Board Meeting11 May 2026, 09:31 pm
PPAP Automotive Reappoints Ajay Kumar Jain as CMD
AI Summary
PPAP Automotive Ltd's board reappointed Mr. Ajay Kumar Jain as Chairman and Managing Director for three years, effective November 1, 2026, subject to shareholder approval. The board also approved audited financial results for the year ended March 31, 2026, recommended a final dividend of ₹1.5 per share, approved the merger of Avinya Batteries Limited with PPAP Automotive, and approved the slump sale of the Tooling Business to Meraki Precision Tool Engineering Limited.
Key Highlights
- Ajay Kumar Jain reappointed as Chairman and Managing Director for three years.
- Board recommends a final dividend of ₹1.5 per equity share.
- Merger of Avinya Batteries Limited with PPAP Automotive approved.
- Slump sale of Tooling Business to Meraki Precision Tool Engineering Limited approved.
- Audited financial results for the year ended March 31, 2026, approved with unmodified opinion from auditors.
Price Impact
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