Pratiksha Chemicals Ltd

AGM Details

• Date/time: 30 September 2026, 12:00 P.M.; Physical mode.
• Venue: physical venue at 26/Office, Newyork Trade Centre, Thaltej, Ahmedabad.
• E-voting window: 27–29 Sept 2026; ballots allowed at AGM.
• Meeting concluded: 12:30 P.M.
• Remote e-voting facility provided to members.

Resolutions

• Ordinary Resolution 1: Adopt financial statements; outcome not disclosed.
• Ordinary Resolution 2: Reappoint MD Sumit Harjibhai Gol; outcome not disclosed.
• Ordinary Resolution 3: Appoint Kapil Kumar Agarwal & Associates as statutory auditor; outcome not disclosed.
• Ordinary Resolution 4: Regularisation of Shivrajsinh Chudasama as Independent Director; outcome not disclosed.
• Ordinary Resolution 5: Regularisation of Priya Tomar as Director; outcome not disclosed.
• Ordinary Resolution 6: Rescind EGM Feb 20, 2026 resolution increasing authorised share capital; outcome not disclosed.
• Ordinary Resolution 7: Increase in Authorised Share Capital and MOA amendment; outcome not disclosed.

Director Changes

• Reappointment of Sumit Harjibhai Gol as Managing Director.
• Regularisation of Shivrajsinh Chudasama as Independent Director.
• Regularisation of Priya Tomar as Director.

Auditor Appointment

• Appointment of Kapil Kumar Agarwal & Associates as statutory auditor.

Vellora Impact Limited (formerly Pratiksha Chemicals Limited): Closure of trading window from October 01, 2026 till the completion of 48 hours after the declaration of the Unaudited Financial Results of the Company for the quarter ended September 30, 2026

Financial highlights

• Revenue from operations: Rs 467.33 Lakhs in FY2025-26, down from Rs 605.90 Lakhs.
• Total income: Rs 486.69 Lakhs in FY2025-26, vs Rs 610.82 Lakhs prior year.
• Profit before tax swung positive to Rs 527.24 Lakhs from Rs -771.11 Lakhs.
• Profit after tax: Rs 499.28 Lakhs, vs Rs -766.47 Lakhs in the prior year.
• EPS: Rs 8.96 for FY2025-26.
• No dividend declared in FY2025-26.
• Rights issue planned post-year; name change to Vellora Impact Limited.

Capital actions & corporate structure

• Authorised share capital increased to ₹32 crore at Feb 2026 EGM; later rescinded.
• Proposed amendment to Clause V to reflect higher authorised capital.
• Registered office shifted within Ahmedabad in 2025-26.
• Name change to Vellora Impact Limited approved; effective April 2026.
• Rights issue fund-raising undertaken post-year to support expansion.

Governance & board changes

• Shivrajsinh Haishchandrasinh Chudasama appointed Independent Director on 14/05/2026.
• Priya Nitinkumar Tomar appointed Director on 01/05/2026.
• Sumit Harjibhai Gol continues as Managing Director since 05/11/2025.
• Board met 10 times during the year.

Audit, internal controls & compliance

• Statutory audit: Chandabhoy & Jassoobhoy resigned; Kapil Kumar Agarwal & Associates appointed.
• Material weaknesses noted in internal controls due to cash-basis gratuity accounting.
• Going concern subject to successful rights issue funding; management expects continuation.

Dividend & shareholder value

• Dividend declared for the year: none.

Related party transactions

• Related party transactions disclosed; KMP remuneration and NK Pigment Industries dealings.
• Board approval obtained for related party transactions; balances with related parties disclosed.

Operations, risk & outlook

• Segments: Agriculture trading and IT services; focus on agri-commodity trading.
• Risks include competition, commodity-price volatility, regulatory changes, and FX risks.
• Management remains cautiously optimistic; pursuing rights issue to fund growth and working capital.
• CSR provisions not applicable; governance and risk management policies in place.

AGM Details

• AGM scheduled for 30 September 2026 at 12:00 noon, at registered office; physical meeting.
• Voting via remote e-voting facility; record/cut-off date for voting is 23 September 2026.
• Notice indicates ordinary and special business to be transacted.

Key Resolutions

• Adopt financial statements for year ended 31 March 2026.
• Reappoint Sumit Harjibhai Gol as Managing Director.
• Appoint Kapil Kumar Agarwal & Associates as Statutory Auditor.
• Regularise Shivrajsinh Chudasama as Independent Director.
• Regularise Priya Nitinkumar Tomar as Director.
• Rescind EGM Feb 2026 increase in authorised share capital.
• Increase authorised share capital and amend Clause V.

Auditors & Secretarial

• Chandabhoy & Jassoobhoy resigned as Statutory Auditor on 14 Aug 2026.
• Kapil Kumar Agarwal & Associates appointed to fill casual vacancy.
• Board intends five-year Statutory Auditor term, subject to shareholder approval.
• Internal Auditor: Mauksh Shah & Associates.
• Secretarial Auditor: A. Shubhangi & Associates.

Related Party Transactions

• Managerial remuneration to former KMP Jayesh Patel: 10.85 Lakh.
• Office rent to relatives of KMPs: 0.15 Lakh each.
• Sale/purchase of goods with related party: 10.77/7.45 Lakh.
• All related party transactions were arm's length and in the ordinary course.

Capital & Corporate Actions

• Change of name to Vellora Impact Limited; effective April 2026.
• Registered office shifted within Ahmedabad (Vasna to Thaltej).
• Authorized share capital increased to Rs 32 crore; later rescinded.
• Preferential issue withdrawn; Rights issue proposed and withdrawn.

Dividend

• No dividend was recommended for FY2025-26.

Governance & Board Changes

• Multiple director resignations in 2025-26; new appointments in 2026.
• Board held 10 meetings during the year.

Voting Details

• Remote e-voting window: 27–29 September 2026.
• Members on record date for voting: 23 September 2026.

AGM rescheduling

• AGM postponed to 30 September 2026 at 12:00 Noon, at the Registered Office.
• Revised AGM notice approved to include the additional resolution and circulated to members.
• Revised remote e-voting: cutoff 23 September 2026; voting 27–29 September 2026.
• Earlier AGM date of 18 September 2026 superseded due to rescheduling.
• AGM venue: Registered Office, Office No. 26, Newyork Trade Centre, SG Highway, Ahmedabad.
• Remote e-voting facility to be provided per applicable laws; votes cast earlier must be re-cast.
• Board meeting held on 8 September 2026 approved these actions.

Financial snapshot

• Revenue from operations: 467.33 lakh (FY2025-26)
• Total income: 486.69 lakh
• PBT: 527.24 lakh
• PAT: 499.28 lakh
• EPS: ₹8.96
• Dividend declared: none

Capital structure & ownership

• Authorized capital: ₹32.00 crore
• Paid-up capital: ₹5.57 crore
• Name change to Vellora Impact Limited; effective Apr 2026
• Dividend status: no dividend declared

Governance & board changes

• Shivrajsinh Chudasama appointed Independent Director
• Priya Tomar appointed Director
• Board comprises independent and non-exec directors

Audit, controls & compliance

• Statutory auditor Chandabhoy & Jassoobhoy resigned; Kapil Kumar Agarwal & Associates appointed
• Qualified opinion: gratuity and leave encashment cash-basis per Ind AS 1/19
• Internal financial controls flagged as having material weaknesses
• Secretarial audit notes: Reg 31/33/76/46 gaps; actions planned

Strategic shift & capital actions

• Business pivot to IT/ITeS; manufacturing focus reduced
• Rights issue proposed Feb 2026; withdrawn
• Management cites going-concern posture; funds to expand IT business and working capital

Operations & risk

• Single segment: Pigment Green-7
• Risks: raw material costs, competition, regulatory changes
• Risk management policy in place; ongoing monitoring

AGM Details

• Date/time: 18 September 2026 at 12:00 noon.
• Mode: video conferencing/AV.
• Venue: Registered Office, Ahmedabad.

Key Resolutions

• Adopt financial statements for year ended 31 March 2026 including Balance Sheet and P&L.
• Appoint Kapil Kumar Agarwal & Associates as Statutory Auditors for five years; remuneration to be mutually agreed.
• Regularise Shivrajsinh Haishchandrasinh Chudasama as Independent Director not liable to retirement by rotation.
• Regularise Priya Nitinkumar Tomar as Director liable to retirement by rotation.

Voting and Results

• Voting results not disclosed in this filing.

Director Changes

• Regularise Shivrajsinh Haishchandrasinh Chudasama as Independent Director for five years.
• Regularise Priya Nitinkumar Tomar as Director liable to retire by rotation.

Auditor Appointments

• Statutory Auditor appointed for five-year term from this AGM to the 40th AGM.