Prag Bosimi board to meet on May 29 for FY26 results

Prag Bosimi Synthetics Limited has announced that its board of directors will meet on Friday, May 29, 2026. The meeting is scheduled to take place at the company's corporate office located in Mumbai. The primary agenda for the gathering involves the consideration and approval of the company's financial performance for the recent period.

Agenda for the Meeting

The board will deliberate on the audited standalone and consolidated financial results of the company. This includes the financial outcomes for the quarter and the financial year ended on March 31, 2026. Additionally, the directors will review the statements of assets and liabilities as well as the cash flow statement corresponding to the same date.

Financial Statements Approval

Apart from the quarterly results, the board is set to consider and approve the audited standalone and consolidated financial statements for the full financial year ended March 31, 2026. The approval of these documents is a standard regulatory requirement following the conclusion of the fiscal year.

The meeting notice was intimated to the stock exchanges on May 21, 2026, under the provisions of Regulation 29 of the SEBI LODR Regulations, 2015. Any other matters with the permission of the Chairman may also be taken up during the session.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.56%	-1.66%	-4.30%	-10.55%	-27.35%	-19.09%

Prag Bosimi Synthetics Limited has formally disclosed a default on dividend payments for its Non-Convertible Redeemable Cumulative Preference Shares, following regulatory requirements under SEBI circular dated November 21, 2019. The company filed the disclosure on April 8, 2026, reporting a default that occurred on March 31, 2026.

Default Details and Financial Impact

The company has defaulted on dividend payments amounting to ₹9.06 crore on its Redeemable Cumulative Preference Shares. The default affects 2 investors who hold these securities.

Parameter:	Details
Default Amount:	₹9.06 crore (dividend payable)
Date of Default:	March 31, 2026
Number of Affected Investors:	2
Reason for Default:	Inadequate profits

Preference Share Structure

The preference shares in question were originally issued for ₹15.77 crore with specific terms and conditions. These securities carry a variable dividend rate structure and have a long-term maturity profile.

Specification:	Details
Total Issue Amount:	₹15.77 crore
Tenure:	20 years from October 12, 2016
Security Type:	Unsecured
Dividend Rate:	1% till March 31, 2019 and 8% from April 1, 2019 onwards
Redemption Date:	October 11, 2037

Financial Position

The company's overall financial indebtedness provides context to the current default situation. As of March 31, 2026, Prag Bosimi Synthetics Limited reported total financial indebtedness of ₹189.67 crore, including both short-term and long-term debt obligations.

The company noted that the entire issue of preference shares was allocated exclusively to promoters, indicating that the default impacts the company's founding stakeholders directly. The management attributed the dividend default to inadequate profits, suggesting operational challenges in generating sufficient returns to meet preference dividend obligations.

Regulatory Compliance

The disclosure was made in compliance with SEBI circular SEBI/HO/CFD/CMD1/CIR/P/2019/140 dated November 21, 2019, which mandates listed entities to report defaults on debt securities that continue beyond 30 days from the date of default. The filing was signed by Director Raktim Kumar Das on behalf of the company.