Prashant India Ltd

Director cessation

• Change type: cessation of Independent Director.
• Shobhaben Bharatbhai Ramani ceases as Independent Director; term ends Sept 29, 2026.
• Reason: Completion of second term as Independent Director.
• Effective from close of business hours Sept 29, 2026.

Director Appointment

• Type: Appointment of Shyamalbhai J. Mashruwala as Non-Executive Non-Independent Director.
• Effective date: 26 September 2026.
• Reason: Board recommendation and AGM approval.
• Profile: Commerce graduate (B.Com.) with accounting and finance experience.

AGM Details

• Held on 26 Sep 2026 at 12:30 PM via VC/OAVM.
• Record date for voting: 19 Sep 2026.
• Scrutinizer report dated 28 Sep 2026 attached.
• Meeting duration 12:30 PM to 12:48 PM.

Resolutions Passed

• Resolution 1: Adoption of Audited Financial Statements and Reports; passed.
• Resolution 2: Re-appointment of Gondalia retiring by rotation; passed.
• Resolution 3: Appointment of Mashruwala as Non-Executive Non-Independent Director; passed.

Voting Results

• Resolution 1: Yes votes 89.64% of votes polled; passed.
• Resolution 2: Yes votes 88.48% of votes polled; passed.
• Resolution 3: Yes votes 99.63% of votes polled; passed.

Dividend

• No dividend proposed or approved.

Director Changes

• Gondalia re-appointed; Mashruwala appointed Non-Executive Non-Independent Director.

Auditors

• No new statutory or internal auditor appointments disclosed.

Related Party Transactions

• No material related party transactions disclosed or approved.

Other Approvals

• No ESOPs, charter amendments, borrowings, or mergers reported.

Prashant India Ltd – Trading window closed from 1 October 2026 till 48 hours after declaration of financial results for the quarter and half year ended 30 September 2026

AGM details

• The 43rd AGM was held on 26 Sep 2026 via VC/OAVM.
• Meeting commenced at 12:30 IST and concluded at 12:48 IST.
• Proxies not applicable; remote e-voting facility available.
• Notice and Directors’ report were taken as read.
• Mode of meeting: VC/OAVM.

Ordinary business

• Adoption of standalone audited financial statements for the year ended 31 March 2026.
• Re-appointment of director retiring by rotation.

Special business

• Appointment of a non-executive non-independent director.

Financial highlights

• Revenue from operations: 86,363 Rs'000 for FY2025-26.
• Total income with exceptional items: 103,645.129 Rs'000.
• Profit after tax: 63,662.654 Rs'000.
• EPS (basic): 0.015 Rs.
• Dividend declared: none for the year.

Segment performance

• Textile revenue: 667.64 Rs'000; Wind Farm: 380.83 Rs'000; total 1,048.47 Rs'000.
• Segment results: Textile -35,210.80; Wind Farm -88.46; total -35,299.27.
• Unallocable expenses: 3,288.08 Rs'000; operating loss: -38,587.35 Rs'000.

Balance sheet snapshot

• Equity share capital: 42,354.430 Rs'000.
• Net worth: -310,818.395 Rs'000.
• Borrowings: 281,727.145 Rs'000; related-party loans 149,159.3 Rs'000.
• Cash and cash equivalents: 8,003.859 Rs'000.

Cash flows

• Net cash from operating activities: -47,173.035 Rs'000.
• Investing activities: net inflow 109,248.500 Rs'000.
• Financing activities: net outflow 64,331.600 Rs'000.
• Net decrease in cash: -2,256.135 Rs'000.

Audit and going concern

• Auditors qualify going concern; management plans to reduce debt and pursue investors.
• Note on liabilities not provisioned: 11,542.49 Rs'000.

Governance and notable changes

• Shyamalbhai J Mashruwala appointed as Additional Non-Executive Director; regularization sought.
• Independent directors Hiren Shah and Nishtha Pamnani appointed May 31, 2025; Pandya resigned Aug 14, 2026.
• CFO transitions: Mishra resigned June 20, 2025; Vinod Jadhav appointed June 24, 2025; resigned May 18, 2026; Parth Jariwala appointed Aug 14, 2026.

AGM Details

• AGM via VC/OAVM scheduled for 26 September 2026 at 12:30 PM.
• Mode: VC/OAVM; deemed venue: Registered Office.
• Voting rights cut-off: 19 September 2026.
• Remote e-voting window: 22–25 September 2026.
• Attendance through VC/OAVM; no physical attendance.

Ordinary Resolutions

• Adopt Audited Financial Statements for year ended March 31, 2026.
• Re-appoint Prabhudas Gondalia as Director on retirement by rotation.

Special Business (Ordinary Resolution)

• Appoint Shyamalbhai Mashruwala as Non-Executive Non-Independent Director.

Voting & Timelines

• Results not reported in filing; will be announced after AGM.
• Remote e-voting period: Sep 22, 2026 to Sep 25, 2026.
• Scrutinizer appointed: Jitendra Ramanlal Bhagat.

Director Changes & Governance

• Re-appointment of Gondalia as Director (retiring by rotation).
• Mashruwala appointed as Non-Executive Non-Independent Director (appointed Aug 29, 2026).
• Board authorized to file e-form with MCA.

E-voting for 43rd AGM

• E-voting window opened for 43rd AGM (26 Sep 2026) via NSDL.
• E-voting period runs 22 Sep 2026 to 25 Sep 2026, 9:00 AM to 5:00 PM.
• Resolutions to be considered at AGM on 26 Sep 2026.
• Compliance with Companies Act 2018, Rule 20 and Listing Regulations Reg 44.