PPAP Automotive Ltd. to Hold Shareholder and Creditor Meetings for Amalgamation Scheme

PPAP Automotive Limited announced that, pursuant to an order dated July 29, 2026, from the National Company Law Tribunal (NCLT), New Delhi Bench, meetings of its equity shareholders, secured creditors, and unsecured creditors will be convened. These meetings are scheduled for Wednesday, September 30, 2026. The equity shareholders' meeting will commence at 10:30 AM, followed by the secured creditors' meeting at 12:30 PM, and the unsecured creditors' meeting at 03:30 PM. The purpose of these meetings is to consider and approve the Scheme of Amalgamation of Avinya Batteries Limited (Transferor Company) with PPAP Automotive Limited (Transferee Company) and their respective shareholders.

These meetings will be conducted exclusively through Video Conferencing (VC) or Other Audio Visual Means (OAVM), in compliance with applicable regulations and NCLT orders. The notice and related documents, including the Scheme of Arrangement, have been dispatched electronically to shareholders and creditors and are also available on the company's website, www.ppapco.in, and through the e-voting facility provider, MUFG Intime India Private Limited, at www.mpms.mufg.com.

PPAP Automotive Limited also published newspaper advertisements regarding these upcoming meetings on August 31, 2026, in Business Standard (English and Hindi). The amalgamation scheme, if approved by the requisite majority of shareholders and creditors, will be subject to further approvals from the NCLT and other regulatory authorities.