Pratik Panels Limited held its 37th Annual General Meeting on September 29, 2026, where members adopted the audited financial statements for the fiscal year ended March 31, 2026.

The meeting, conducted via Video Conferencing, saw the approval of key board appointments, including the regularization of Jileshkumar Lagdhirbhai Desai as an Executive Director and his subsequent appointment as Whole-Time Director for a three-year term.

Meeting proceedings and attendance

The AGM commenced at 3:35 pm and concluded at 3:50 pm. A total of 35 members attended the virtual meeting, satisfying the requisite quorum. Mr. Krishna Samrut, Independent Director, chaired the session, while Mr. Tejas More, another Independent Director, welcomed the attendees and outlined the voting procedures.

The Board of Directors present included:

Statutory auditor M/s. H L Saini & Co and Secretarial Auditor Hemant Shetye of HSPN & Associates LLP were also present to oversee compliance.

Resolutions passed

Members voted on four key resolutions regarding financial adoption and directorial appointments. The e-voting facility was open from September 26 to September 28, 2026, with additional voting allowed during the meeting for those not having cast remote votes.

All resolutions were deemed passed on the date of the meeting, September 29, 2026.

Pratik Panels reported a net profit of ₹169.00 lakh for the financial year ended March 31, 2026, a significant increase from ₹25.59 lakh in the previous year. The company scheduled its 37th annual general meeting for September 29, 2026.

Total income rose to ₹1,150.26 lakh from ₹334.11 lakh in FY25. This growth was driven by revenue from operations, which reached ₹1,078.86 lakh, compared to ₹305.60 lakh in the prior period. Other income contributed ₹71.40 lakh, primarily from interest income on loans and advances.

Financial Performance

The company's profit before tax stood at ₹235.54 lakh, up from ₹25.59 lakh in FY25. After accounting for income tax provisions of ₹66.54 lakh, the net profit after tax was ₹169.00 lakh. Earnings per share increased to ₹0.26 from ₹0.04 in the previous year.

Balance Sheet Highlights

As of March 31, 2026, total assets grew to ₹1,256.44 lakh from ₹656.47 lakh in the previous year. Current assets included inventory of ₹162.47 lakh and trade receivables of ₹73.23 lakh. Loans and advances stood at ₹814.79 lakh. Equity share capital remained unchanged at ₹638.99 lakh, while other equity improved to ₹154.57 lakh from a deficit of ₹14.43 lakh.

Board and Governance Updates

The board approved the annual report and directors' report for FY26. Key governance updates include:

• Appointment of Mr. Jileshkumar Lagdhirbhai Desai as Whole-Time Director and CFO, effective August 14, 2026, subject to shareholder approval at the AGM.
• Appointment of Mrs. Bhumika Kirankumar Nair as an Independent Director for a five-year term starting January 21, 2026.
• Closure of the register of members and share transfer books from September 23, 2026, to September 29, 2026.

Mr. Hemant Shetye was appointed as the primary scrutinizer for the e-voting process, with Mr. Kunal Sakpal named as the alternate scrutinizer. National Securities Depository Limited (NSDL) will facilitate the e-voting process.