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Merger29 Aug 2026, 05:20 pm

PPAP Automotive Ltd Announces Shareholder Meeting for Amalgamation with Avinya Batteries

AI Summary

PPAP Automotive Limited has announced a crucial meeting of its shareholders scheduled for September 30, 2026, at 10:30 AM. This meeting, to be conducted via Video Conferencing/Other Audio-Visual Means (VC/OAVM), is in accordance with an order from the National Company Law Tribunal (NCLT), New Delhi Bench, dated July 29, 2026. The purpose of the meeting is to discuss and vote on the proposed scheme of amalgamation where Avinya Batteries Limited (Transferor Company) will merge with PPAP Automotive Limited (Transferee Company). Shareholders registered as of the cut-off date, May 22, 2026, are eligible to vote. Remote e-voting will be available from September 26 to September 29, 2026. The notice, including details for e-voting and meeting participation, has been dispatched to shareholders and is also available on the company's website.

Key Highlights

  • Shareholder meeting scheduled for September 30, 2026, to approve amalgamation.
  • Meeting will be held via Video Conferencing with remote e-voting facility.
  • Amalgamation involves Avinya Batteries Limited merging with PPAP Automotive Limited.
  • Eligibility to vote is based on shareholding as of May 22, 2026.
  • Remote e-voting window: September 26-29, 2026.