Prabhans Industries shareholders approved all 13 resolutions at its 32nd Annual General Meeting held on September 30, 2026. The meeting, conducted via video conferencing, saw significant voting support for financial and governance matters.

The approvals included granting the board power to borrow funds up to ₹100 crore under Section 180(1)(c) of the Companies Act, 2013. Shareholders also authorized the creation of charges on company assets under Section 180(1)(a). These measures provide the company with enhanced financial flexibility for future operations.

Governance and Director Appointments

The meeting addressed several key governance issues, including the re-appointment of directors and regularization of appointments. Ms. Parminder Kaur was re-appointed as a director liable to retire by rotation. Additionally, the shareholders approved the regularization of Mr. Parveen Bhadana as Whole Time Director, and Ms. Megha Sharan and Mr. Atul Chauhan as Non-Executive Independent Directors.

Voting results indicated strong support for these appointments, with the majority of votes cast in favour through remote e-voting facilities provided by CDSL.

Remuneration Waivers Approved

A significant portion of the agenda involved special resolutions for waivers regarding managerial remuneration. Shareholders approved the waiver for recovery of excess remuneration paid to Managing Director Satnam Singh for FY25. Similar waivers were approved for Non-Executive Directors Harjot Kaur Chawla and Parminder Kaur for the period April 1, 2024 to March 31, 2026. The board also received approval to pay managerial remuneration in excess of limits prescribed under Section 197 of the Companies Act, 2013.

What the Numbers Show

The voting data reveals a consistent pattern of support across all resolutions. For most items, including financial approvals and director appointments, 87.76% of valid votes were cast in favour, while 12.24% were against. This uniformity suggests a cohesive shareholder base or concentrated voting power among supporters. Notably, promoter group participation was recorded at 58.33% of their holding on e-voting platforms for most resolutions, indicating active engagement from the management side during the digital voting process.

Prabhhans Industries Limited will hold a board meeting on Wednesday, September 30, 2026, to consider raising funds through the issuance of equity shares and other securities. The proposal includes options for rights issues or preferential allotments, subject to regulatory approvals.

The company filed a prior intimation with the BSE under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting is scheduled at the corporate office in Hyderabad, Telangana.

Proposed capital structure changes

The Board of Directors will deliberate on the following key items:

• Fund raising mechanism: Approval of proposals to raise funds by issuing equity shares and/or other securities in one or more tranches.
• Issuance modes: The company may utilize permissible modes including rights issues, preferential issues, or other methods allowed under the Companies Act, 2013, and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
• Terms and conditions: The price, manner, and terms of issuance will be determined by the Board, subject to statutory and regulatory approvals, including member approval if required.
• Other business: Consideration of any additional items decided by the Board.

The filing was signed by Satnam Singh, Managing Director and CFO, on September 25, 2026.