Merger29 Aug 2026, 05:31 pm
PPAP Automotive Ltd: Unsecured Creditors Meeting for Amalgamation
AI Summary
PPAP Automotive Limited has announced a meeting of its unsecured creditors to discuss the scheme of amalgamation with Avinya Batteries Limited. The meeting, convened as per the National Company Law Tribunal's (NCLT) order, will be held on September 30, 2026, at 3:30 PM via Video Conferencing/Other Audio-Visual Means (VC/OAVM). Unsecured creditors as of March 31, 2026, are eligible to attend and vote. Remote e-voting will be available from September 26 to September 29, 2026. The notice includes details on the amalgamation scheme, NCLT order, and related board resolutions.
Key Highlights
- Unsecured creditors meeting scheduled for September 30, 2026.
- Meeting concerns the amalgamation of Avinya Batteries with PPAP Automotive.
- Voting rights are proportional to outstanding amounts as of March 31, 2026.
- Remote e-voting facility available from September 26-29, 2026.
- Meeting to be conducted via Video Conferencing (VC/OAVM).
Price Impact
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