Meeting Details
The 32nd Annual General Meeting will be held on Monday, September 21, 2026, at 09:00 A.M. at Pavna International School, Aligarh-Agra Highway, near Mangalayatan Mandir, Sasni, Hathras, Aligarh, Uttar Pradesh, 204216, India.
Proposed Resolutions and Implications
Ordinary Business
1. Adoption of Financial Statements: To receive, consider, and adopt the Audited Standalone and Consolidated Financial Statements for the year ended March 31, 2026, along with reports of the Directors and Auditors.
2. Re-appointment of Director: To approve the re-appointment of Mrs. Asha Jain (DIN: 00035024), who retires by rotation, as a director of the company.
Special Business
3. Disinvestment in Swapnil Switches Private Limited (SSPL):
- Proposal to sell 100% of the company's investment (3,00,901 equity shares of ₹10 each, constituting 50.74% stake) in its subsidiary SSPL.
- The shares are to be sold to three promoter group entities at a fair value of ₹81.81 per share:
- Mrs. Asha Jain: 1,03,001 shares for ₹84,26,511.81
- Mrs. Priya Jain: 1,03,000 shares for ₹84,26,430.00
- PJ Wealth Management and Consultant Private Limited: 1,03,000 shares for ₹84,26,430.00
- Total consideration: approximately ₹2.53 crore
- Upon completion, SSPL will cease to be a subsidiary of Pavna Industries.
4. Disinvestment in Pavna Auto Engineering Private Limited (PAEPL):
- Proposal to sell 100% of the company's investment (30,901 equity shares of ₹100 each, constituting 50.74% stake) in its subsidiary PAEPL.
- The shares are to be sold to Mrs. Priya Jain for a consideration of up to ₹8.80 crore.
- Upon completion, PAEPL will cease to be a subsidiary of Pavna Industries.
5. Approval of Related Party Transactions:
- Seeking omnibus approval for related party transactions expected to be entered during FY 2026-27.
- Key transactions include:
- Loans from promoters: ₹10 crore from Mrs. Asha Jain, ₹10 crore from Mrs. Priya Jain, and ₹50 crore from Mr. Swapnil Jain
- Building rent payment to Mrs. Asha Jain: ₹2.5 crore per annum
- Lease rent payment to Mrs. Asha Jain: ₹2.0 crore per annum
- Inter-company purchases and sales with various subsidiaries
Voting Process and Methods
The company provides multiple voting methods:
- Remote e-voting: Available through NSDL platform from September 18, 2026 (9:00 AM) to September 20, 2026 (5:00 PM)
- Physical voting: Ballot paper facility available at the AGM venue for members who haven't voted remotely
- Proxy voting: Members can appoint proxies using Form MGT-11, which must be deposited at the registered office at least 48 hours before the meeting
Record Date and Eligibility
The record date (cut-off date) for determining members eligible to vote is Monday, September 14, 2026. Only members whose names appear in the Register of Members/Beneficial Owners as of this date are entitled to vote.
Scrutinizer Appointment and Results Declaration
The Board has appointed Mr. Shantanu Jain of S.B. Jain and Associates (Advocate) as the Scrutinizer to oversee the voting process. The Scrutinizer will submit his report to the Chairperson, and the results of the AGM will be announced on or before Wednesday, September 23, 2026, on the company's website and on the websites of BSE and NSE.
Compliance Statements
The notice confirms compliance with:
- Section 101 of the Companies Act, 2013 for issuing the meeting notice
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Secretarial Standard on General Meetings (SS-2) issued by ICSI
- All resolutions involving related party transactions have received prior approval from the Audit Committee and Board of Directors
Additional Information
- The company's annual consolidated turnover as of March 31, 2026, was ₹297.04 crore
- The complete Annual Report 2025-26 is available on the company's website www.pavna.in
- Members holding shares in dematerialized form must update their details with their Depository Participants
- The company's Registrar and Share Transfer Agent is MUFG Intime India Private Limited