Porwal Auto Components Ltd — Important, 24-06-2026: Company Update

Porwal Auto Components has received in-principle approval from BSE for its preferential share and warrant issue. The company is now authorized to issue 17.54 lakh equity shares to non-promoter investors at Rs. 57 each, raising approximately 10.00 Crore. Additionally, 3.95 lakh warrants, convertible into equity shares within 18 months, will be issued to promoter group shareholders at Rs. 57 each, raising about 2.25 Crore. This move will infuse capital into the company, supporting its business operations and growth strategies, while potentially leading to minor equity dilution for existing shareholders.