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.

Prabhhans Industries Limited has accepted the resignation of Jaspreet Singh as Non-Executive Independent Director and appointed Atul Chauhan to the same position, effective August 6, 2026. The change in leadership ensures continuity in the company’s governance structure, with the new appointee immediately assuming chairmanship roles in critical board committees. Shareholders will need to approve Chauhan’s appointment at the ensuing General Meeting for his five-year term.

The Board of Directors approved these changes during a meeting held on August 6, 2026, at its corporate office in Ludhiana. In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company disclosed that Jaspreet Singh resigned due to personal reasons. Singh confirmed there were no other material reasons for his departure and stated he holds no directorships in other listed entities. His resignation was effective immediately after the closure of business hours on the date of the meeting.

Atul Chauhan, an Associate Member of the Institute of Company Secretaries of India (ICSI), brings over 15 years of experience in corporate laws, governance, and regulatory compliance. A Law and Commerce graduate from the University of Lucknow, Chauhan is the Proprietor of Atul Chauhan & Co. and a Partner at SRC & Co., Company Secretaries. He has advised more than 500 companies and LLPs on governance, legal advisory, restructuring, and statutory compliance. The Nomination and Remuneration Committee recommended his appointment, noting he has no relationship with existing directors and is not debarred by SEBI or any other authority.

The Board simultaneously reconstituted three key committees to reflect the change in independent directors. Atul Chauhan replaced Jaspreet Singh as Chairman of the Audit Committee, the Nomination and Remuneration Committee, and the Stakeholders Relationship Committee. Megha Sharan continued as a Member-Independent Director across the latter two committees, while Parminder Kaur remained a Member-Non-Executive Director. Rajesh Khurana’s role in the Nomination and Remuneration and Stakeholders Relationship Committees was succeeded by Sharan.

Committee Reconstitution Details

The following table outlines the changes in committee composition effective August 6, 2026:

Satnam Singh, Managing Director and CFO, authorized the disclosure. The company confirmed it would file the requisite e-Form DIR-12 with the Registrar of Companies and make necessary disclosures to stock exchanges as per the Companies Act, 2013, and SEBI (LODR) Regulations, 2015.