Pavna Industries to Divest Stakes in Subsidiaries, Acquire New One

Pavna Industries Ltd announced its board has approved the disinvestment of its entire stake in Swapnil Switches Private Limited and Pavna Auto Engineering Private Limited, which will consequently cease to be subsidiaries. Simultaneously, the company approved the acquisition of a 52.38% equity stake in Pavna Electric Systems Private Limited, making it a new subsidiary. The board also approved the notice and annual report for the 32nd Annual General Meeting, scheduled for September 21, 2026, and appointed NSDL for e-voting and Mr. Shantanu Jain as Scrutinizer. The board meeting took place on August 24, 2026.