PENNAR INDUSTRIES LTD.-$

Pennar Industries Ltd is investing ₹5.80 Crores in ZAP91 Solar India Private Limited, a joint venture company, to fund the completion of a solar module manufacturing plant. The investment will be made in a single tranche, acquiring 45% of the shareholding. The plant, located in Sadashivpet, Telangana, is currently in the development phase and is expected to commence commercial production before June 30, 2026. ZAP91 Solar India Private Limited was incorporated on December 27, 2024, and will focus on the manufacture and sale of solar modules.

Pennar Industries Ltd. announced the approval of audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2026, during a board meeting held on May 26, 2026. The board also approved the appointment of internal and cost auditors for the financial year 2026-27 and an investment in ZAP91 Solar India Private Limited, a joint venture company. The auditor's report has an unmodified opinion.

Pennar Industries Ltd (PIL) announced its FY26 results with total income at ₹3,666.32 crore, up by 12.35%, and PAT at ₹138.83 crore, up by 16.22%. Q4FY26 total income stood at ₹933.70 crore, up by 2.26%, with PAT at ₹41.04 crore, up by 14.89%. The company received orders worth ₹902.26 crore across its business verticals.

Pennar Industries Ltd's board meeting on May 26, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board also appointed M/s. R Krishna & Associates as Internal Auditors and M/s. Kandikonda & Associates as Cost Auditors for FY 2026-27. Additionally, the board approved an investment in ZAP91 Solar India Private Limited, a joint venture company.

Pennar Industries Ltd has scheduled a Board of Directors meeting on May 26, 2026, to consider and approve the audited financial results (standalone and consolidated) for the financial year ended March 31, 2026. The trading window for dealing in the company's securities remains closed until 48 hours after the declaration of the financial results.

Pennar Industries Ltd issued a corrigendum to its Extra Ordinary General Meeting (EGM) notice dated April 10, 2026, for a meeting scheduled on May 8, 2026. The corrigendum was issued following a request from the National Stock Exchange of India Limited (NSE) to provide certain disclosures regarding a preferential issue of convertible equity warrants to Pennar Holdings Private Limited, a promoter. The updated disclosures include a revised equity shareholding pattern before and after the preferential issue, showing an increase in promoter holding from 39.67% to 40.98%. This corrigendum forms an integral part of the original EGM notice.

Bandhan Mutual Fund, through its scheme Bandhan Small Cap Fund, acquired an additional 0.0889% equity shares of Pennar Industries Ltd. on April 13, 2026. This acquisition, executed via the open market, increased Bandhan Mutual Fund's total holding in Pennar Industries to 5.0469% of the company's paid-up capital/voting rights. The disclosure was made under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as the holding crossed the 5% threshold.

Bandhan Mutual Fund, through its scheme Bandhan Small Cap Fund, acquired 1,20,000 equity shares of Pennar Industries Limited on April 13, 2026. This open market acquisition, representing 0.0889% of the paid-up capital, increased Bandhan MF's total holding in Pennar Industries to 5.0469%. This crosses the 5% threshold, triggering a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Pennar Industries Ltd. announced that its Extra-Ordinary General Meeting (EGM) will be held on May 8, 2026, at 11:00 A.M. IST. The meeting will be conducted virtually via video conferencing or other audio-visual means, facilitated by KFin Technologies Limited. In accordance with SEBI regulations and the Companies Act, the company will offer an e-voting facility for all resolutions. Remote e-voting will start on May 5, 2026, at 9:00 A.M. and close on May 7, 2026, at 5:00 P.M. The cut-off date for determining eligible members for e-voting is April 30, 2026. Members who attend the EGM and have not cast their vote remotely will still be able to vote during the meeting.

Pennar Industries Ltd announced the resignation of Mr. P V Rao, a Non-Executive Non-Independent Director, effective April 11, 2026. Mr. Rao tendered his resignation due to unavoidable personal situations, stating no other material reasons. He has a long association with the Pennar Group, having joined in January 2008 and being instrumental in establishing Pennar Engineered Building Systems. He also served as Joint Managing Director of Pennar Industries until early 2021. The company will complete the necessary regulatory filings.