Pennar Industries announces EGM on May 8, 2026 to seek approval for preferential issue of 30 lakh convertible equity warrants to promoter Pennar Holdings Pvt Ltd at ₹168 per warrant.\\nThe warrant issue aims to raise ₹50.4 crore for working capital, capex (including BIW project expansion), and general corporate purposes, with 25% conversion upfront payment.\\nEGM also proposes re-appointment of Mr. RVS Ramakrishna as Independent Director for a second 5-year term until June 2031, requiring special resolution as he will turn 75 during tenure.\\nMeeting to be held virtually via VC/OAVM with remote e-voting available from May 5-7, 2026, using KFin Technologies as RTA for voting services.