Meeting Details

  • Meeting Type: Court Convened Meeting ordered by Hon'ble National Company Law Tribunal (NCLT), New Delhi Bench (Court Room No. VI)
  • Meeting Dates: Wednesday, 30th September, 2026
  • Equity Shareholders Meeting: 10:30 A.M.
  • Secured Creditors Meeting: 12:30 P.M.
  • Unsecured Creditors Meeting: 3:30 P.M.
  • Mode of Meeting: Video Conferencing with facility of remote e-voting and e-voting at meeting
  • Deemed Venue: Registered Office at 54, Okhla Industrial Estate, Phase-III, New Delhi-110020
  • Remote e-voting period: Saturday, 26.09.2026 (09:00 a.m. IST) to Tuesday, 29.09.2026 (05:00 p.m. IST)

Proposed Resolutions and Implications

The single resolution sought approval for the Scheme of Amalgamation of Avinya Batteries Limited with PPAP Automotive Limited under Sections 230-232 of the Companies Act, 2013, subject to NCLT approval and other regulatory sanctions. The resolution authorized the Board to implement the scheme and make necessary modifications without further shareholder approval.

Voting Process and Methods

Voting was conducted through:

  • Remote e-voting via MUFG Intime India Private Limited platform (https://instavote.linkintime.co.in/)
  • E-voting facility during the meeting for 15 minutes for those who didn't vote remotely
  • Scrutinizer: Himanshu Kaushik, Advocate (Enrl. No. D/1840/09) of Kaushik & Associates
  • Appointment date: 29 July 2026
  • Report issuance date: 01 October 2026

Key Voting Outcomes

Equity Shareholders Meeting

  • Record Date: 22 May 2026
  • Total shareholders eligible: 15,675
  • Total shares outstanding: 1,41,52,987
  • Total shares voted: 91,39,822 (64.58% of outstanding shares)
  • Votes in favor: 91,39,778 shares (99.9995% of votes cast)
  • Votes against: 44 shares (0.0005% of votes cast)
  • Invalid votes: Not applicable

Voting breakdown by mode:

  • Remote e-voting (prior to meeting): 91,37,003 shares (99.97% of votes cast)
  • E-voting during meeting: 2,819 shares (0.03% of votes cast)

Category-wise breakdown:

  • Promoter & Promoter Group: 91,00,867 shares voted (100% in favor)
  • Public Institutions: 0 shares voted
  • Public Non-Institutions: 38,955 shares voted (99.887% in favor, 0.113% against)

Secured Creditors Meeting

  • Cut-off Date: 31 March 2026
  • Total debt value: ₹1,28,44,99,069
  • Debt value voted: ₹125,79,27,018 (97.93% of total debt)
  • Votes in favor: 100% unanimous approval
  • Votes against: Not applicable
  • Invalid votes: Not applicable

Unsecured Creditors Meeting

  • Cut-off Date: 31 March 2026
  • Total creditors eligible: 653
  • Total debt value: ₹211,32,17,695
  • Debt value voted: ₹15,90,10,870 (7.5246% of total debt)
  • Votes in favor: 100% unanimous approval
  • Votes against: Not applicable
  • Invalid votes: Not applicable

Voting breakdown by mode:

  • Remote e-voting (prior to meeting): ₹15,76,68,987 (99.16% of votes cast)
  • E-voting during meeting: ₹13,41,883 (0.84% of votes cast)

Scrutinizer's Role and Findings

Himanshu Kaushik, Advocate, was appointed as scrutinizer by NCLT order dated 29.07.2026. His responsibilities included scrutinizing the voting process, ensuring fairness and transparency, and preparing the voting results report. The e-voting data was downloaded and unblocked in the presence of two independent witnesses (Cs Prabhakar Kumar and Cs Iswar Mohapatra). The electronic records were handed over to the company for safekeeping.

Compliance Confirmation

The management confirmed compliance with Companies Act, 2013, relevant rules, and NCLT directions issued vide order dated 29.07.2026 in Company Application No. CA(CAA) No. 41/230-232/ND/2026. The voting was conducted in accordance with SEBI Listing Regulations.

Additional Information

The information has been hosted on the company's website at www.ppapco.in. All resolutions were passed with requisite majority by their respective stakeholder groups.