Prabhat Technologies (India) Limited reported a widened net loss of ₹3,921.63 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹1,617.34 lakh in the previous year. The financial performance was significantly impacted by exceptional items amounting to ₹1,564.13 lakh related to liabilities for claims admitted under the Corporate Insolvency Resolution Process (CIRP). The board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026. The company published these results in the Financial Express and Mumbai Lakshadeep newspapers on June 01, 2026, under Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The standalone total income for FY26 stood at ₹399.04 lakh, a decrease from ₹192.09 lakh in the previous year. Revenue from operations dropped to ₹0.02 lakh from ₹99.86 lakh in FY25. Total expenses for the year increased to ₹320.24 lakh from ₹249.16 lakh in the prior year. The company reported a profit before exceptional items and tax of ₹78.80 lakh, but after accounting for the exceptional items and tax expenses, it recorded a net loss for the year.

Key Standalone Financials (FY26)

On a consolidated basis, the company reported a total income of ₹510.89 lakh for FY26, up from ₹232.58 lakh in the previous year. The consolidated net loss for the year was ₹3,831.96 lakh, compared to a net loss of ₹54.96 lakh in FY25. The consolidated results include the financials of subsidiaries Prabhat Global Industries Pvt. Ltd. and Prabhat Telecom Hongkong PTE.

The statutory auditors, Harish Arora & Associates, issued an unmodified opinion on the audited financial results. In view of the ongoing Corporate Insolvency Resolution Process, the powers of the board of directors stand suspended and are exercised by the Resolution Professional.

Prabhat Technologies (India) Limited has published newspaper advertisements notifying its Extra-Ordinary General Meeting (EGM) scheduled for June 18, 2026, fulfilling its disclosure obligations under Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The advertisements were published in the Financial Express (English) and Mumbai Lakshadeep (Marathi) on May 27, 2026, and the disclosure was submitted to BSE Limited by Chief Financial Officer Parag Rameshchandra Malde. The EGM notice was also sent to members via email on May 25, 2026, and is accessible on the company's website as well as on the BSE platform and the Registrar & Transfer Agent's portal.

Strategic Shift: Telecom to Entertainment

The EGM has been convened to seek shareholder approval for a significant strategic transformation — moving from the telecom sector to the entertainment industry. The Board of Directors approved the name change to Prabhat Entertainment Limited on April 13, 2026, following approval from the Ministry of Corporate Affairs (MCA) on May 4, 2026. The proposed name is reserved for a period of 60 days. Shareholders will vote on altering the Name Clause in the Memorandum of Association and substituting the existing name with the new one. The company also seeks approval to replace Clause III A and Clause III B of the Memorandum of Association to align its objects with the new business focus, encompassing music creation, composition, production, publishing, distribution, and commercialization of music and audio-visual content, including cinematograph trade and film exhibition.

Appointment of Managing Director

The EGM will also consider the appointment of Mr. Shivanshu Pandey as Managing Director for a period of five years, effective May 15, 2026, to May 14, 2031. Mr. Pandey was appointed as an Additional Director on April 30, 2026, and brings expertise in corporate governance, strategic planning, and the entertainment industry. The Board recommended his appointment based on his experience in strategic business operations.

The remuneration terms include a gross pay of ₹2,00,000 per month, with annual increments effective from April 1 each year at the Board's discretion. The package is subject to the limits under Schedule V of the Companies Act, 2013, and includes provisions for minimum remuneration in the event of inadequate profits, along with specific termination clauses requiring three months' notice or payment in lieu.

EGM and Voting Schedule

The EGM is scheduled for Thursday, June 18, 2026, at 1:00 PM IST, to be held via Video Conferencing or Other Audio-Visual Means (OAVM). The company has engaged National Securities Depository Limited (NSDL) to facilitate the e-voting process, with Ms. Monika Shekhawat, Practising Company Secretary, appointed as Scrutinizer. The following table outlines the key dates for shareholder participation:

The facility for appointing proxies will not be available as the meeting is conducted via VC/OAVM. Members who have cast their votes via remote e-voting prior to the EGM may attend the meeting but will not be entitled to vote again. Members can join the meeting 35 minutes before the scheduled commencement time.