PPAP Automotive merger votes and AGM dates for 2026

Why PPAP Automotive’s September calendar matters

PPAP Automotive Limited has lined up two key sets of stakeholder actions in September 2026 that can shape its corporate structure and routine shareholder approvals. First, the company is moving ahead with a tribunal-supervised scheme to amalgamate its wholly owned subsidiary, Avinya Batteries Limited, into PPAP Automotive. Second, it has announced the timeline for its 31st Annual General Meeting (AGM), including record dates, book closure, and remote e-voting windows.

The merger process has reached the stage where creditors and shareholders are expected to vote on the scheme under the Companies Act framework. In parallel, the AGM schedule sets out the operational dates for voting and dividend eligibility for the financial year 2025-26.

NCLT New Delhi order sets the process in motion

The National Company Law Tribunal (NCLT), New Delhi Bench, directed the convening of meetings through an order dated July 29, 2026. The meetings relate to the proposed Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013.

The scheme’s appointed date is April 1, 2026. This appointed date is the reference point used in the scheme documentation, while approvals and filings proceed through the required legal and stakeholder steps.

Unsecured creditors meeting fixed for September 30

PPAP Automotive has scheduled a meeting of its unsecured creditors for September 30, 2026 at 3:30 pm. The purpose is to consider and approve the scheme of amalgamation of Avinya Batteries Limited into PPAP Automotive.

The company has stated that the meeting will be held through video conferencing. This is consistent with the broader move toward digital participation, and it also aligns with the structured voting process laid down in the NCLT-directed meeting framework.

Secured creditors meeting also on September 30

A separate meeting of secured creditors has also been scheduled on September 30, 2026 at 12:30 pm. Both the secured and unsecured creditor meetings are intended to obtain stakeholder approval for the same merger scheme under Sections 230 to 232.

By placing both creditor meetings on the same day, PPAP Automotive is clustering the creditor approvals required for progressing the tribunal-led process. The meetings are distinct, and each class of creditors votes separately as directed.

E-voting window and voting rights cut-off details

Remote e-voting for unsecured creditors will be available from September 26, 2026 at 9:00 am to September 29, 2026 at 5:00 pm. This window is designed to allow eligible unsecured creditors to vote without waiting for the meeting day.

Voting rights will be determined in proportion to the outstanding amount due as on the cut-off date of March 31, 2026. This means the weight of a creditor’s vote depends on the amount outstanding to that creditor on the specified cut-off date, as stated in the meeting process.

Who votes: stakeholders and meeting directions

The NCLT order includes specific directions on which stakeholder meetings must be held and which are dispensed with. The Tribunal dispensed with the meeting of the Transferor Company’s 7 equity shareholders, while it directed meetings of the Transferor Company’s 4 secured creditors and 66 unsecured creditors.

For the Transferee Company, the Tribunal directed meetings of 15,675 equity shareholders, 9 secured creditors and 653 unsecured creditors. These numbers set the scope of participation expected across different classes of stakeholders in the scheme approval process.

Notices, advertising, and quorum rules for the meetings

The order requires that notices be issued at least one month before the meetings. The notice must include the Scheme and the explanatory statement under Section 230(3) of the Companies Act, 2013 read with Rule 6 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016.

It also directs advertising of the notice convening meetings as per Form No. CAA.2 (Rule 7) of the 2016 Rules. In addition, the notice convening the meetings of secured creditors, unsecured creditors, and equity shareholders (as applicable for each applicant company) must be published on the company’s website.

On quorum, the order states that if the quorum is not present at the commencement of the respective meeting, the meeting shall be adjourned by 30 minutes. After that, the persons present and voting at the meeting shall be deemed to constitute the quorum.

What the scheme says about share consideration

PPAP Automotive’s board has already approved the merger of Avinya Batteries Limited, which is described as engaged in manufacturing lithium-ion battery packs, with PPAP Automotive through the Scheme of Amalgamation. As it is a wholly owned subsidiary, the scheme states that equity shares held by PPAP Automotive in Avinya Batteries will stand cancelled.

No new shares or consideration are to be issued under the scheme, as stated. The scheme also discloses Avinya Batteries’ authorised capital as 1,50,00,000 equity shares of ₹10 each, aggregating to ₹15,00,00,000 (₹15 crore).

31st AGM: date, mode, and filing details

Separately, PPAP Automotive has scheduled its 31st AGM for September 18, 2026. The meeting will commence at 11:30 am and will be conducted through video conferencing or other audio-visual means.

The AGM notice was filed with the Bombay Stock Exchange and the National Stock Exchange of India Limited on August 24, 2026. The company said the AGM will address routine business matters for the financial year 2025-26, and shareholders will participate remotely under prescribed digital protocols.

Record date, book closure, and shareholder e-voting timeline

The company has fixed Friday, September 11, 2026 as the record date intended for determining shareholders eligible for a dividend, subject to approval by members at the AGM. The same date, September 11, 2026, is also the cut-off date for determining eligibility to vote through remote e-voting or e-voting at the AGM.

The Register of Members and Share Transfer Book will be closed from Saturday, September 12, 2026 through Friday, September 18, 2026 (both days inclusive). Remote e-voting for shareholders will commence on Monday, September 14, 2026 at 9:00 am IST and conclude on Thursday, September 17, 2026 at 5:00 pm IST.

If a final dividend is approved at the AGM, it would be paid within 30 days from the date of the AGM, as stated in the company’s timeline disclosure.

Key facts at a glance

Why investors track these events

For investors, the tribunal-led merger calendar provides clarity on the next procedural checkpoints for consolidating Avinya Batteries into PPAP Automotive. The structure of the scheme, including nil share consideration due to wholly owned subsidiary status, is a key factual element of the amalgamation terms.

For shareholders, the AGM timetable sets the eligibility dates for participation and any final dividend decision. The company’s board has recommended a final dividend of ₹1.50 per equity share of face value ₹10, subject to shareholder approval at the ensuing AGM.

Conclusion

PPAP Automotive’s September 2026 schedule brings together two parallel governance tracks: tribunal-directed creditor and shareholder approvals for the Avinya Batteries amalgamation, and the company’s regular AGM process. The next dated milestones are the shareholder record date on September 11, 2026, the AGM on September 18, 2026, and the secured and unsecured creditor meetings on September 30, 2026, with remote e-voting timelines already specified.