Pavna Industries Limited , a prominent player in the automotive components sector, has taken a significant step towards diversifying its product portfolio. The company announced the incorporation of a new joint venture subsidiary, PAVNA SMC Private Limited, in partnership with Smartchip Microelectronics Corp.

Key Details of the Joint Venture

Business Focus

The newly formed subsidiary aims to manufacture electronic components for various industries, including:

• Automobile industry (ICE and EV sectors)
• Hardware for cupboard/door locks in residential/commercial industries
• Aerospace sector
• Medical sector

This strategic move aligns with Pavna Industries' commitment to innovation and expansion into high-growth areas of the automotive and related industries.

Regulatory Compliance

The incorporation of PAVNA SMC Private Limited has been approved by the Ministry of Corporate Affairs, with the Certificate of Incorporation issued on November 5, 2025. This development has been duly reported to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Management's Perspective

While specific comments from the management regarding this joint venture were not provided, the move suggests Pavna Industries' intent to strengthen its position in the evolving automotive landscape, particularly in the growing electronic components segment.

Potential Impact

This joint venture could potentially enhance Pavna Industries' capabilities in the following areas:

1. Diversification of product offerings
2. Entry into the rapidly growing EV component market
3. Leveraging synergies with Smartchip Microelectronics Corp's expertise

As the automotive industry continues to evolve with a focus on electrification and advanced electronics, Pavna Industries' latest venture positions it to capitalize on these emerging opportunities.

Investors and industry observers will likely keep a close watch on how this new subsidiary contributes to Pavna Industries' growth trajectory and market position in the coming years.

Pavna Industries Limited , a prominent manufacturer of automotive components, has taken a significant step towards enhancing its innovation capabilities by opening a new research and development (R&D) center in Noida, Uttar Pradesh. This strategic move underscores the company's commitment to technological advancement and product innovation in the automotive sector.

Key Highlights of the New R&D Center

• Location: Sector-63, Noida, Uttar Pradesh
• Focus Areas: Electronic components, lock systems, switches, and advanced automotive solutions
• Objectives:
  • Enhance capabilities in designing and developing technologically advanced products
  • Accelerate product development
  • Improve efficiency
  • Deliver greater value to OEM partners and end customers

Strategic Importance

The establishment of this state-of-the-art R&D facility aligns with Pavna Industries' long-term strategy to strengthen its position in the automotive components market. By investing in research and development, the company aims to:

1. Stay ahead of evolving customer needs
2. Meet global standards in automotive engineering
3. Reinforce India's position in advanced automotive technology

Management's Perspective

Mr. Swapnil Jain, Managing Director of Pavna Industries Ltd., emphasized the significance of this development, stating, "The establishment of our R&D Centre in Noida marks a significant milestone in our innovation journey. It reflects our unwavering commitment to technological excellence and to strengthening India's position in advanced automotive engineering."

Company Overview

Pavna Industries Limited, formerly known as Pavna Locks Limited, has been a key player in the South Asian automotive industry for over 50 years. The company specializes in manufacturing a wide range of high-quality automotive parts for various vehicle segments, including:

• Passenger vehicles
• Two-wheelers
• Three-wheelers
• Commercial vehicles
• Off-road vehicles

Product Portfolio and Market Presence

The new R&D center in Noida is expected to play a crucial role in Pavna Industries' ongoing efforts to enhance its product portfolio, improve quality, and upgrade manufacturing processes. This development, coupled with the company's existing joint ventures and technical collaborations, positions Pavna Industries to meet the evolving demands of the automotive industry and maintain its competitive edge in the market.

As the automotive sector continues to evolve with emerging technologies and shifting consumer preferences, Pavna Industries' investment in R&D demonstrates its proactive approach to innovation and its commitment to remaining at the forefront of the industry.