Prakash Industries Limited disclosed on April 6, 2026, that its promoters and persons acting in concert have not created any encumbrance on shares during the financial year 2025-26. The declaration, submitted to the National Stock Exchange of India and BSE Ltd, confirms that no new charges were established directly or indirectly beyond those previously reported to the exchanges.

The filing was made under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose any encumbrance on shares held by them or by persons acting in concert. The disclosure was signed by Vikram Agarwal, a promoter of the company.

The declaration covers a comprehensive list of 41 entities within the promoter and promoter group. This list includes individual promoters such as Ved Prakash Agarwal, Mohini Agarwal, and Vikram Agarwal, as well as various corporate entities and limited liability partnerships associated with the group.

List of Promoter and Promoter Group

Prakash Industries has announced its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors, which met on May 22, 2026, in New Delhi, approved the results and recommended a dividend of ₹1.80 per equity share of ₹10 each for the financial year ended March 31, 2026, subject to shareholder approval. The company published the extract of these audited financial results in newspapers viz. Business Standard (English & Hindi) editions on May 23, 2026. The publication was made in terms of Regulation 30, 33 and 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

For the quarter ended March 31, 2026, the company reported a Profit After Tax (PAT) of ₹933 million (₹93 crore), compared to ₹908 million in the corresponding quarter of the previous year. Total revenue from operations for the quarter stood at ₹9.20 billion (₹920 crore), up from ₹8.45 billion in the same period last year. EBITDA for the quarter came in at ₹1.43 billion (₹149 crore) versus ₹1.32 billion in the year-ago period, while EBITDA margin stood at 15.50% compared to 15.58% in the corresponding quarter. For the full year ended March 31, 2026, the company recorded a PAT of ₹33,314 lakh (₹333 crore) on total revenue from operations of ₹3,47,866 lakh (₹3,479 crore).

The following table summarises the key financial metrics for the quarter and full year:

The table below highlights the year-on-year comparison for key quarterly metrics:

Operational Highlights

During the quarter, the company achieved Net Sales of ₹920 crore and EBITDA of ₹149 crore, reflecting growth of 9% and 7% respectively over the corresponding quarter of the previous financial year. The company extracted approximately 2.68 lac MT of coal during the quarter and achieved a targeted extraction of approximately 1 Mn MT of coal in FY2026 from its Bhaskarpara Coal Mine. The company is currently in the process of enhancing its mining plan from 1 Mn MT per annum to 1.2 Mn MT per annum.

Corporate Governance Updates

The board also approved the re-appointment of M/s Rakshit & Associates, Cost Accountants, as the Cost Auditors of the Company for the Financial Year 2026-27. The trading window closure for designated persons will remain in effect until 48 hours after the audited financial results are made public. The auditors, Chaturvedi & Co. LLP, issued a qualified opinion regarding the adjustment of deferred tax liability against the Securities Premium Account pursuant to a court order.