Prashant India Limited has scheduled its 43rd Annual General Meeting (AGM) for September 26, 2026. The meeting will be conducted via Video Conference or Other Audio Visual Means (OAVM), starting at 12:30 pm.

The board previously approved the Director's Report for FY26 and appointed Shyamanlbhai J Mashruwala as an Additional Director in the category of Non-Executive Non-Independent Director, effective August 29, 2026. His tenure continues until the ensuing general meeting for final approval by members. Additionally, the meeting agenda includes the reappointment of Prabhudas Mohanbhai Gondalia as a director retiring by rotation.

AGM Schedule and E-Voting Details

Shareholders can exercise their voting rights on resolutions proposed for the 43rd AGM through electronic means using the services of National Securities Depository Limited (NSDL). The e-voting facility is available from September 22 to September 25, 2026.

Key dates for shareholders are as follows:

The company issued this intimation on September 3, 2026, in compliance with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Amendment Rules, 2015, and Regulation 44 of the Listing Regulations.

Director Profiles

Mr. Shyamanlbhai J Mashruwala holds a B.Com degree and possesses experience in accounting and finance. The company stated that his expertise will contribute to the effective management and functioning of the business. There are no disclosed relationships between him and existing directors.

Mr. Prabhudas Mohanbhai Gondalia, the Chairman and Managing Director, has been leading the company since October 10, 2001. He holds an F.Y. BSC qualification and has more than 60 years of industry experience. He holds 1,69,524 equity shares of ₹10 each as on March 31, 2026.

Board Meeting Details

The board meeting where these approvals were made commenced at 4:00 pm and concluded at 5:30 pm at the company's registered office. Swati Joshi, Company Secretary & Compliance Officer, signed the intimation.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE100E01012/5c46f135-3e21-444a-879b-f5a832b57adf.pdf

Prashant India Limited reported a significant improvement in profitability for the first quarter of fiscal year 2026, with net profit after tax rising 63% year-on-year to ₹121.43 million. The Surat-based company also saw its total income from operations surge by 61% to ₹138.02 million, compared to ₹85.80 million in Q1FY25.

The Board of Directors approved the unaudited standalone financial results at a meeting held on August 14, 2026. The results have been filed with the stock exchanges in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

Revenue growth was accompanied by an expansion in operating margins. The company’s net profit before tax stood at ₹154.50 million for the quarter, up from ₹94.01 million in the same period last year. This indicates improved operational efficiency as revenue scaled.

For the full fiscal year ended March 31, 2026, Prashant India reported a net profit after tax of ₹349.45 million on total income of ₹737.07 million.

What the Numbers Show

A key analytical observation from the filing is the divergence between pre-tax and post-tax profit figures. While net profit before tax was ₹154.50 million, the final net profit after tax was ₹121.43 million. This suggests a substantial tax provision or other adjustments were applied in the current quarter, contrasting with the previous year where the gap between pre-tax (₹94.01 million) and post-tax (₹60.63 million) profits was proportionally different. Investors should note that earnings per share (EPS) for the quarter stood at ₹1.75, compared to ₹0.88 in Q1FY25.

Balance Sheet Highlights

As of the end of the previous fiscal year, the company’s equity share capital remained unchanged at ₹693.10 million. Reserves and surplus, excluding revaluation reserves, stood at ₹2,471.91 million as per the audited balance sheet of the previous year. The total comprehensive income for the quarter ended June 30, 2026, was recorded at ₹271.35 million.