PPAP Automotive Limited (PPAP) — Corporate Action

📢 Key Event
PPAP Automotive declares Rs 1.50 final dividend, approves Avinya Batteries merger and Tools Business slump sale.

🔄 What Changed
Final dividend of Rs 1.50 per share proposed; merger of Avinya Batteries and slump sale of Tools Business approved; auditor issues unmodified opinion on FY2025-26 results.

🔮 What's Next
Dividend payment within 30 days of AGM; merger effective 1 April 2026; slump sale completion targeted by 30 October 2026.

💡 Investor Takeaway
Shareholders receive Rs 1.50 per share dividend, while structural changes may improve long-term focus but do not alter ownership.

PPAP Automotive announced a final dividend of Rs 1.50 per share for FY2025-26, approved by the board on 11 May 2026, payable within 30 days of the AGM. The unmodified audit confirms FY2025-26 net profit of Rs 450,451 lakhs and revenue of Rs 17,508.09 lakhs. Concurrently, the company approved the merger of its subsidiary Avinya Batteries and slump sale of the Tools Manufacturing Business to Meraki Precision Tool Engineering, effective 1 April 2026, with no change in shareholding. The auditor’s unmodified opinion validates financials, while the amalgamation and asset transfer follow Section 230 of the Companies Act under the pooling of interest method.

📄 View Original Announcement (PDF)

📊 Stock Analysis — PPAP ✨ Ask AI About This