Porwal Auto Shareholders Approve Share Issuance & Warrants

Porwal Auto Components Ltd held an Extra-Ordinary General Meeting (EGM) on June 5, 2026, where shareholders approved the issuance of up to 17,54,384 equity shares to non-promoters at ₹57 per share, raising approximately ₹9.99 crore. Additionally, the company received approval for issuing up to 3,94,735 convertible warrants to the promoter group at ₹57 per warrant, potentially raising around ₹2.25 crore. These issuances are subject to in-principle approval from the stock exchange and other regulatory authorities. The warrants are convertible into equity shares within 18 months.