Porwal Auto Components Ltd — Updates, 13-08-2025: Company Update

The Board has approved the re-appointment of Mr. Devendra Jain as Managing Director and Mr. Mukesh Utsavlal Jain as Whole Time Director for a further three-year term, effective August 1, 2026, pending shareholder approval. Additionally, Mr. Mukesh Utsavlal Jain has been appointed Chairman of the Company, effective immediately, while continuing his Whole Time Director role. These decisions, following the Nomination and Remuneration Committee's review, ensure leadership continuity. Both Mr. Devendra Jain and Mr. Mukesh Utsavlal Jain are brothers, maintaining stability in the company's top management. This move provides clarity on strategic leadership for shareholders.