Board Meeting11 May 2026, 05:41 pm
PPAP Automotive Approves FY26 Results, ₹1.5 Dividend
AI Summary
PPAP Automotive Ltd's board approved audited financial results for the year ended March 31, 2026, with an unmodified audit opinion from M/s TR Chadha & Co. LLP. A final dividend of ₹1.5 per equity share has been recommended, subject to shareholder approval. The reappointment of Mr. Ajay Kumar Jain as Chairman and Managing Director for three years was also approved. Additionally, the board approved the merger of Avinya Batteries Limited with PPAP Automotive and the slump sale of the Tooling Business to Meraki Precision Tool Engineering Limited.
Key Highlights
- Audited financial results (standalone & consolidated) for FY26 approved with unmodified audit opinion.
- Final dividend of ₹1.5 per share recommended, pending shareholder approval.
- Re-appointment of Ajay Kumar Jain as Chairman and Managing Director approved.
- Merger of Avinya Batteries Limited with PPAP Automotive approved.
- Slump sale of Tooling Business to Meraki Precision Tool Engineering Limited approved.