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.

Prabhat Technologies (India) Limited has announced key leadership changes and a strategic pivot in its business operations following its board meeting on May 15, 2026. The company appointed Mr. Aakash Vishwamani Tiwari as an Additional Director and designated Mr. Shivanshu Pandey as its new Managing Director. Additionally, the Board approved a proposal to change the company's name to Prabhat Entertainment Limited to reflect its new business focus.

Leadership Appointments

The Board approved the appointment of Mr. Aakash Vishwamani Tiwari (DIN: 11712666) as an Additional Director in the Non-Executive Non-Independent category, effective immediately from May 15, 2026. Mr. Tiwari holds a Diploma in 3D Animation and 3D Modeling from Kwantlen Polytechnic University, Vancouver, and a BSc in Animation and VFX from Bharathiar University. He brings expertise in 3D animation, modeling, and visual effects.

Simultaneously, Mr. Shivanshu Pandey (DIN: 06916787), who was previously an Additional Director (Executive), has been appointed as the Managing Director of the Company for a term of five years effective from May 15, 2026. This appointment is subject to the approval of shareholders and other statutory regulatory approvals. Mr. Pandey possesses extensive experience in corporate governance, strategic planning, and business management.

Strategic Shift and Name Change

In a significant strategic move, the Board considered and approved the alteration of the object clauses of the Memorandum of Association. The company plans to replace existing Clause III A and Clause III B to align its business focus with the entertainment sector. The revised objects encompass the creation, production, publishing, distribution, and commercialization of audio-visual and entertainment content across various media platforms.

Consequent to this shift in business focus from the telecom sector, the Board has approved changing the name of the Company from “Prabhat Technologies (India) Limited” to “Prabhat Entertainment Limited”. This change, along with the alterations to the Memorandum of Association and Articles of Association, is subject to the approval of shareholders and necessary regulatory clearances.

Key Approvals and Next Steps

The Board has appointed M/s Shekhawat & Associates, Practicing Company Secretary, as the Scrutinizer to conduct the e-voting and venue voting process for the upcoming Extra-Ordinary General Meeting (EGM). The meeting to finalize these decisions commenced at 11:00 a.m. and concluded at 18:30 p.m. on May 15, 2026.