Event Details

The 31st Annual General Meeting of PPAP Automotive Limited was duly held on Friday, 18th September, 2026 at 11:30 a.m. (IST) and concluded at 12:35 p.m. (IST) through Video Conferencing/Other Audio Video Means without physical presence of members, in compliance with circulars issued by the Ministry of Corporate Affairs and SEBI.

Attendance

Directors Present:

  • Mr. Ajay Kumar Jain (DIN: 00148839), Chairman and Managing Director
  • Mr. Abhishek Jain (DIN: 00137651), Chief Executive Officer & Managing Director
  • Mr. Rohit Rajput (DIN: 07944150), Independent Director and Chairman of Nomination and Remuneration, Corporate Social Responsibility Committee
  • Mrs. Meeta Makhan (DIN: 07135150), Independent Director
  • Mrs. Vinay Kumari Jain (DIN: 00228718), Non-Executive Director and Chairperson of the Stakeholder Relationship Committee
  • Mr. Deepak Kumar Sethi (DIN: 03605973), Independent Director and Chairman of Audit Committee

Key Managerial Personnel Present:

  • Mr. Sachin Jain, Chief Financial Officer
  • Ms. Pankhuri Agarwal, Company Secretary

Auditors Present:

  • Mr. Neelesh Kumar Jain representing NKJ & Associates, Secretarial Auditors
  • Ms. Neena Goyal representing TR Chadha & Co. LLP, Statutory Auditors
  • Ms. Ayushi Jain, managing partner of APAC & Associates LLP acting as scrutinizer

Business Transacted

The following business items from the Notice of AGM dated 7th August, 2026 were transacted:

Ordinary Business:

1. Adoption of audited financial statements (standalone and consolidated) for the financial year ended 31st March, 2026, together with Reports of the Board of Directors and Auditors thereon

2. Declaration of final dividend of ₹1.50 (15%) per equity share (face value of ₹10 each) and confirmation of payment of interim dividend of ₹1.00 (10%) per equity share for FY 2025-26

3. Re-appointment of Mrs. Vinay Kumari Jain (DIN: 00228718), Non-Executive Director who retires by rotation

6. Appointment of Mrs. Meeta Makhan (DIN: 07135150) as Independent Director for term of two consecutive years from 25th June, 2026 to 24th June, 2028

7. Ratification of remuneration of Cost Auditor for FY 2025-26

Special Business:

4. Re-appointment of Mr. Ajay Kumar Jain as Chairman and Managing Director for three consecutive years from 1st November, 2026 to 31st October, 2029 with revision in remuneration effective 1st April 2026

5. Revision in remuneration payable to Mr. Abhishek Jain, Chief Executive Officer and Managing Director effective 1st April 2026

Voting Process

The remote e-voting facility commenced on 14th September, 2026 at 9:00 a.m. and concluded on 17th September, 2026 at 5:00 p.m. in accordance with Section 108 of the Companies Act, 2013. An e-voting window was activated for 15 minutes from the conclusion of the AGM. Voting results will be announced within two working days by posting on the company website and filed with NSE and BSE.

Director Profiles and Details

Mr. Ajay Kumar Jain (DIN: 00148839)

  • Chairman and Managing Director
  • Indian national, born 3rd December, 1954 (71 years)
  • First appointed: 18th October, 1995
  • Qualification: Bachelor of Commerce from Shriram College of Commerce, Delhi University
  • Expertise: Vast experience in automotive industry
  • Board meetings attended in FY25-26: 6
  • Shareholding: 38,67,180 equity shares
  • Relationships: Father of Mr. Abhishek Jain, spouse of Mrs. Vinay Kumari Jain
  • Directorships: Avinya Batteries Limited, ELPIS Automotives Private Limited, Meraki Precision Tool Engineering Limited, Avinya Industrial Products Limited, Avinya Sealing Systems Limited

Mr. Abhishek Jain (DIN: 00137651)

  • Chief Executive Officer and Managing Director
  • Indian national, born 24th September, 1981 (44 years)
  • First appointed: 1st December, 2006
  • Qualification: Bachelor of Science in Industrial Engineering from Purdue University, West Lafayette, USA
  • Expertise: Vast experience in automotive industry
  • Board meetings attended in FY25-26: 6
  • Shareholding: 10,02,404 equity shares
  • Relationships: Son of Mr. Ajay Kumar Jain, son of Mrs. Vinay Kumari Jain
  • Directorships: Avinya Batteries Limited, ELPIS Automotives Private Limited, Meraki Precision Tool Engineering Limited, Avinya Industrial Products Limited, Avinya Sealing Systems Limited
  • Committee memberships: Member of Audit Committee and Stakeholders Relationship Committee

Mrs. Vinay Kumari Jain (DIN: 00228718)

  • Non-Executive Director
  • Indian national, born 20th February, 1956 (70 years)
  • First appointed: 26th December, 2013
  • Qualification: Graduate in Science from Delhi University
  • Expertise: Vast experience in automotive industry
  • Board meetings attended in FY25-26: 6
  • Shareholding: 5,33,890 equity shares (own) + 32,00,000 shares held by Kalindi Farms as beneficial owner
  • Relationships: Spouse of Mr. Ajay Kumar Jain, mother of Mr. Abhishek Jain
  • Committee role: Chairperson of Stakeholder Relationship Committee

Mrs. Meeta Makhan (DIN: 07135150)

  • Independent Director
  • Indian national, born 25th February, 1975 (51 years)
  • First appointed: 25th June, 2026
  • Qualification: Bachelor of Arts (Honours) from Lady Shriram College, Delhi University and Post Graduate Diploma in Management from IIM, Lucknow
  • Expertise: Experience in banking and corporate governance roles
  • Directorships: S V Creditline Limited, DCM Shriram International Limited, Kanoria Chemicals & Industries Limited, Timex Group India Limited
  • Committee roles: Member of Audit Committee and Stakeholders Relationship Committee at PPAP Automotive Limited; Chairperson of Audit Committee at Kanoria Chemicals & Industries Limited and Timex Group India Limited; Member of Audit Committee and Stakeholders Relationship Committee at DCM Shriram International Limited; Chairperson of Audit Committee at S V Creditline Limited

Document Availability

Register of Directors & Key Managerial Personnel, Register of Contracts or Arrangements in which directors are interested, and other documents were made available for inspection electronically during the AGM.