Prabhu Steel Industries Limited has informed the stock exchanges that a meeting of its Board of Directors is scheduled to take place on Tuesday, May 12, 2026. The meeting will be convened at the company's Registered Office located at Plot No. 158, Small Factory Area, Bagadganj, Nagpur – 440008. This intimation has been issued in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agenda for the Board Meeting

The primary purpose of this board meeting is to deliberate on several significant corporate actions. The board will review and potentially approve changes to the company's foundational documents and set the stage for an upcoming Extra-Ordinary General Meeting (EGM). The specific items listed on the agenda include the alteration of the object clause of the company and the administrative steps required to convene the EGM.

Key Business Items

The board is set to address a structured list of business items during the session. The following table outlines the specific agenda points that the directors will consider:

EGM Preparations

A significant portion of the meeting is dedicated to the preparations for the Extra-Ordinary General Meeting. The board will determine the specific date, time, and venue for this meeting. Furthermore, they are tasked with approving the draft notice for the EGM, which must include an explanatory statement as mandated by Section 102 of the Companies Act, 2013. Additionally, the board will appoint a scrutinizer for the EGM in compliance with Section 110 of the Companies Act, 2013, to ensure the voting process is conducted fairly.

The communication was signed by Mr. Dinesh Gangaram Agarwal, Managing Director of Prabhu Steel Industries Limited, on May 7, 2026. The company has requested the exchanges to take the intimation on record.

Prabhu steel industries Limited has officially declared to stock exchanges that it is exempt from submitting the Annual Secretarial Compliance Report under SEBI Regulation 24A. The declaration was communicated to BSE Limited and The Calcutta Stock Exchange Association Limited on April 08, 2026.

Regulatory Background

The Securities and Exchange Board of India amended the Listing Obligations and Disclosure Requirements Regulation, 2015, introducing Regulation 24A which mandates secretarial audits for listed companies. Under this regulation, every listed company and its material unlisted subsidiaries incorporated in India must undertake secretarial audit and annex a secretarial audit report with their annual report, effective from the year ended March 31, 2019.

Exemption Criteria

Prabhu Steel Industries Limited qualifies for exemption under Regulation 15(2)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This exemption applies to specific categories of listed entities that meet certain financial thresholds.

Company Communication

The declaration was signed by Mr. Dinesh Agrawal, Managing Director (DIN: 00291086), and submitted to both stock exchanges where the company's securities are listed. The communication referenced SEBI Circular dated February 08, 2019 (CIR/CFD/CMDI/27/2019) which provided guidance on the implementation of these requirements.

Regulatory Compliance Impact

The exemption under Regulation 15(2) extends beyond just the secretarial compliance report, covering multiple regulatory provisions including regulations 17 through 27 and specific clauses of regulation 46. This comprehensive exemption is designed to reduce compliance burden on smaller listed entities while maintaining essential regulatory oversight.

The company has requested both stock exchanges to take this declaration on record, ensuring proper documentation of its exempt status for the relevant financial year. This formal communication demonstrates the company's commitment to transparent regulatory compliance and proper disclosure to market participants.