News

Pavna Industries Limited completed the disinvestment and transfer of its entire 50.74% stake, comprising 30,901 Equity shares, in its subsidiary, Pavna Auto Engineering Private Limited, to Mrs. Priya Jain on October 13, 2026, for Rs 8,79,72,057. Consequently, Pavna Auto Engineering Private Limited ceased to be a direct subsidiary of Pavna Industries Limited, and the transaction, which involved a buyer belonging to the promoter group, was conducted at arm’s length. The company stated the disinvestment is expected to unlock value for shareholders, optimize its investment portfolio, and strengthen its balance sheet, with proceeds to be reinvested in the two-wheeler or three-wheeler auto industry.

Pavna Industries Limited completed the disinvestment and transfer of its entire 50.74% stake, comprising 3,09,001 Equity shares, in Swapnil Switches Private Limited to Mrs. Asha Jain, Mrs. Priya Jain & PJ Wealth Management and Consultant Private Ltd on October 9, 2026, for Rs 2,52,79,372. As a result of the transaction, Swapnil Switches Private Limited ceased to be a direct subsidiary of Pavna Industries Limited, and the proceeds will be utilized to strengthen the company’s core business and reinvest in opportunities within the two-wheeler or three-wheeler auto industry. Mrs. Asha Jain is a promoter of Pavna Industries Limited, and PJ Wealth Management and Consultant Private Limited and Mrs. Priya Jain belong to the Promoter Group.

Pavna Industries Limited will close its trading window for directors, key managerial personnel, designated persons, and their immediate relatives from Thursday, October 1, 2026, until 48 hours after the declaration of unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, in compliance with SEBI’s insider trading regulations.

Pavna Industries Limited plans to acquire and divest Pavna Auto Engineering Private Limited (PAEPL) and Swapnil Switches Private Limited (SSPL) to optimize its portfolio and strengthen its financial position. The acquisition of PAEPL, which contributed approximately Rs 5.40 Crores to the company’s turnover last year, will involve a consideration of Rs 8.80 Crores, while the divestment of PAEPL to Mrs. Priya Jain will yield the same amount. Pavna Industries will also sell SSPL, contributing approximately Rs 0.87 Crores to turnover, to Mrs. Asha Jain, Mrs. Priya Jain, and PJ Wealth Management and Consultant Private Limited for Rs 2.55 Crores. All transactions are contingent on shareholder approval and involve related parties, requiring adherence to regulatory guidelines and conducted at arm`s length, with consideration amounts based on valuation reports.

Pavna Industries Limited’s board approved the acquisition of a 100% stake in Pavna Auto Engineering Private Limited (PAEPL) for approximately Rs 8.80 Crores, with completion expected within 120 days of shareholder approval. Simultaneously, the board authorized the sale of both PAEPL to Mrs. Priya Jain, part of the Promoter Group, and Swapnil Switches Private Limited (SSPL) to Mrs. Asha Jain, Mrs. Priya Jain, and PJ Wealth Management and Consultant Private Limited, for approximately Rs 2.55 Crores. The divestments, conducted at arm’s length based on valuation reports, aim to unlock shareholder value, optimize the investment portfolio, and strengthen the company’s balance sheet, with proceeds earmarked for core business strengthening and potential reinvestment in two and three-wheeler segments. PAEPL contributed Rs 1533.95 lakhs in turnover and Rs 1778.90 lakhs in net worth during the last financial year, while SSPL’s contributions were Rs 247.69 lakhs in turnover and Rs 487.13 lakhs in net worth.