move the stock price on its own, though it signals the company's intent to explore energy self-sufficiency.