• SENSEX 73,033.78
    1,109.10 (+1.54%)
  • BANKNIFTY 55,481.05
    563.05 (+1.03%)
Back

Corporate News

PPAP Automotive shareholders approved Avinya Batteries amalgamation following NCLT order
30-Sep-2026, 08:54

PPAP Automotive Limited convened meetings of its equity shareholders, secured and unsecured creditors on Wednesday, September 30, 2026, via video conference and other audio-visual means, as directed by an order from the National Company Law Tribunal, New Delhi Bench, to approve the amalgamation of Avinya Batteries Limited with PPAP Automotive Limited. The meetings were chaired by Mr. Sanjiv Dutt, and scrutinized by Mr. Himanshu Kaushik, with key executives including Mr. Abhishek Jain and Mr. Sachin Jain also present, and notices and related documents were disseminated to members, creditors, and authorities, including advertisements in "Business Standard." Remote e-voting commenced on September 26, 2026, and concluded on September 29, 2026, with results to be announced within two working days and submitted to the National Stock Exchange of India Limited, BSE Limited, and the National Company Law Tribunal.