PPAP Automotive Ltd held NCLT-convened meetings for shareholders and creditors to approve the amalgamation of Avinya Batteries Limited with the company.
PPAP Automotive issued a notice for an NCLT-convened shareholder meeting regarding its scheme of amalgamation with Avinya Batteries Limited, scheduled for September 30, 2026.
PPAP Automotive Limited is merging its wholly owned subsidiary, Avinya Batteries Limited, into itself. The consolidation aims to improve operational efficiency and leadership without changing shareholding.