Announced Sat, 29 Aug · 17:21 IST
NCLT meeting of unsecured creditors for Avinya Batteries amalgamation
PPAP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+5.8%1-day move
₹257.20
prior close
₹258.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.2+2.6+2.3+1.9+5.8+1.9+0.7+1.8+0.6-4.4————
Up moveDown movePending
AI summary
PPAP Automotive is merging its wholly owned subsidiary Avinya Batteries into itself. NCLT has directed a meeting of unsecured creditors on 30 Sept 2026 at 3:30 PM via video conferencing to vote on the scheme. Appointed date is 1 April 2026. Since Avinya is wholly owned, no new PPAP shares will be issued and no share swap ratio applies. Remote e-voting runs from 26 to 29 Sept 2026. Avinya makes Li-Ion battery packs for two and three wheelers, while PPAP makes automotive sealing systems.
Likely market impact
No dilution for PPAP shareholders as Avinya is wholly owned. Next step is unsecured creditor vote, followed by NCLT final sanction.