NCLT-convened meetings of shareholders and creditors held on amalgamation of Avinya Batteries

NCLT-convened meetings were held on 30th September 2026 by video conferencing to consider the Scheme of Amalgamation of Avinya Batteries Limited (Transferor) with PPAP Automotive Limited (Transferee).

Wed 30 Sep 2026

Meeting Date

30th September 2026

Scheme

Scheme of Amalgamation of Avinya Batteries Limited (Transferor) with PPAP Automotive Limited (Transferee)

E-voting Period

26th September 2026 9:00 a.m. to 29th September 2026 5:00 p.m.

Results Timeline

Within two working days; shared with NCLT within seven days

What this update says

PPAP Automotive Limited has reported the proceedings of meetings convened under the direction of the National Company Law Tribunal, New Delhi Bench, by its order dated 29th July 2026. The meetings were held on 30th September 2026 through video conferencing / other audio-visual means.

The purpose of the meetings was to consider approval of the Scheme of Amalgamation of Avinya Batteries Limited (Transferor Company) with PPAP Automotive Limited (Transferee Company) and their respective shareholders.

The three meetings

• Meeting of equity shareholders: 10.30 a.m. (IST)
• Meeting of secured creditors: 12.30 p.m. (IST)
• Meeting of unsecured creditors: 3.30 p.m. (IST)
• Quorum was present in all the meetings

Who attended

• Mr. Sanjiv Dutt, IRS(R), Ex-Member, NCLT, appointed by the NCLT as Chairperson of the meeting
• Mr. Himanshu Kaushik, Advocate, appointed by the NCLT as Scrutinizer
• Mr. Abhishek Jain, Managing Director & CEO
• Mr. Sachin Jain, Chief Financial Officer
• Ms. Pankhuri Agarwal, Company Secretary & Compliance Officer

Voting process

Notices with the explanatory statement under Section 102 of the Companies Act read with Sections 230(3) and 232(2), a copy of the Scheme and related documents were emailed to members, creditors and statutory authorities as directed by the NCLT. Advertisements were published in Business Standard (English, Delhi edition) and Business Standard (Hindi, Delhi edition).

• Remote e-voting commenced 26th September 2026 at 9:00 a.m. (IST)
• Remote e-voting concluded 29th September 2026 at 5:00 p.m. (IST)
• E-voting window kept open for 15 minutes after conclusion of the meetings

What happens next

• Voting results to be announced within two working days, posted on the Company's website and shared with NSE and BSE
• Voting results to be submitted to the NCLT within seven days of conclusion of the meetings

How investors may read this

This is a procedural step in the court-approved merger process. The amalgamation still requires the outcome of the votes and subsequent sanction by the NCLT. Investors may want to watch for the voting results and the final NCLT order for the effect of the merger on the Company.

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