Prashant India Ltd

Meeting Details

• Board meeting scheduled for 26 August 2026 at 04:00 pm IST at the registered office.

Key Agenda Items

• Consider and approve Director's Report for FY ended March 31, 2026.
• Consider and decide date, time, venue of the 43rd Annual General Meeting and approve draft notice.
• Any other business with permission of the Chair.

Other Notes

Financial results

• Unaudited standalone results for quarter ended 30 June 2026 approved; Limited Review Report noted.
• Annexure-II disclosures under Regulation 30 SEBI LODR enclosed.

Governance changes

• Independent Director Parth Mahendarkumar Pandya resigned w.e.f 14 Aug 2026.
• CFO appointment: Parth Pareshkumar Jariwala; effective 14 Aug 2026; KMP restructuring.
• KMP contact details for MD, CS and CFO disclosed.
• Board approved CFO appointment on recommendation of Nomination and Audit Committees; Annexure I details provided.

Regulatory disclosures and meeting details

• Board meeting held on 14 August 2026; duration 4:00 PM to 6:40 PM.
• Annexure I provides CFO appointment details; Annexure II provides regulatory disclosures.

Meeting Details

• Date: 14 August 2026; Time: 04:00 PM IST; Location: registered office.

Key Agenda Items

• To consider and approve the unaudited standalone financial results for the quarter ended 30 June 2026.

Other Notes

• Trading window remains closed until 48 hours after declaration of financial results.

Dematerialisation processing and listing status

• Securities received for dematerialisation in the quarter were confirmed to depositories as accepted or rejected.
• Securities dematerialised have been listed on the stock exchanges where the earlier issued securities are listed.
• Security certificates received for dematerialisation were mutilated and cancelled after due verification.
• The depository's name was substituted as registered owner in the register of members within 15 days.

Change in CIN

• Old CIN: L15142GJ1983PLC006574; New CIN: L68100GJ1983PLC006574.
• ROC-CPC approved MOA Object Clause alteration; CIN updated and Exchange intimated.

Resignation of Chief Financial Officer (CFO)

• Mr. Vinod Pandurang Jadhav resigned as Chief Financial Officer.
• Last working day is 18 May 2026.
• Reason stated: resignation.
• No other material reasons for resignation were disclosed.
• The company asked stakeholders to take the resignation on record.

Financial Performance 📊

• Q3 FY26 standalone total income and net sales were Rs 1.13 lakh, down from Rs 5.30 lakh in Q3 FY25.
• Q3 FY26 loss before tax was Rs 267.35 lakh versus Q2 FY26 profit of Rs 1003.19 lakh.
• Q3 FY26 net loss after tax was Rs 267.35 lakh versus nine months ended Dec 2025 net profit of Rs 729.03 lakh.
• Q3 FY26 textile segment loss before tax and interest was Rs 0.95 lakh versus Q2 FY26 profit of Rs 1014.46 lakh.
• Q3 FY26 wind farm segment loss before tax and interest was Rs 1.06 lakh versus Q2 FY26 profit of Rs 2.08 lakh.
• Interest expense surged to Rs 259.82 lakh in Q3 FY26 from negligible in prior quarter; total expenses Rs 268.48 lakh.

Balance Sheet & Cash Flow 💸

• Paid-up equity Rs 423.54 lakh; other equity deficit Rs (3015.78) lakh as of Dec 2025.
• Capital employed: Textile negative Rs 1440.71 lakh, Wind farm positive Rs 92.14 lakh as of Dec 2025.
• Current liabilities reduced to Rs 2777.67 lakh from Rs 3578.51 lakh year ago; short-term borrowings Rs 2769.66 lakh.
• Cash and cash equivalents declined to Rs 86.75 lakh as of Dec 2025 from Rs 102.60 lakh in Mar 2025.
• Net cash from operating activities positive Rs 686.58 lakh for nine months ended Dec 2025, aided by exceptional item.
• Net cash used in investing activities Rs 11.50 lakh; net cash inflow from financing activities Rs 690.93 lakh for nine months ended Dec 2025.

Exceptional Items & Tax 🧾

• Exceptional gain of Rs 1020.39 lakh in Q2 FY26 from sale of textile division factory land and building.
• No tax expense recognized due to unabsorbed depreciation and carried forward losses; deferred tax assets not recognized.

Corporate Actions & Governance 📍

• Board approved Q3 FY26 standalone unaudited financial results; auditor issued limited review report with no qualifications.
• Director Mr. Haribhai Becharbhai Malvia resigned effective 30 Dec 2025.

Business Model & Segments

• Operates in Textile and Wind farm segments; revenue mainly from textile manufacturing and wind energy generation.