The 33rd AGM of the Company was held on Friday, September 26, 2025 at 01:00 P.M. (IST) through Video Conferencing (VC) and other Audio Visual Means (OAVM) to transact the business as stated ....
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Porwal Auto Components held its 33rd AGM on September 26, 2025 via video conferencing, where all 9 resolutions were passed with overwhelming shareholder support (over 99.99% in favor on each item). Key items included approval of the audited financial statements for FY ending March 2025, re-appointment of Mr. Mukesh Utsavlal Jain as Whole-Time Director & Chairman, re-appointment of Mr. Devendra Jain as Managing Director, ratification of the cost auditors' remuneration, appointment of a new secretarial auditor, and three special resolutions to alter the Object Clause, amend the Articles of Association, and adopt a new set of the Memorandum of Association. Out of 7,971 total shareholders, only 41 attended via VC and just 75 members cast valid votes representing 8,539,661 shares (about 56.55% of the 1.51 crore total outstanding shares). Promoter group voted 100% in favor, with dissent limited to a mere 100–150 shares from public non-institutional holders.
All agenda items were approved smoothly with virtually no opposition, indicating shareholder consensus. The approval of a new Memorandum of Association and changes to the Object Clause suggest the company is preparing to expand or diversify its business activities, which shareholders should watch for in upcoming announcements.