PPAP Automotive has scheduled a meeting of its unsecured creditors for September 30, 2026, to consider and approve the scheme of amalgamation of its wholly owned subsidiary, Avinya Batteries Limited. The National Company Law Tribunal (NCLT), New Delhi Bench, directed the convening of the meeting via an order dated July 29, 2026.

The meeting will be held through video conferencing at 3:30 pm. Remote e-voting for unsecured creditors will be available from September 26, 2026, at 9:00 am to September 29, 2026, at 5:00 pm. Voting rights are determined in proportion to the outstanding amount due as on the cut-off date of March 31, 2026.

Secured Creditors Meeting Details

Previously, PPAP Automotive had scheduled a separate meeting of its secured creditors for the same day, September 30, 2026, at 12:30 pm. Both meetings aim to secure stakeholder approval for the merger scheme under Sections 230 to 232 of the Companies Act, 2013.

Scheme Details and Rationale

Avinya Batteries Limited is engaged in manufacturing lithium-ion battery pack solutions for two-wheeler and three-wheeler industries, as well as energy storage systems. PPAP Automotive manufactures sealing systems and injection-moulded products for the automotive sector.

The proposed amalgamation aims to consolidate operations to achieve synergies in operational and financial management. The company stated that the merger will reduce operating and administrative costs, improve profitability, and allow for centralized management of funds to support future growth opportunities.

Financial Position and Capital Structure

As of March 31, 2026, Avinya Batteries reported a net loss of ₹715.52 lakh for the year ended March 31, 2026, compared to a net loss of ₹797.48 lakh in the previous year. Revenue from operations stood at ₹1,446.71 lakh for FY26, up from ₹635.31 lakh in FY25.

PPAP Automotive reported a standalone net profit of ₹3,343.48 lakh for FY26, compared to ₹1,409.27 lakh in FY25. Revenue from operations was ₹53,629.54 lakh for the year ended March 31, 2026.

Accounting Treatment and Appointed Date

The appointed date for the scheme is April 1, 2026. Upon effectiveness, the entire share capital of Avinya Batteries will stand cancelled without any new shares being issued by PPAP Automotive. The amalgamation will be accounted for using the 'Pooling of Interest Method' under IND-AS 103.

All assets and liabilities of Avinya Batteries will vest in PPAP Automotive at their carrying values. Inter-company balances between the two entities will be adjusted off. The statutory auditors, T R Chadha & Co LLP, have certified that the proposed accounting treatment complies with Indian Accounting Standards.

What the Numbers Show

The financial data reveals a divergence in performance between the parent and subsidiary. While PPAP Automotive generated a net profit of over ₹3,300 lakh, Avinya Batteries incurred a net loss of ₹715.52 lakh. The consolidation aims to absorb these losses within the larger entity's operational framework, potentially leveraging PPAP’s stronger revenue base of ₹53,629.54 lakh to support the battery business unit.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE095I01015/e360503e-bcc8-4236-8609-4cc513e2dbe9.pdf

PPAP Automotive Limited has scheduled its 31st Annual General Meeting (AGM) for September 18, 2026. The meeting will commence at 11:30 am and will be conducted through video conferencing or other audio-visual means.

The company issued the notice pursuant to Regulation 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was filed with both the Bombay Stock Exchange and the National Stock Exchange of India Limited on August 24, 2026.

Meeting Details

The AGM aims to address routine business matters for the financial year 2025-26. Shareholders will participate remotely, adhering to the prescribed digital protocols for corporate meetings.

Annual Report Availability

The annual report for FY26 is available for review alongside the AGM notice. Investors can access these documents on the company’s official website at www.ppapco.in . The filing confirms the company’s compliance with statutory disclosure requirements for the period ending March 31, 2026.

Pankhuri Agarwal, Company Secretary and Compliance Officer, signed the disclosure notice. The document serves as formal intimation to shareholders regarding the upcoming governance event.