Summary of Key Information:

Reporting Period: Not Applicable

Nature of Filing / Announcement: Outcome of Board Meeting under SEBI LODR Regulations

Key Financial Highlights:

Corporate Actions:

Warrant Lapse and Forfeiture:

  • 24,00,000 convertible warrants issued to promoter & promoter group have lapsed
  • Original issue date: January 29, 2025
  • Issue price: ₹505 per warrant (face value ₹10 each)
  • Total issue size: ₹210.69 crore
  • 25% upfront payment received: ₹30.30 crore
  • Balance 75% payment due by July 28, 2026 was not paid
  • Entire upfront amount of ₹30.30 crore forfeited effective July 29, 2026
  • Warrant holders: Mrs. Asha Jain (12,00,000 warrants, ₹15.15 crore forfeited), Mr. Swapnil Jain (6,00,000 warrants, ₹7.575 crore forfeited), Mrs. Priya Jain (6,00,000 warrants, ₹7.575 crore forfeited)
  • No change in paid-up share capital
  • Forfeited amount to be retained by company and accounted per applicable accounting standards

Change in Management:

Identification of Senior Management Personnel:

The company identified 38 employees as Senior Management Personnel effective July 27, 2026:

1. Mrs. Palak Jain - Chief Financial Officer

2. Mrs. Sonika Krishnagopal Khandelwal - CHRO

3. Mrs. Kanchan Gupta - Company Secretary & Compliance Officer

4. Mr. Sukhvinder Singh - Head (IT)

5. Mr. Rishi Rajpoot - Sr. Manager (Accounts)

6. Mr. Rohit Jain - Head (Legal)

7. Mr. Anshul Parakh - Manager (Civil Projects)

8. Mr. Dibyakusuma Mandal - Head (Operations)

9. Mr. Vijay Kumar Sharma - CEO (Operations)

10. Mr. Rajeev Sehgal - AGM (Marketing)

11. Mr. S. Sudhakar Venkata Ji - GM (Operations)

12. Mr. CS Kishore - Manager (HR)

13. Mr. S.C. Rajpoot - GM (Assembly)

14. Mr. Ashok Kumar Sarsawat - Manager (Assembly)

15. Mr. Rishabh Jain - Sr. Manager (Purchase)

16. Mr. Aslam Raza - Manager (Purchase)

17. Mr. Alok Kumar Sharma - AGM (Operations)

18. Mr. Dillip Kumar Naik - Chief Quality Advisor (Quality)

19. Mr. Ravi Kumar Saini - HOD (Store)

20. Mr. Vikal Kumar Rana - ERP Administrator (IT)

21. Mr. Himanshu Badoni - Sr. Manager (Design)

22. Mr. Mohit Jain - AGM (Marketing)

23. Mr. Rajiv Ranjan Singh - Head (Quality)

24. Mr. Harjit Singh - Head (Design)

25. Mr. Rahul Bhardwaj - AGM (Design)

26. Mr. Ramesh Ghai - AGM (Automation)

27. Mr. Guravtar Singh - Sr. Manager (Design)

28. Mr. Arun Solanki - Sr. Manager (Design)

29. Mr. Pravin Prakashrao Bodhankar - Manager (Marketing)

30. Mr. Surender - Manager (Tool Room)

31. Mr. Chetany Swarup - Manager (Design)

32. Mr. Arun Khanna - GM (Design)

33. Mr. Pavan Awasthi - AGM (Maintenance)

34. Mr. Jitendra Singh Baghel - AGM (Maintenance)

35. Mr. Himanshu Chauhan - Sr. Manager (Process Engineering)

36. Mr. Ajit Kumar - Manager (Operations)

37. Mr. Sachin Kumar - Not specified in profile table

38. Mr. Swarnim Jain - Not specified in profile table

Other Significant Information:

  • All disclosures made pursuant to SEBI Master Circular references: HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
  • Additional compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024
  • Intimations available on company website: www.pavna.in