Porwal Auto Components Limited secured shareholder approval to raise ₹12.25 crore through a preferential issue of equity shares and convertible warrants. The resolutions were passed during an Extraordinary General Meeting (EGM) held on June 5, 2026, via video conference. The company plans to issue 17,54,384 equity shares to non-promoter investors and 3,94,735 warrants to the promoter group to strengthen its financial position and support growth strategies.

The equity shares are priced at ₹57.00 each, including a premium of ₹47.00, aggregating to ₹9,99,99,888. The warrants, also priced at ₹57.00 each, are convertible into equity shares within 18 months from the date of allotment. The warrant issue requires an upfront payment of 25% of the price, with the remaining 75% payable upon conversion. The allotments are subject to in-principle approval by the stock exchanges and comply with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the Companies Act, 2013.

Resolution Details

The Board sought approval for two key resolutions. The specific details of the preferential issue are outlined below:

Investor Allocation

The preferential issue targets specific public investors and promoter group members. The allocation of securities and the corresponding amounts are detailed in the table below:

| Sr. No. | Name of Investor | Category | No. of Securities | Amount (

) | Type of Securities | |---:|:---|:---|---:|---:|:---| | 1 | Ms. Neha Nishant Gandhi | Public | 4,38,596 | 2,49,99,972 | Equity shares | | 2 | Mr. Nishant Lalitbhai Gandhi | Public | 4,38,596 | 2,49,99,972 | Equity shares | | 3 | Mr. Akshar Yatin Popat | Public | 4,38,596 | 2,49,99,972 | Equity shares | | 4 | Ms. Shreya Bhavesh Shah | Public | 4,38,596 | 2,49,99,972 | Equity shares | | 5 | Ms. Pramila Jain | Promoter Group | 21,930 | 12,50,010 | Convertible Warrants | | 6 | Mukesh Jain HUF | Promoter Group | 1,31,578 | 74,99,946 | Convertible Warrants | | 7 | Shailesh Jain HUF | Promoter Group | 87,719 | 49,99,983 | Convertible Warrants | | 8 | Gajendra Jain HUF | Promoter Group | 65,789 | 37,49,973 | Convertible Warrants | | 9 | Devendra Jain HUF | Promoter Group | 87,719 | 49,99,983 | Convertible Warrants |

Meeting Proceedings

The EGM was conducted in compliance with Ministry of Corporate Affairs and SEBI guidelines. Shraddha Jain, Practicing Company Secretary, served as the Scrutinizer. Voting results declared on June 9, 2026, showed 99.99% of valid votes cast in favor of the proposals. The meeting was attended by 42 members, including Chairman & Whole Time Director Mukesh Jain, Managing Director Devendra Jain, and Independent Directors Gautam Chand Kothari, Naveen Kumar Dhiman, and Mohit Handoo.

Porwal Auto Components Limited reported a net profit of ₹992.51 lakh for the financial year ended March 31, 2026, a substantial increase from ₹16.09 lakh in the previous year. Revenue from operations for FY26 stood at ₹14,226.23 lakh, compared to ₹14,044.67 lakh in FY25. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, during a meeting on May 27, 2026. The company published these results in newspapers, Free Press and Choutha Sansar, on May 28, 2026, under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company’s total income for FY26 rose to ₹15,045.76 lakh from ₹14,067.39 lakh in the previous year. Profit before tax for the year increased significantly to ₹1,205.86 lakh from ₹19.32 lakh in FY25. For the quarter ended March 31, 2026, the company recorded a net profit of ₹10.71 lakh, with revenue from operations at ₹3,643.11 lakh. In the corresponding quarter ended March 31, 2025, the net profit was ₹220.20 lakh on revenue of ₹3,922.71 lakh.

Key Financial Metrics

Auditor and Compliance

The statutory auditors, M/s. H. N. Jhavar & Co., Chartered Accountants, issued an audit report with an unmodified opinion on the financial results. The report confirms compliance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards ('Ind AS'). The Board also adopted the audited financial statements, including the balance sheet, statement of profit and loss, and cash flow statement for FY26.

Operational Highlights

The company’s total assets as of March 31, 2026, were reported at ₹9,442.01 lakh, up from ₹8,516.76 lakh in the previous year. Equity share capital remained unchanged at ₹1,510.00 lakh. The disclosures were submitted to BSE Limited under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.