Pavna Industries Acquires 52.38% Stake in Pavna Electric Systems

Pavna Industries Ltd announced its Board of Directors has approved the acquisition of a 52.38% equity stake in Pavna Electric Systems Private Limited, making it a subsidiary. The acquisition aims to leverage synergies in the automobile industry, utilizing complementary manufacturing capabilities, resources, technology, and market presence. The company also approved the disinvestment of its entire 50.74% stake in Pavna Auto Engineering Private Limited and Swapnil Switches Private Limited, which will result in them ceasing to be subsidiaries. The Board meeting also approved the notice and annual report for the 32nd Annual General Meeting scheduled for September 21, 2026.