Pennar Industries Ltd

Pennar Industries Annual General Meeting

Pennar Industries Limited has called an EGM on May 8, 2026, to approve a ₹50.40 Crore preferential issuance of 30 lakh convertible warrants to promoter entity Pennar Holdings Private Limited. The meeting will also consider the re-appointment of Mr. RVS Ramakrishna as an Independent Director for a second five-year term.

Value

₹50.40 Cr

Execution

18 months

Pennar Industries Annual General Meeting

Pennar Industries Limited will hold an Extra-Ordinary General Meeting on May 8, 2026, via video conferencing. Remote e-voting is scheduled from May 5 to May 7, 2026, with a cut-off date of April 30, 2026. The company is utilizing KFin Technologies Limited for its e-voting services.

Pennar Industries Management Change

Pennar Industries Limited announced a leadership change involving the re-appointment of Mr. Ravi Venkata Siva Ramakrishna as an Independent Director for a five-year term starting June 2026. Concurrently, Mr. Potluri Venkateswara Rao resigned as a Non-Executive Director effective April 11, 2026. These changes reflect routine board-level transitions.

Execution

5 years

Pennar Industries Management Change

Mr. P V Rao has resigned as a Non-Executive Non-Independent Director of Pennar Industries Limited, effective April 11, 2026. The resignation is due to unavoidable personal circumstances, with no other material reasons reported. Mr. Rao previously served as Joint Managing Director until early 2021.

Pennar Industries Board Meeting Outcome

Pennar Industries' board approved a ₹50.4 Crore preferential warrant issue to promoter Pennar Holdings Private Limited. The board also re-appointed Mr. RVS Ramakrishna as an Independent Director and noted the resignation of director Mr. P V Rao. An Extraordinary General Meeting is scheduled for May 8, 2026, to seek shareholder approval.

Value

₹50.40 Cr

Execution

18 months

Pennar Industries Other Announcement

Pennar Industries Limited submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the period ended March 31, 2026. Issued by KFin Technologies Limited, the certificate confirms the processing of dematerialization and rematerialization requests. This is a routine regulatory disclosure with no direct impact on financial performance.