Prabhat Technologies (India) Limited secured shareholder approval for a change in its corporate identity and the appointment of a new Managing Director at an Extra-Ordinary General Meeting (EGM) held on June 18, 2026. The meeting, conducted via video conferencing, saw the passing of four special resolutions with 100% of the valid votes cast in favour. These strategic moves are aimed at strengthening the company's leadership and governance structure to support long-term growth.

The resolutions encompassed a change in the object clause of the Memorandum of Association, the change of the company's name, the consequent alteration of the Articles of Association, and the appointment of Mr. Shivanshu Pandey as Managing Director. The voting results indicated strong support, with 8,659,210 votes cast in favour across all resolutions. The remote e-voting process, conducted through the NSDL platform, was scrutinized by Ms. Monika Shekhawat of Shekhawat & Associates, a Practicing Company Secretary.

Mr. Shivanshu Pandey (DIN: 06916787), aged 34, has been appointed as Managing Director for a period of five years effective May 15, 2026. A Graduate with extensive experience in corporate governance, strategic planning, and business management, he previously served as an Additional Director. The Board recognized his expertise in the entertainment industry and strategic business operations. He does not hold any pecuniary relationship with the other Directors of the Board.

The EGM commenced at 01:00 P.M. and concluded at 1:21 P.M., with 29 members participating through remote audio-visual means. Mr. Anil Kumar Sinha, Director, chaired the proceedings. The meeting confirmed the requisite quorum was present, validating the voting process. The disclosure was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resolutions Passed

Key Attendees

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.