Pavna Industries Limited has announced the successful completion of its postal ballot process, with all four proposed resolutions receiving shareholder approval through remote e-voting. The company submitted the voting results to BSE Limited and The National Stock Exchange of India Ltd on March 02, 2026, in compliance with Regulation 44 of SEBI (LODR) Regulations, 2015.

Postal Ballot Process Overview

The postal ballot notice was issued on January 28, 2026, with remote e-voting commencing on January 31, 2026, and concluding on March 01, 2026. The cut-off date for determining eligible shareholders was January 23, 2026, with a total of 11,275 members eligible to participate in the voting process.

Resolution Details and Voting Results

All four resolutions were successfully passed with strong support from public shareholders. The voting results demonstrate significant participation from public non-institutional investors, while promoter group votes were categorized as invalid due to their interested party status under SEBI regulations.

Resolution 1: Board Authorization for Loans and Guarantees (Section 185)

Resolution 2: Board Authorization for Investments (Section 186)

Resolution 3: Material Modification in Related Party Transactions

Resolution 4: Material Related Party Transactions

Shareholding Structure and Participation

The company's total share capital stands at 139,530,000 shares, with promoter and promoter group holding 85,804,000 shares. Public institutions hold 8,039,978 shares, while public non-institutions hold 45,686,022 shares. The voting participation rate among eligible shares was 10.89%, excluding the promoter group votes that were declared invalid.

Regulatory Compliance

In accordance with SEBI (ICDR) Regulations, 2018, votes cast by interested persons in related party transactions are categorized as "Invalid Votes." Consequently, 85,804,000 votes from the promoter and promoter group were declared invalid across all resolutions due to their interested party status. The resolutions were deemed passed on March 01, 2026, being the last date of remote e-voting, and the detailed voting results are available on the company's website at www.pavna.in .

Pavna Industries Limited announced robust financial results for the third quarter and nine months ended December 31, 2025, following the board meeting held on February 11, 2026. The company demonstrated strong operational performance with significant growth across key financial metrics on a consolidated basis.

Consolidated Q3FY26 Financial Performance

The company delivered exceptional performance in the third quarter with consolidated revenue from operations reaching ₹108.03 crore compared to ₹79.43 crore in Q3FY25, representing growth of 36.00%. Net profit showed remarkable improvement, surging 297.37% to ₹3.02 crore from ₹0.76 crore in the corresponding quarter of the previous year.

Strategic Developments and Expansion Plans

During the quarter, Pavna Industries achieved several strategic milestones to strengthen its market position. The company signed a Memorandum of Understanding with the Government of Uttar Pradesh to invest ₹250 crore over the next 3-5 years for expanded manufacturing project development in the state. This investment aims to strengthen production capabilities and support industrial growth.

Infrastructure and Innovation Enhancement

The company inaugurated a state-of-the-art R&D Centre in Sector-63, Noida, enhancing its automotive innovation capabilities with focus on electronic components, advanced lock systems and switches to meet evolving OEM technology requirements. Additionally, Pavna Industries announced the acquisition of an additional 4.33 acres of contiguous land near the upcoming Jewar Airport in Uttar Pradesh, marking its fourth strategic land purchase in the area.

Management Commentary

Commenting on the results, Managing Director Swapnil Jain stated that Q3FY26 represented a strategically important quarter marked by sustained operational momentum and continued investments to support long-term growth. He emphasized the company's focus on innovation, EV-led product development and customer partnerships, positioning Pavna Industries to pursue its strategic ambition of becoming a market leader in the automotive components sector.