Porwal Auto Components EGM for ₹12.25 Cr Preferential Issue

Porwal Auto Components convenes EGM on June 5, 2026 to seek shareholder approval for a preferential issue of equity shares and warrants.
Proposes to issue 17.54 lakh equity shares to public investors at ₹57 per share to raise ₹10 crore and 3.95 lakh warrants to promoter group at same price.
Funds raised (₹12.25 crore total) will be used for capital expenditure (76%) on equipment purchase and general corporate purposes (24%).
The relevant date for price determination is May 6, 2026, with shares subject to lock-in as per SEBI ICDR regulations.