Pavna Industries shareholders approved the disinvestment of two wholly owned subsidiaries with 99.94% support among non-promoter voters at its 32nd Annual General Meeting held on September 21, 2026.

The consolidated scrutinizer's report, submitted to stock exchanges on September 23, 2026, detailed the voting outcomes for five resolutions. Promoter group members abstained from voting on special resolutions regarding related party transactions and subsidiary disinvestments, as mandated by SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting Results Breakdown

The meeting, conducted at Pavna International School in Aligarh, saw high approval rates across all items. For the adoption of FY26 audited financial statements, 98,973,610 votes were cast in favour against 8,347 against, resulting in a 99.99% approval rate.

For the special resolutions concerning the disinvestment of stakes in Swapnil Switches Private Limited and Pavna Auto Engineering Private Limited, as well as the approval of related party transactions, the promoter group's votes were treated as invalid. Consequently, the approval relied entirely on public shareholders. In these cases, 13,169,607 votes were recorded in favour against 8,350 against, maintaining a 99.94% support rate among the non-promoter voting base.

Scrutinizer Report Details

Shantanu Jain of S.B. Jain & Associates served as the Scrutinizer. The report confirmed that remote e-voting ran from September 18, 2026, to September 20, 2026, via NSDL. A total of 77 members cast votes through remote e-voting, while 23 valid ballot papers were received at the venue.

Two ballot papers were rejected: one from a member who had already voted electronically, and another from a member whose folio details could not be traced. Additionally, votes aggregating to 8,58,04,000 shares from five interested parties, including promoters Swapnil Jain, Priya Jain, Asha Jain, PJ Wealth Management and Consultant Private Limited, and Pawan Jain HUF, were excluded from Items 2 through 5 due to their interest in the matters.

Governance and Attendance

Asha Jain, Chairperson and Executive Director, presided over the meeting. She was joined by Managing Director Swapnil Jain, Executive Director Priya Jain, Independent Director Dhruv Jain, and Non-Executive Director Sanjay Kumar Jain. Key Managerial Personnel present included Chief Financial Officer Palak Jain and Company Secretary Kanchan Gupta.

The Board had previously circulated the Notice convening the AGM and the Annual Report to all members. These documents were taken as read with the consent of those present. The voting results have been published on the company website and intimated to both the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited.

Pavna Industries Limited has completed construction of its upcoming manufacturing facility in Hosur, Tamil Nadu, and shifted its warehousing operations from rented to owned premises. The company plans to relocate its assembly lines from Aligarh to the new site by the end of the calendar year.

The shift follows the completion of the facility's construction, enabling the firm to transition its warehousing infrastructure immediately. Post-festive season, the company will begin moving assembly processes from its Uttar Pradesh unit to Hosur.

Operational Expansion

The establishment of the new warehousing unit and the planned relocation of assembly lines aim to strengthen Pavna Industries' presence in the South Indian market. The facility is designed to support growing requirements of original equipment manufacturer (OEM) customers in the region as the plant progresses toward full planned operations.

Management stated that the new infrastructure will enhance service capabilities and supply-chain efficiency. The move allows the company to cater more efficiently to customer requirements and business operations in southern India.

Company Profile

Pavna Industries Limited, formerly known as Pavna Locks Limited, was incorporated on April 19, 1994. The company manufactures automotive parts for passenger vehicles, two-wheelers, three-wheelers, heavy and light commercial vehicles, and off-road vehicles. Its product portfolio includes ignition switches, fuel tank caps, latches, auto locks, switches, oil pumps, throttle bodies, fuel cocks, and casting components.

The company operates manufacturing plants in Aligarh (Uttar Pradesh), Aurangabad (Maharashtra), and Pantnagar (Uttarakhand). It exports to Italy, Sri Lanka, Indonesia, Sudan, the U.S.A., and Bangladesh. Key customers include Bajaj, Kawasaki, Honda, TVS, Mahindra, Escorts, Royal Enfield, Ashok Leyland, Mahindra Wheels, Eicher Motors, Tork Motors, Revolt, and Mahindra Electric.