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.

Pavna Industries Limited held a board meeting on January 28, 2026, where directors approved several strategic decisions including subsidiary investment and policy updates. The meeting, which commenced at 03:00 PM and concluded at 03:30 PM, addressed multiple corporate governance and business expansion matters.

Key Board Decisions

The board approved four major resolutions during the meeting:

Subsidiary Investment Details

The company approved investing ₹4,00,000 as subscription money for equity shares in its subsidiary Pavna SMC Private Limited. The investment structure involves acquiring 40,000 equity shares at ₹10 face value per share, giving Pavna Industries an 80% stake in the subsidiary.

Business Scope and Operations

Pavna SMC Private Limited, incorporated on November 05, 2025, will operate in the automobile industry focusing on electronic components. The subsidiary's business objectives include:

• Manufacturing electronic components for automobile industry (ICE & EV)
• Producing hardware for cupboard and door locks in residential and commercial sectors
• Developing components for aerospace and medical industries

The subsidiary has an authorized share capital of ₹5,00,000 and paid-up share capital of ₹5,00,000.

Postal Ballot Process

The board approved initiating a postal ballot process for special business matters requiring member consent. Mr. Shantanu Jain (Enrollment No. D-2803/2022) was appointed as scrutinizer to ensure fair and transparent voting procedures. The company will utilize NSDL's remote e-voting facility for the postal ballot process.

The postal ballot notice will be distributed to stock exchanges and company members, and made available on the company's website at www.pavna.in and stock exchange websites including BSE and NSE platforms.