we wish to inform you that in themeeting 02nd/2025-2026 of the Board of Directors of the Company held on Wednesday, 13th August, 2025 at 02:00 P.M at the Registered Office following items: 1. ....
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Porwal Auto Components' board approved its unaudited Q1 FY26 financial results (quarter ended June 30, 2025) along with the limited review report. The board also approved amending the company's object clause (MOA) and articles (AOA) to add a new line of business in power generation — including solar, wind, biomass, and battery storage — primarily for captive consumption, subject to shareholder approval at the AGM. Mr. Mukesh Jain has been elevated to Chairman while continuing as Whole-Time Director. Mr. Devendra Jain (Managing Director) and Mr. Mukesh Jain (Whole-Time Director) have both been re-appointed for a further three-year term starting August 1, 2026 to July 31, 2029. The 33rd Annual General Meeting has been scheduled for September 26, 2025 via video conferencing, with the register of members closed from September 20–26, 2025.
The addition of a captive power generation business signals the company's intent to reduce its long-term energy costs and improve energy self-sufficiency, which could support margins over time. Leadership continuity with re-appointments of both brothers (key promoter-directors) provides stability, though it keeps decision-making concentrated within the promoter family.