Dividend11 May 2026, 09:31 pm
PPAP Automotive Approves ₹1.5 Dividend Per Share
AI Summary
PPAP Automotive Ltd's board has approved a final dividend of ₹1.5 per equity share of ₹10 each for the financial year ended March 31, 2026, subject to shareholder approval at the upcoming AGM. The dividend, if approved, will be paid within 30 days of the AGM. The board also approved audited financial results, re-appointment of Mr. Ajay Kumar Jain as Chairman and Managing Director, merger of Avinya Batteries Limited with PPAP Automotive, and the slump sale of the Tooling Business to Meraki Precision Tool Engineering Limited.
Key Highlights
- PPAP Automotive board approved a final dividend of ₹1.5 per share.
- Audited financial results for the year ended March 31, 2026, were approved.
- Re-appointment of Ajay Kumar Jain as Chairman and MD approved.
- Merger of Avinya Batteries Limited with PPAP Automotive approved.
- Slump sale of Tooling Business to Meraki Precision approved.
Price Impact
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