Pavna Industries Limited — Important, 14-08-2025: Memorandum of Understanding/Agreements

Pavna Industries Limited has formed a Joint Venture with SmartChip Microelectronic Corporation to manufacture electronic components for the auto (ICE & EV), aero, medical, and hardware industries. Pavna will hold an 80% stake in the JV, making it a subsidiary, while SmartChip will hold 20%. The JV's initial paid-up capital is Rs 0.05 Cr. This strategic move diversifies Pavna's business into high-growth electronics sectors, leveraging SmartChip's expertise, and positions Pavna to expand its product offerings.