Porwal Auto Components Ltd — Important, 08-05-2026: Company Update

Porwal Auto Components' board approved a significant capital raise. The company will issue up to 17.54 lakh equity shares to non-promoter investors at Rs 57 each, aggregating to nearly Rs 10.00 crore. Additionally, up to 3.95 lakh convertible warrants will be issued to the promoter group, also at Rs 57 each, convertible into equity shares within 18 months. This strategic move aims to strengthen the company's financial position and support future growth initiatives, pending shareholder and regulatory approvals.