Ampvolts Limited's promoter AV AC DC Renew Private Limited has disclosed the creation of a pledge on 29,23,980 equity shares in favor of Mufin Green Finance Limited. This pledge was created on March 4, 2026, and disclosed to BSE Limited on March 28, 2026, in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Pledge Creation Details

The encumbrance was created to secure working capital loan facilities availed by Ampvolts Limited. The regulatory disclosure was submitted by Vipul Chauhan, Director of AV AC DC Renew Private Limited.

Shareholding Impact Analysis

The pledge represents a significant portion of the promoter's total holdings in Ampvolts Limited. AV AC DC Renew Private Limited maintains its position as the major promoter with 55.25% of total share capital.

Regulatory Compliance Status

The disclosure confirms that the encumbered shares remain within regulatory thresholds. The pledged amount is below both the 50% promoter shareholding limit and 20% total share capital threshold.

Key Compliance Points:

• Encumbered shares less than 50% of promoter shareholding: Yes
• Encumbered shares less than 20% of total share capital: Yes
• Type of encumbrance: Pledge
• Previous encumbrances: Not Applicable

The disclosure was made pursuant to Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Ampvolts Limited shares are listed on BSE Limited under script code 535719.

Ampvolts Limited has successfully completed its postal ballot process on January 6, 2026, with shareholders demonstrating overwhelming support for all three proposed special resolutions. The company submitted detailed voting results to BSE Limited on January 7, 2026, in compliance with Regulation 44 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, followed by comprehensive regulatory filings under Regulation 30.

Postal Ballot Process and Compliance

The postal ballot was conducted under the scrutiny of Mr. Mehul Bambahroliya, a practicing Company Secretary from BMB & Associates, who was appointed as scrutinizer on November 14, 2025. The e-voting period commenced on December 8, 2025, at 9:00 AM IST and concluded on January 6, 2026, at 5:00 PM IST, providing shareholders with nearly a month to cast their votes.

Director Appointments with Unanimous Support

Shareholders approved the appointment of two new independent directors with remarkable consensus. Mr. Harnish Mahendrabhai Rao (DIN: 11357015) was appointed as an independent director, receiving 14,225,844 votes in favor against only 9 votes against, representing 99.99% approval. Similarly, Mr. Sahil Jayesh Rao (DIN: 11367592) secured his appointment as independent director with 14,225,843 votes in favor and 10 votes against, also achieving 99.99% approval.

Both directors have been appointed for a term of five consecutive years effective from November 14, 2025, and will not be liable to retire by rotation as per the provisions of the Companies Act, 2013.

Director Profiles and Qualifications

Mr. Harnish Rao brings extensive legal expertise as a highly qualified legal professional with over 25 years of experience in commerce and law. His dual expertise in corporate and legal domains provides unique perspectives in legal advisory, litigation, and dispute resolution. The company has confirmed that none of the existing directors are inter-se related to Mr. Harnish Rao.

Mr. Sahil Rao is a Chartered Accountant and Corporate Lawyer specializing in taxation and bankruptcy laws. He has handled numerous complex and precedent-setting cases, dedicating extensive hours to legal and tax research with focus on simplifying compliance and minimizing legal stress for clients. His dual qualification and diverse experience enable practical, business-oriented solutions for corporate and regulatory matters.

Memorandum of Association Amendment Details

The third special resolution involved amending the company's Memorandum of Association to expand its business objectives into electric vehicle services and retrofitting activities. The amendment received 14,225,844 votes in favor against 9 votes, maintaining the same 99.99% approval rate. The company has formally notified BSE Limited under Regulation 30 of SEBI Listing Regulations regarding these alterations.

Regulatory Documentation and Transparency

The company has fulfilled all regulatory requirements by submitting the scrutinizer's report, voting results, and minutes of postal ballot proceedings to BSE Limited. Managing Director Vipul Chauhan digitally signed the compliance documents on January 7, 2026. The voting results and scrutinizer's report have been made available on the company's website at www.ampvolts.com as required under regulatory provisions. The company has confirmed that both newly appointed directors are not debarred from holding directorship positions by virtue of any SEBI order or regulatory authority directives.