Prospect Consumer Products Ltd

AGM details

• Date and time: 30 September 2026, 1:00 PM; mode: physical at Ahmedabad venue.
• Meeting duration: 1:00 PM to 2:00 PM.
• Remote e-voting facility provided.

Resolutions

• Ordinary: adopt Audited Standalone Financial Statements and reports.
• Ordinary: reappoint director retiring by rotation.
• Special: increase authorised share capital.
• Special: remuneration for non-executive director.

Voting results

• Results awaiting Scrutinizer's report; not disclosed in filing.

Director changes

• Director to be reappointed; retires by rotation.

Prospect Consumer Products Limited closes trading window from 1 October 2026 until 48 hours after the declaration of the unaudited half-year results for the period ended 30 September 2026

Governance update

• Board adopted revised Board's Report for FY ended 31 March 2026.
• Report will form part of the Annual Report for the 4th AGM on 30 Sept 2026.
• Meeting held on 2 September 2026; no financial details disclosed in this update.

Key approvals and AGM actions

• Authorised share capital increased to ₹8.5 crore by issuing 10 lakh additional equity shares.
• Subject to shareholders' approval at the AGM.
• AGM scheduled for 30 September 2026 at 1:00 PM.
• Register of Members closed 24–30 September 2026 for AGM.
• Cut-off date for voting eligibility: 23 September 2026.
• Approved Directors' Report and Annexure for year ended 31 March 2026.
• Re-appointment of Mrs. Priyanka Vimal Mishra as director liable to rotation.
• Appointed M/s Kadambari Dave & Associates as Scrutinizer for AGM.

Meeting Details

• Meeting scheduled on Thursday, 27 August 2026, at 417, Sun Orbit, B/h Rajpath Club Road, Bodakdev, Ahmedabad-380054, Gujarat.

Key Agenda Items

• Approve date, time, venue and notice for the ensuing AGM.
• Approve Directors' Report with annexures for year ended 31 March 2026.
• Approve e-voting matters and appointment of Scrutinizer for the AGM.
• Approve such other matters in connection with the AGM.

Other Notes

• Former name Prospect Commodities Limited; now Prospect Consumer Products Limited.

Dematerialisation/rematerialisation status

• No dematerialisation requests were received from depository participants during the period.
• No certificates were mutilated or cancelled for dematerialisation during the period.
• No substitution of the depository's name in the register of members within 15 days of receipt of securities.

Price movement clarification

• Company states all material events and price-sensitive information have been disclosed under SEBI LODR Regulation 30.
• There are no pending announcements as of date requiring disclosure.
• Price movement is market-driven, with no material company-specific reason.

FY26 results

• Total income rose 85% year-on-year to ₹57.62 crore in FY26.
• EBITDA increased 48.34% year-on-year to ₹6.31 crore.
• PAT grew 14.76% year-on-year to ₹2.44 crore.
• H2 PAT was pressured by depreciation, forex, interest, and marketing spend.

Operations and capacity

• Installed capacity increased to 4,800 MTPA at Changodar, Ahmedabad.
• Capacity utilization reached 2,500-3,000 MTPA in FY26.
• Management targets 3,500-4,000 MTPA utilization in FY27.
• Automation was implemented across all seven cashew-processing stages.
• Management said the plant is about 80% automated.

B2C and margins

• DriFrutz launched dried berries, seeds, and flavoured cashew variants.
• B2C and gifting sales were about ₹50-60 lakh currently.
• Management targets B2C and gifting at 10% of revenue.
• EBITDA margin guidance is 12%-15% for FY27.
• PAT margin guidance was 5%-7% for FY27.

Q&A Highlights

• Analysts asked why H2 margins fell; management cited depreciation, forex, interest, and marketing costs.
• Analysts asked about revenue growth drivers; management said higher volumes drove FY26 growth.
• Analysts asked about B2C traction; management said sales are early and platform listings are being built.
• Analysts asked about competition; management said the market is large and quick commerce is the key shift.
• Analysts asked about sourcing; management said most raw material came from Africa, mainly West Africa.
• Analysts asked about inventory buildup; management said 25%-30% material needs manual processing, creating stock.
• Analysts asked about debt; management said debt-to-equity should stay below 0.6.
• Analysts asked about new products; management said more offerings may be shared in H1 FY27.