Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'),Please find enclosed ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Porwal Auto Components Ltd has called an EGM on 5th June 2026 via video conference to seek shareholder approval for two preferential issues totaling up to Rs 12.25 crore. Item 1 proposes issuance of up to 17,54,384 equity shares (face value Rs 10, issue price Rs 57 per share) to four public investors (Neha Nishant Gandhi, Nishant Lalitbhai Gandhi, Akshar Yatin Popat, and Shreya Bhavesh Shah), raising approximately Rs 10 crore. Item 2 proposes issuance of up to 3,94,735 convertible warrants to five promoter group members (including Mukesh Jain HUF, Shailesh Jain HUF, Gajendra Jain HUF, Devendra Jain HUF, and Pramila Jain), raising approximately Rs 2.25 crore, with 25% payable upfront and conversion into equity shares within 18 months at Rs 57 per share. Both issues are at a price determined as per SEBI ICDR regulations based on a relevant date of 6th May 2026.
The preferential issues will dilute existing shareholders. The public share issuance adds ~17.5 lakh shares, while promoter group warrants could add another ~3.95 lakh shares upon conversion, meaningfully increasing the company's equity base and potentially affecting earnings per share.