PORWAL AUTO COMPONENTS LIMITED — Capital/Financing Update 2026

May 8, 2026

Porwal Auto Components Ltd.

TUV SUD

TUV SUD

IRIS Certification

Date: May 08, 2026

To,

BSE Limited

Phiroze Jeejeebhoy Towers,

Dalal Street, Fort,

Mumbai 400 001

Ref: Scrip Code: 532933; ISIN: INE386I01018

Sub: Outcome of Meeting of the Board of Directors of Porwal Auto Components Limited (the "Company") under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations")

Dear Sir/Madam,

With reference to the captioned subject and in furtherance to the intimation dated May 05, 2026, and pursuant to Regulation 30 of the SEBI LODR Regulations, we wish to inform you that the Board of Directors ("Board") of the Company, at its meeting held today i.e. on Friday, May 08, 2026, have inter-alia considered and approved the following:

1. Issuance of upto 17,54,384 Equity Shares to Non-Promoters Investors:

Issuance of upto 17,54,384 (Seventeen Lakhs Fifty Four Thousand Three Hundred and Eighty Four) Equity shares, having Face Value of Rs. 10/- (Rupee Ten Only) each at a price of Rs. 57.00/- (Rupees Fifty Seven Only) per Equity Share (including a premium of Rs. 47.00/- (Rupees Forty Seven Only) per share ("Preferential Allotment Price"), aggregating to Rs. 9,99,99,888/- (Rupees Nine Crore Ninety Nine Lakhs Ninety Nine Thousand Eight Hundred and Eighty Eight Only), to Non-Promoter Investors (more specifically as detailed in Annexure A annexed to this letter), by way of preferential issue in accordance with the provisions of Section 42 and Section 62 of the Companies Act, 2013, as amended ("Act") read with Companies (Prospectus and Allotment of Securities) Rules, 2014, as amended ("Rules"), Chapter V of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended ("SEBI ICDR Regulations"), SEBI Listing Regulations and such other acts / rules / regulations as maybe applicable and subject to necessary approval of the members of the Company and other regulatory authorities including BSE Limited, or such other authority as maybe applicable

1. Issuance of upto 3,94,735 Convertible Warrants to Promoter Group:

Issuance of up to 3,94,735 (Three lakhs Ninety Four Thousand Seven Hundred and Thirty Five) warrants each convertible into, or exchangeable for, one equity shares within the period of 18 (eighteen months) in accordance with the applicable law ("Warrants") at a price of Rs. 57.00/- (Rupees Fifty Seven Only) ("Warrant Issue Price") each (including the warrant subscription price and the warrant

Regd. Office & Works:

Plot No. 209 & 215, Sector-1, Industrial Area, Pithampur - 454 775. (M.P) - INDIA

+91 7292 403608, 421300 +91 7292 405120

admin@porwalauto.com www.porwalauto.com

CIN-L29300MP1992PLC006912

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exercise price) aggregating up to Rs. 2,24,99,895 (Rupees Two Crores Twenty Four Lakhs Ninety Nine Thousand Eight Hundred and Ninety Five Only) to the specified Promoter Group shareholders (as listed in “Annexure – A” herein) (“Proposed Warrant Allottee” or "Warrant Holder") by way of preferential issue in accordance with the provisions of Section 42 and Section 62(1)(c) of the Companies Act, 2013, as amended ("Act") read with Companies (Prospectus and Allotment of Securities) Rules, 2014, as amended ("Rules"), Chapter V of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (“SEBI ICDR Regulations”), SEBI Listing Regulations and such other acts / rules / regulations as may be applicable and subject to necessary approval of the members of the Company and other regulatory authorities including BSE Limited, or such other authority as may be applicable (“Warrants Issue”).

Upon issuance of Warrants an amount of Rs. 14.25 (Rupees Fourteen and Twenty Five paise Only) for each Warrant being 25% of Issue price shall be payable by the Warrant Holders upfront at the time of subscription and allotment of each Warrant (“Warrants Subscription Price”) and entitling the Warrant Holder(s) to apply for and get allotted one Equity Share of the Company against each Warrant held, in one or more tranches within a maximum period of 18 (Eighteen) months from the date of allotment of Warrants, on payment of balance Rs. 42.75 (Rupees Forty Two and Seventy Five paise Only) which is equivalent to remaining 75% (Seventy-Five per cent) of the Warrant Issue Price, for each Warrant proposed to be converted, in such manner and upon such terms and conditions as may be deemed appropriate by the Board in accordance with the terms of this issue, provisions of ICDR Regulations, or other applicable laws in this respect.

3. Convening of Extra Ordinary General Meeting (EGM):

Pursuant to General Circular No. 03/2025 dated September 22, 2025, General Circular No. 09/2024 dated September 19, 2024, General Circular No.09/2023 read with General Circular no. 11/2022 dated December 28, 2022 read with General Circular No. 2/2022 dated May 5, 2022 read with Circular No. 20 dated May 5, 2020 read with Circular No. 14 dated April 8, 2020 and Circular No. 17 dated April 13, 2020 and read with General Circular No. 02/2021 dated 13.01.2021 (hereinafter collectively referred to as "MCA Circulars") and SEBI Circular No. SEBI/HO/CFD-PoD-2/P/CIR/2023/167 Dated October 07, 2023 read with Circular No. SEBI/HO/CFD/CMD2/CIR/P/2022/62 dated May 13, 2022 read with SEBI circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/79 dated May 12, 2020, issued in this behalf an Extra Ordinary General Meeting of the Company is scheduled to be held on Friday, June 05, 2026 through Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”).

1. Finalization of cut-off date and remote e-voting period for the ensuing EGM.

2. Fixed the Closure of Register of members and the share transfer books of the Company

3. To consider appointment of Mrs. Shraddha Jain, Practicing Company Secretary as Scrutinizer for conducting e-voting to be conducted at Extra Ordinary General Meeting of the Company.

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The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 are given in Annexure A & B.

The meeting commenced at 02:00 PM and concluded at 04:30 PM.

This is for your information and records. Thanking you,

Yours faithfully,

FOR-PORWAL AUTO COMPONENTS LIMITED,

DEVEN
DRA
JAIN

Digitally signed by DEVENDRA JAIN
Date: 2026.05.08 16:40:23 +05'30'

DEVENDRA JAIN
DIN: 00232920
MANAGING DIRECTOR

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Annexure - A

Disclosure of information pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Sr. No.	Particulars	Details/Disclosures
1.	Type of securities proposed to be issued (viz. equity shares, convertibles etc.);	Equity Shares	Convertible Warrants
2.	Type of issuance (further public offering, rights issue, depository receipts (ADR/GDR), qualified institutions placement, preferential allotment etc.)	Preferential Issue	Preferential Issue
3.	Total number of securities proposed to be issued	17,54,384	3,94,735
4.	names of the investors;	As per Annexure B	As per Annexure B
5.	post allotment of securities - outcome of the subscription, issue price / allotted price (in case of convertibles), number of investors; Note: Considering warrants on fully diluted basis	At present there is no requirement for any disclosure under this point. However, the same will be intimated post allotment of warrants.	At present there is no requirement for any disclosure under this point. However, the same will be intimated post allotment of warrants.
6.	in case of convertibles - intimation on conversion of securities or on lapse of the tenure of the instrument.	N.A.	At present there is no requirement for any disclosure under this point. However, the same will be intimated upon receipt of request for conversion of warrants.
The warrants are having a validity of 18 months from the date of the allotment and any relevant occurrences during this time frame relevant disclosures under this point will be disseminated to the exchange.
7.	Issue price / allotted price (in case of convertibles)	The equity shares have been issued at a price Rs. 57.00/- each.	The Convertible Warrants have been issued at a price Rs. 57.00/- each
8.	Number of investors	As per Annexure B	As per Annexure B

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Annexure B

Sr. No.	Name of Investor	Category	No. of Securities	Amount	Type of Securities
1.	Ms. Neha Nishant Gandhi	Public	4,38,596	2,49,99,972	Equity shares
2.	Mr. Nishant Lalitbhai Gandhi	Public	4,38,596	2,49,99,972	Equity shares
3.	Mr. Akshar Yatin Popat	Public	4,38,596	2,49,99,972	Equity shares
4.	Ms. Shreya Bhavesh Shah	Public	4,38,596	2,49,99,972	Equity shares
5.	Ms. Pramila Jain	Promoter Group	21,930	12,50,010	Convertible Warrants
6.	Mukesh Jain HUF	Promoter Group	1,31,578	74,99,946	Convertible Warrants
7.	Shailesh Jain HUF	Promoter Group	87,719	49,99,983	Convertible Warrants
8.	Gajendra Jain HUF	Promoter Group	65,789	37,49,973	Convertible Warrants
9.	Devendra Jain HUF	Promoter Group	87,719	49,99,983	Convertible Warrants