PPAP Automotive Limited (PPAP) — Board Meeting

📢 Key Event
Board approved FY2026 results, recommended Rs 1.50 dividend, reappointed Ajay Kumar Jain until 2029, and sanctioned Avinya Batteries merger and Tooling Business slump sale to Meraki Precision Tool Engineering.

🔄 What Changed
Recommended Rs 1.50 per share final dividend; reappointed Chairman Ajay Kumar Jain for 2026-2029; approved merger of Avinya Batteries into PPAP; approved slump sale of Tooling Business to Meraki Precision Tool Engineering; allotted employee stock options.

💡 Investor Takeaway
The dividend recommendation and leadership reappointment signal confidence, while the merger and slump sale aim to streamline operations and reduce costs, potentially improving future profitability and shareholder value.

PPAP Automotive approved FY2026 audited results recommending a Rs 1.50 per share final dividend, reappointing Chairman Ajay Kumar Jain until 2029, and sanctioning the merger of Avinya Batteries into PPAP and slump sale of its Tooling Business to Meraki Precision Tool Engineering. The Board also allotted employee stock options. The filing includes an unmodified auditor's opinion on standalone financials showing total assets of Rs 74,561.37 lakhs as of March 31, 2026.

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