Pennar Industries Limited has concluded its board meeting held on April 10, 2026, with significant decisions including approval of a substantial warrant issue, director appointments, and scheduling of an extraordinary general meeting.

Warrant Issue Approval

The board has approved the issuance of up to 30,00,000 convertible equity warrants to Pennar Holdings Private Limited, a promoter entity. The warrants are priced at ₹168 per warrant, representing a total issue size of ₹50,40,00,000.

Each warrant is convertible into one fully paid-up equity share of face value ₹5. The warrants can be exercised in one or more tranches during the 18-month period commencing from the date of allotment. An upfront payment equivalent to 25% of the total issue size will be called from the proposed allottee.

Shareholding Impact

The preferential issue will increase the promoter entity's shareholding in the company. Based on the BENPOS as of April 3, 2026, Pennar Holdings Private Limited currently holds 2,10,05,455 shares representing 15.57% of the company.

Board Changes and EGM Scheduling

The board has approved the re-appointment of Mr. RVS Ramakrishna as an Independent Director for a second consecutive term of five years effective June 4, 2026. Mr. Ramakrishna is a graduate in Chemical Technology from BITS Pilani and holds a PGDM from IIM Ahmedabad.

Simultaneously, the board noted the resignation of Mr. P V Rao as Non-Executive Non-Independent Director effective April 11, 2026, due to unavoidable personal circumstances.

The company has scheduled an Extraordinary General Meeting on May 8, 2026, through video conferencing to seek shareholder approval for the warrant issue. The cut-off date for determining eligible voting members has been fixed as April 30, 2026.

Regulatory Compliance

The warrant issue is being conducted under Section 42 and Section 62(1)(c) of the Companies Act, 2013, and Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The issuance is subject to regulatory and statutory approvals and shareholder approval through the proposed EGM.

Pennar industries Limited has completed its quarterly regulatory filing by submitting the certificate under Regulation 74(5) of the Securities Exchange Board of India (Depositories and Participants) Regulations 2018 for the quarter ended March 31, 2026. The submission was made on April 2, 2026, to both BSE Limited and the National Stock Exchange of India Limited.

Regulatory Compliance Certificate

The certificate was issued by Kfin Technologies Limited, serving as the Registrar and Share Transfer Agent for Pennar Industries. The document, dated April 1, 2026, certifies compliance with SEBI's depositories regulations for the fourth quarter of fiscal year 2026.

Depositories Notification

Kfin Technologies Limited issued separate certificates to both major depositories in India - National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). The certificates confirm that details of securities dematerialized and rematerialized during the quarter have been furnished to all stock exchanges where the company's shares are listed.

Company Secretary Certification

The submission was signed by Mirza Mohammed Ali Baig, Company Secretary and Compliance Officer (ACS 29058), who digitally signed the document on April 2, 2026. The filing was made from the company's registered office in Hyderabad, Telangana.

Stock Exchange Filing

The regulatory filing was submitted to both major Indian stock exchanges where Pennar Industries shares are traded. The company maintains its listing compliance across multiple exchanges, ensuring transparency in securities transactions and adherence to depositories regulations.

This quarterly certificate represents part of Pennar Industries' ongoing commitment to regulatory compliance and transparent reporting to market participants and regulatory authorities.