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.

Porwal Auto Components reported a net profit of ₹99.3 crore for the fiscal year ended March 31, 2026, a sharp rise from ₹1.6 crore in the previous year. The company also scheduled its 34th Annual General Meeting (AGM) for September 28, 2026.

Financial Performance

Revenue from operations grew 1.3% year-on-year to ₹1,422.6 crore, up from ₹1,404.5 crore in FY25. The profit before tax stood at ₹120.6 crore, compared to ₹1.9 crore in the prior year. Other income saw a significant increase to ₹82.0 crore from ₹2.3 crore, primarily driven by a ₹78.6 crore profit on the sale of fixed assets.

Total expenses decreased slightly to ₹1,384.0 crore from ₹1,404.8 crore. Depreciation expenses fell to ₹47.4 crore from ₹53.8 crore. The company did not declare any dividend for the financial year.

What the Numbers Show

The dramatic surge in profitability was not driven by operational revenue growth, which remained relatively flat at 1.3%. Instead, the bottom line expansion was largely fueled by non-recurring gains. The ₹78.6 crore profit on the sale of fixed assets accounted for the vast majority of the increase in other income, transforming a modest pre-tax profit into a substantial surplus. This indicates that the core operating margin improvement was modest compared to the impact of asset disposals.

AGM Details and Corporate Actions

The 34th AGM will be held via Video Conference or Other Audio-Visual Means (OAVM) on September 28, 2026, at 1:00 pm. The meeting aims to transact ordinary business, including the adoption of audited financial statements and the reappointment of Mr. Mukesh Utsavlal Jain as Whole Time Director and Chairman.

Special business items include:

• Ratification of remuneration for cost auditors M/s Nikhil Jain & Associates at ₹35,000 per year plus taxes.
• Approval of material related party transactions with Porwal Diesels Private Limited up to an aggregate of ₹50.0 crore for FY27.

The book closure period is from September 22, 2026, to September 28, 2026. The record date for voting rights is September 21, 2026.

Subsequent Capital Raise

Subsequent to the financial year-end, the company issued 17.5 lakh equity shares at ₹57 per share to non-promoters via preferential allotment. Additionally, 3.9 lakh warrants were issued to the promoter group at the same price, convertible into equity shares within 18 months upon payment of the balance amount.

Operational Outlook

Porwal Auto Components plans to install a High Pressure Moulding Line (HPML) to enhance production capacity and precision. The company currently operates a production capacity of approximately 21,600 MT per annum and is expanding this by an additional 1,200 MT. It has also invested in solar power plants aggregating 4.8 MW for captive consumption, with plans to increase capacity to 10 MW by 2030.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE386I01018/72c34ee8-14db-469b-9fad-12962772625b.pdf