PPAP Automotive Ltd (PPAP) — Corporate Action | 29 August 2026 (3 announcements)

PPAP Automotive announced a scheme of arrangement to amalgamate Avinya Batteries Limited with PPAP Automotive Limited, requiring shareholder approval at a virtual meeting on 30 September 2026. Shareholders listed as of 22 May 2026 can vote proportionally via e-voting from 26 to 29 September 2026. The meeting will be conducted via video conferencing with remote voting options, and the scheme involves no new share issuance or dilution, preserving all assets, liabilities, and employee terms. The transaction is governed under Sections 230-232 of the Companies Act, 2013, and requires NCLT sanction.

PPAP Automotive announced a Scheme of Arrangement to amalgamate its unlisted subsidiary Avinya Batteries Limited into the parent company effective April 1, 2026. The scheme involves no share exchange or consideration, dissolving the subsidiary without winding up while transferring all assets, liabilities, and statutory rights to PPAP Automotive. Board approval cited synergies, cost reduction, and centralized management as key benefits. Shareholders and key managerial personnel face no dilution or impact, with all regulatory approvals including NCLT sanction required before implementation.

PPAP Automotive announced a scheme of amalgamation where its wholly-owned subsidiary Avinya Batteries will merge into PPAP effective April 1, 2026. The Board approved the merger on May 5 and 11, 2026, citing operational synergies, cost reduction, and centralized management. Shareholders face no dilution as the subsidiary is fully owned. The scheme requires NCLT approval and creditor voting via e-voting from September 26-29, 2026, with results filed within two working days.