Parshva Enterprises has published a public notice in newspapers regarding its 9th Annual General Meeting (AGM), scheduled for September 18, 2026. The company confirmed the advertisement appeared in Active Times and Mumbai Lakshadeep on August 27, 2026, in compliance with SEBI regulations.

The Board of Directors approved the agenda during its meeting on August 24, 2026. The meeting commenced at 5:00 pm and concluded at 5:45 pm.

Board Appointments

The board approved the re-appointment of Managing Director Prashant Vora and independent directors Meghna Gala and Tejas Shah. These appointments are subject to shareholder approval at the upcoming AGM.

Based on the recommendation of the Nomination and Remuneration Committee, the board approved the following:

• Prashant Vora: Re-appointed as Managing Director for a three-year term from April 1, 2027, to March 31, 2030. Vora, a promoter with over 15 years of experience in trading, distribution, real estate, and gems and jewellery, holds 41,15,939 shares in the company. His proposed remuneration is ₹24,00,000 per annum within a salary grade of ₹24,00,000 to ₹30,00,000.
• Meghna Gala: Re-appointed as an Independent Director for a second five-year term from May 10, 2027, to May 9, 2032. Gala, an Associate Member of the Institute of Company Secretaries of India, has no shareholding in the company.
• Tejas Shah: Re-appointed as an Independent Director for a second five-year term from May 10, 2027, to May 9, 2032. Shah, who holds a B.Com and LLB degree, also has no shareholding in the company.

Additionally, Harsh Prashant Vora (DIN: 07861487), who retires by rotation, offers himself for re-appointment as a director.

The board affirmed that none of the directors being re-appointed are debarred from holding office by SEBI or any other authority.

Financial Performance FY26

The notice includes financial performance indicators for the year ended March 31, 2026:

AGM Details

The 9th AGM will be held on September 18, 2026, at 9:00 am via Video Conferencing or Other Audio-Visual Means (OVAM). Key logistical details include:

• Remote e-voting period: Commences at 9:00 am on September 15, 2026, and concludes at 5:00 pm on September 17, 2026.
• Record date: Shareholders holding shares as on September 11, 2026, are eligible to vote.
• Scrutinizer: Mr. Jenish Sanjaybhai Doshi, Practicing Company Secretary, has been appointed to conduct e-voting.
• Transfer books closed: The Register of Members and Share Transfer books will remain closed from September 12, 2026, to September 18, 2026, pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Internal Auditor Appointment

On the recommendation of the Audit Committee, the board re-appointed M/s. Jigar Zaveri & Associates (FRN No. 139344W) as the internal auditor for the financial year 2026-2027, effective April 1, 2026.

Parshva Enterprises reported a standalone net profit of ₹7.71 lakh for the quarter ended June 30, 2026, rising 6% from ₹7.27 lakh in the preceding quarter. The company’s consolidated net profit was ₹7.47 lakh, compared to ₹7.01 lakh in the prior period. Revenue from operations held steady at ₹641.12 lakh for both standalone and consolidated figures, reflecting consistent operational throughput despite fluctuating inventory adjustments. This stability suggests resilient demand or effective pricing strategies in a volatile market environment.

The Board of Directors approved the unaudited standalone and consolidated financial results on August 6, 2026, pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. M/s Bohara Shah & Co., the statutory auditors, issued an independent review report under Standard on Review Engagement (SRE) 2410, confirming no material misstatements in the interim financial information prepared under Ind AS 34. The results were also reviewed by the Audit Committee before final approval.

Financial Performance Highlights

Standalone operating profit before tax stood at ₹10.46 lakh, up from ₹9.88 lakh in the previous quarter. Total expenses decreased slightly to ₹630.66 lakh from ₹630.76 lakh, driven by lower purchases of stock-in-trade which fell to ₹646.88 lakh from ₹723.27 lakh. This reduction was partially offset by a change in inventory values of -₹42.35 lakh, compared to -₹110.53 lakh in the prior quarter.

Consolidated expenses totaled ₹630.90 lakh, with employee benefits expense rising to ₹10.11 lakh from ₹9.82 lakh. Finance costs declined to ₹0.47 lakh from ₹0.62 lakh. Depreciation and amortization expense increased significantly to ₹6.08 lakh from ₹1.57 lakh in the previous quarter, impacting the bottom line slightly despite stable revenues.

What the Numbers Show

The stability in revenue alongside a drop in stock purchases suggests efficient inventory management or a shift in procurement timing rather than a demand slowdown. The significant rise in depreciation expense, more than tripling from the previous quarter, indicates potential capital asset additions or re-evaluations that are yet to be fully reflected in operational cost structures. While net profit showed a modest quarter-on-quarter improvement, the year-to-date consolidated net profit of ₹25.73 lakh remains below the ₹26.74 lakh standalone figure for the full year ended March 31, 2026, highlighting the impact of the wholly owned subsidiary, Parshva Multitrade Limited, which reported negligible revenue but minor losses in prior periods.