Prabhans Industries rescheduled its 32nd Annual General Meeting to September 30, 2026. The Ludhiana-based textile firm will hold the meeting via video conference to transact ordinary and special business items.

The company originally scheduled the AGM for August 21, 2026, but moved it following a board meeting on September 8, 2026. The register of members and share transfer books will remain closed from September 24, 2026 to September 30, 2026 (both days inclusive) to determine eligibility for the meeting.

E-Voting Details

Shareholders can exercise their voting rights through remote e-voting facilitated by CDSL. The process will commence on Sunday, September 27, 2026 at 9:00 am and conclude on Tuesday, September 29, 2026 at 5:00 pm.

The cut-off date for determining members eligible for remote voting is fixed as Wednesday, September 23, 2026. Mr. Amit Saxena of M/s Amit Saxena & Associates has been appointed as the Scrutinizer for the e-voting process.

Board Approvals and Director Changes

During the September 8 board meeting and subsequent filings, the company regularized two non-executive independent directors and approved several statutory proposals:

• Regularized Ms. Megha Sharan (DIN: 05332335) as a Non-executive Independent Director.
• Regularized Mr. Atul Chauhan (DIN: 03578401) as a Non-executive Independent Director.
• Appointed Mr. Parveen Bhadana as a Whole-time Director effective July 16, 2026.
• Ms. Harjot Kaur Chawla resigned from the office of Director effective July 16, 2026.
• Mr. Rajesh Khurana resigned from the office of Non-Executive Independent Director effective August 1, 2026.

Special Business Items

The AGM agenda includes seeking shareholder approval for multiple special resolutions:

• Increase in limits under Section 180(1)(a) for creating charges on assets up to ₹100 crore.
• Power to borrow funds under Section 180(1)(c) not exceeding ₹100 crore.
• Approval for loans, guarantees, or security under Section 185 for persons in whom directors are interested.
• Loans, guarantees, securities, and investments under Section 186 up to ₹100 crore.
• Waiver for recovery of excess managerial remuneration paid to Mr. Satnam Singh, Ms. Harjot Kaur Chawla, and Ms. Parminder Kaur for FY24-25 and FY25-26.
• Omnibus authority to pay managerial remuneration in excess of prescribed limits for any financial year commencing April 1, 2026.

Financial Performance Context

The AGM notice accompanies the Annual Report for FY25-26. The company reported revenue from operations of ₹10,107.71 lakh for the year ended March 31, 2026, an increase from ₹8,693.58 lakh in FY24-25. Net profit after tax stood at ₹163.76 lakh, down from ₹227.27 lakh in the previous year.

Prabhans Industries board approved seeking a three-month extension to convene its 32nd annual general meeting for the financial year ended March 31, 2026.

The decision was taken during a board meeting held on September 1, 2026, at the company’s corporate office in Ludhiana. The directors authorized filing an application with the Registrar of Companies, Hyderabad, to secure the additional time required for holding the shareholder meeting.

Board Meeting Details

The board of directors commenced its session at 11:15 am and concluded at 11:45 am. Satnam Singh, managing director and CFO, signed the disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company is a unit of Prabh Dayal Sant Ram - Hans Raj & Sons. Its registered office is located in Jubilee Hills, Hyderabad.