Prakash Industries Ltd

Prakash Industries Limited - Trading Window closed from 1 October 2026 till 48 hours after the Board Meeting for the financial results for the period ended 30 September 2026 (both days inclusive).

Operational update

• CECB grants CTO for Bhaskarpara Coal Mine expansion from 1.0 MTPA to 1.2 MTPA.
• This follows MoEFCC environmental clearance dated 12 June 2026.

Overview

• Standalone BRSR for FY2025-26; manufactures sponge iron, billets, ferro alloys.
• Report is standalone; main markets national with 11 locations (plants and offices) in India.
• Core turnover from product sales; 95.82% of total turnover.

Key ESG Risks & Opportunities

• GHG/climate risk identified; inventory development and emissions reduction measures.
• Water management risk and circular economy opportunities; zero discharge and reuse.
• Occupational health and safety risk; ISO 45001 IMS and risk assessments.
• Human rights and labour governance risk with zero tolerance to child labour.
• CSR/community engagement opportunities; education, health, livelihoods.
• Employee wellbeing measures; training; health benefits; cost of well‑being 0.30% of revenue.
• Energy/renewables potential; solar, waste-heat recovery, energy audits.

Governance & Policy Highlights

• Board oversight via dedicated Health & Safety, CSR, Sustainability, and Environmental committees.
• Whistleblower policy and Vigil Mechanism; strong anti‑corruption framework.
• Policies cover ethics, product responsibility, HR, stakeholder responsiveness, human rights, and environment.
• ISO certifications mapped to principles: ISO 9000, 45001, 14001, 50001.
• No external assurance; policies translated into procedures; board‑approved.
• Whistleblower policy accessible at the company website.

Social Responsibility & Workforce

• Total workforce: 1,776 permanent employees and 6,376 workers.
• Board gender representation: 12.5% female on an 8‑member board.
• LTIFR: employees 0.715; workers 0.559; fatalities reported for both groups.
• Retirement benefits: PF, gratuity, and ESI coverage compliant.
• Grievance mechanisms include Vigil Mechanism, ICC, and Works Committee.
• Accessibility and equal opportunity policies; grievance channels available for permanent and contract staff.

Environmental Performance

• Total energy consumption: 38,073,905 GJ; renewables contribute ~2.05 million GJ; non‑renewables dominate.
• Total Scope 1 emissions: ~2.601 million MTCO2e; Scope 2: ~37,060 MTCO2e; total ~2.638 million MTCO2e.
• Water withdrawal: 6,368,801 KL; water intensity 0.000183 KL/RS; ZLD with ETP/STP and rainwater harvesting.
• Waste: total 14.429 MT; E‑waste 0.071 MT; hazardous waste 4.30 MT; battery waste 2.43 MT; non‑hazardous 7.6 MT.
• Designated PAT consumer; ZLD compliance; ISO 14001 and ISO 45001 certifications.

Stakeholder Engagement & Complaints

• Key stakeholder groups: employees, workers, investors, customers, suppliers, communities, regulators, CSR partners, associations.
• Engagement frequency varies; employees monthly/quarterly, communities quarterly, investors quarterly, customers as needed.
• Complaints: shareholders 8; customers 15; no unresolved complaints for these groups.
• Structured grievance mechanisms include whistleblower channels and ICC; regular stakeholder consultations.

Other Notable Metrics

• R&D: no separate environmental R&D; capex 3.25% of turnover; efficiency projects funded under core capex.
• Sustainable sourcing: no formal policy; supplier ESG onboarding framework in place; monitoring ongoing.
• EPR: applicable; processes implemented to comply with EPR requirements.
• Life Cycle Assessment: no LCA conducted; no external assurance reported.
• Cybersecurity/data privacy: no standalone policy; IT controls and governance in place.
• Disaster management: onsite/offsite plan with regular mock drills; community disaster awareness programs.

Financial highlights

• Net sales ₹1,032 crore in Q1 FY2026-27, vs ₹1,037 crore prior year.
• EBITDA ₹154 crore; margin 14.9%, vs ₹144 crore and 13.9% last year.
• PAT ₹71 crore, down from ₹91 crore due to tax regime change and loss of 80-IA exemption.

Operational and production

• Coal mined from Bhaskarpara: ~3.3 lakh MT in the quarter.
• Target coal extraction 1.2 Mn tonnes in current year per EC dated 1 June 2026.

Financial results

• Unaudited Q1 FY2026-27 results approved; quarter ended 30 June 2026.
• Limited Review Report on results approved.
• Press release on quarterly results approved.
• Single Iron & Steel segment disclosed.

Auditor appointment

• Appoints SGAJ & Associates as statutory auditors for 5 years from AGM conclusion (Sept 30, 2026).
• Appointment subject to shareholders' approval.
• Chaturvedi & Co. LLP to complete current term at 45th AGM (Sept 30, 2026).
• Term ends at the 50th AGM FY2031-32.

Senior Management appointments

• Ashok Kumar Chaturvedi: Executive Director (Corporate Affairs), SMP, effective 11 Aug 2026.
• Mahindra Kumar Pareek: Executive Director (Plant Head), SMP, effective 11 Aug 2026.
• Sanjay Joshi: Executive Director (Commercial), SMP, effective 11 Aug 2026.
• Deepak Mishra: Executive Director (Accounts & Taxation), SMP, effective 11 Aug 2026.
• Sudhakar Saraswat: President (Purchase), SMP, effective 11 Aug 2026.
• Ashok Kumar Sharma: President (Accounts), SMP, effective 11 Aug 2026.
• Deepak Dash: Senior Vice President (Sirkaguttu Iron ore Mine), SMP, effective 11 Aug 2026.
• Arun Kumar Singh: Vice President (Bhaskarpara Coal Mine), SMP, effective 11 Aug 2026.
• Udai Singh: Assistant Vice President (HR & Admin), SMP, effective 11 Aug 2026.
• Rajendran Rathinam: General Manager (Windmill Division), SMP, effective 11 Aug 2026.

Regulatory and tax matters

• Deferred tax liability of ₹165 lakhs adjusted against Securities Premium per court order.
• Tax regime changed to new regime; 80-IA exemption not available.

Meeting Details

• Date: 11 August 2026; venue: New Delhi; time not disclosed.

Key Agenda Items

• Consider unaudited financial results with limited review for the quarter ended 30 June 2026.

Other Notes

• Trading window remains closed for all designated persons until 48 hours after results are made public.

Certificate processing status

• Securities in the physical certificates have been listed on the stock exchange where existing securities are listed.
• The certificates were mutilated and cancelled, and the depository's name substituted as registered owner within 15 days.