Porwal Auto Components held its 34th Annual General Meeting on September 28, 2026, through Video Conference and Other Audio Visual Means. The meeting concluded at 1:29 pm after shareholders considered four key resolutions, including the adoption of standalone financial statements for the fiscal year ended March 31, 2026.

Meeting proceedings and attendance

The Annual General Meeting was convened in accordance with the Companies Act, 2013, and guidelines issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. All existing directors, the Secretarial Auditor, Cost Auditors, and Statutory Auditors were present. The quorum was confirmed by Managing Director Devendra Jain, who noted that the auditors' reports contained no qualifications or adverse remarks.

Ms. Hansika Mittal, Company Secretary, welcomed members and facilitated the proceedings. The meeting allowed for e-voting during the session for attendees who had not voted via remote e-voting. No registered speakers participated in the Question and Answer session.

Key resolutions passed

Shareholders voted on four items listed in the notice dated September 5, 2026. The resolutions covered ordinary and special business items essential for corporate governance and operational continuity.

Mukesh Utsavlal Jain was appointed as Whole Time Director and Chairman, liable to retire by rotation. The board also sought approval for material related party transactions to be entered into during the upcoming fiscal year.

Capital structure update

During his address, Devendra Jain highlighted that the company recently strengthened its capital base through a preferential issue of equity shares and convertible warrants. This move indicates a strategic effort to bolster liquidity and support future growth initiatives, although specific quantum details were not disclosed in the summary of proceedings.

Next steps

The results of the voting, including remote e-voting and e-voting during the meeting, along with the Scrutinizer's Report, will be submitted to the stock exchanges within 48 hours of the meeting's conclusion. The e-voting facility remained open for 15 minutes after the formal conclusion of the AGM to ensure all attending members could cast their votes.

Porwal Auto Components Limited has scheduled its 34th Annual General Meeting for Monday, September 28, 2026. The meeting will be held at 1:00 pm via video conferencing or other audio-visual means.

The company notified the BSE on September 5, 2026, under Regulations 30 and 36(1)(b) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Shareholders who have not registered email addresses with the company, its Registrar and Share Transfer Agent (RTA), or depository participants will receive physical letters containing the web link to access the meeting notice and the Annual Report for FY26.

Accessing the Annual Report

The complete Annual Report for the financial year 2025-26 is available on the company’s website. Shareholders can access the document directly through the designated path on the corporate portal.

Regulatory Compliance and KYC Updates

The intimation serves as a reminder for security holders holding shares in physical mode to update their Know Your Customer (KYC) details. This requirement aligns with SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024.

Shareholders must record their PAN, address with PIN code, mobile number, bank account details, specimen signature, and nomination choice. While updating an email ID is optional, the company encourages registration to facilitate online services. Physical folios lacking updated PAN, nomination, contact details, bank account information, or specimen signatures are eligible for payments such as dividends only through electronic mode, effective from April 1, 2024.

Contact Information

Shareholders requiring assistance can contact the RTA, MUFG Intime India Private Limited (formerly Link Intime India Private Limited). The formats for updating KYC details, including Forms ISR-1, ISR-2, ISR-3, SH-13, SH-14, and relevant SEBI circulars, are available on the RTA’s website.