Pennar Industries EGM Approves Preferential Warrants and Director Reappointment

Pennar Industries held an EGM on May 8, 2026, passing two resolutions via e-voting with requisite majorities.
Resolution 1 approved issuance of convertible equity warrants to promoter Pennar Holdings Private Limited on preferential basis with 99.87% votes in favor.
Resolution 2 approved re-appointment of Mr. RVS Ramakrishna as Independent Director with 99.995% votes in favor.
Scrutinizer Subhash Kishan Kandrapu certified the e-voting process conducted by KFin Technologies as fair and transparent.