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Pavna Industries to acquire and divest units to Mrs. Jain and PJ Wealth Management
24-Aug-2026, 06:35
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 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.