With reference to the captioned subject and in furtherance to the intimation dated May 05, 2026, and pursuant to Regulation 30 of the SEBI LODR Regulations, we wish to inform you that the ....
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Porwal Auto Components Ltd's Board approved issuance of up to 17,54,384 equity shares to non-promoter public investors at Rs. 57 per share (face value Rs. 10 + premium Rs. 47), raising approximately Rs. 10 crore. The Board also approved issuance of up to 3,94,735 convertible warrants to promoter group entities at the same price of Rs. 57 per warrant, raising up to Rs. 2.25 crore. For warrants, 25% (Rs. 14.25) is payable upfront and the remaining 75% (Rs. 42.75) is payable upon conversion within 18 months. An Extraordinary General Meeting is scheduled for June 5, 2026 to seek shareholder approval for these preferential issues, subject to BSE and other regulatory approvals.
This preferential issuance will dilute existing shareholder stakes but brings fresh capital to the company. The warrant issuance to promoters shows their continued commitment. The EGM approval requirement means completion is subject to shareholder voting.