Meeting Details

The Extraordinary General Meeting of Porwal Auto Components Limited was held on Friday, 05th June, 2026 at 01:00 P.M. (IST) through Video Conference (VC) / Other Audio Visual Means (OAVM). The registered office of the Company at Plot No. 209, Sector 1, Industrial Area, Pithampur, District Dhar, Madhya Pradesh, 454775 was deemed as the venue. The meeting concluded at 01:32 PM.

Attendance

Directors Present:

  • Mr. Mukesh Jain, Chairman & Whole Time Director (attended from Pithampur)
  • Mr. Devendra Jain, Managing Director (attended from Pithampur)
  • Mr. Shailesh Jain, Chief Financial Officer (attended from Pithampur)
  • Mr. Gautam Chand Kothari, Independent Director (attended from Bhopal)
  • Mr. Naveen Kumar Dhiman, Independent Director (attended from Indore)
  • Mr. Mohit Handoo, Independent Director (attended from Indore)
  • Ms. Hansika Mittal, Company Secretary (attended from Pithampur)

Invitees Present:

  • Mr. Ashish Saboo, Statutory Auditor (attended from Indore)
  • Mrs. Shraddha Jain, Secretarial Auditor and Scrutinizer (attended from Indore)

Business Conducted

The EGM considered and voted on two special resolutions:

1. Resolution 1: To consider and approve issuance and allotment of up to 17,54,384 Equity Shares of face value of ₹10/- each to the Public of the Company on Preferential basis on Private Placement Basis ("Preferential Issue")

2. Resolution 2: To consider and approve issuance and allotment of up to 3,94,735 Warrants convertible into Equity shares of Face Value ₹10/- each to Promoter Group of the Company on Preferential basis on Private Placement Basis ("Preferential Issue")

Meeting Proceedings

Mr. Devendra Jain, Managing Director, welcomed members and briefed them on the proposed preferential issue of equity shares and warrants. He outlined the rationale, key details, proposed allotment structure, utilization of proceeds, and expected benefits to the Company. He explained how the proposed fund infusion would support the Company's growth strategy, strengthen its financial position, and create long-term value for stakeholders.

The Company provided e-voting facility during the EGM and for 15 minutes after the EGM conclusion for shareholders who attended through VC/OAVM and had not cast their votes earlier.

Mrs. Shraddha Jain, Practicing Company Secretaries, was appointed as the Scrutinizer to supervise the e-voting process.

Voting Results

The results of e-voting will be intimated separately upon receipt of Report from the Scrutinizer within 2 working days from the conclusion of the Extraordinary General Meeting.