PPAP Automotive Shareholders' Meeting on Sep 30 for Amalgamation with Avinya Batteries
PPAP Automotive Limited will hold a shareholder meeting on September 30, 2026, to vote on the amalgamation scheme with Avinya Batteries Limited. Shareholders of record as of May 22, 2026, can participate. Remote e-voting is open from September 26-29, 2026.
The amalgamation of two companies is a significant corporate event that can have a material impact on the combined entity's future operations, financial performance, and market position. Therefore, it warrants a medium impact assessment.
The announcement is a procedural disclosure regarding a shareholder meeting for an amalgamation scheme, which is a standard corporate action. It does not contain any immediate positive or negative financial implications beyond the process itself.
PPAP Automotive Limited has announced a meeting of its shareholders, scheduled for September 30, 2026, at 10:30 AM. This meeting will be conducted via Video Conferencing/Other Audio-Visual Means (VC/OAVM) as per the order dated July 29, 2026, from the National Company Law Tribunal, New Delhi Bench. The purpose of the meeting 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. Shareholders whose names are recorded as of the cut-off date, May 22, 2026, are eligible to vote. The remote e-voting facility will be available from September 26, 2026 (9:00 am) to September 29, 2026 (5:00 pm). Mr. Sanjiv Dutt has been appointed as the Chairperson for the meeting, and Mr. Himanshu Kaushik will serve as the Scrutinizer.
A plain-language summary of a public exchange filing by PPAP Automotive Limited. Read the original for the full detail.