Pursuant to the provisions of Regulation 30 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Porwal Auto Components held an Extraordinary General Meeting on 5th June 2026 via video conference, where two special resolutions were placed before shareholders for voting. The first resolution seeks approval to issue up to 17,54,384 equity shares (face value Rs 10 each) to public on a preferential/private placement basis. The second resolution seeks approval to issue up to 3,94,735 convertible warrants (face value Rs 10 each) to the promoter group on a preferential basis. Managing Director Devendra Jain briefed shareholders on the rationale, stating the fund infusion would support the company's growth strategy, strengthen its financial position, and create long-term stakeholder value. All directors, the CFO, company secretary, statutory auditor, and secretarial auditor/scrutinizer were present. No registered shareholders participated in the Q&A session. E-voting was conducted and results will be declared within two working days.
If approved, this preferential issue will lead to equity dilution for existing public shareholders while the promoter group's stake is likely to increase through the convertible warrants. The actual impact on share price will depend on the issue price (not disclosed in this filing) and the e-voting results expected within 2 working days.