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.

Pratik Panels Limited has revoked the rights issue that was previously announced on May 7, 2026, due to unavoidable circumstances. The decision was taken by the Rights Issue Committee during its meeting held on July 15, 2026. This move follows a recommendation made by the Board of Directors earlier on the same day. The revocation impacts the capital raising plans that the company had initiated earlier this year.

The Rights Issue Committee convened on July 15, 2026, to deliberate on the matter. The committee decided to withdraw the offer based on the Board's recommendation. The specific reasons were categorized as unavoidable circumstances, though detailed financial or operational justifications were not disclosed in the filing. The Board meeting, which preceded the committee's decision, was held to review the strategic necessity of the proposed issue.

The rights issue was initially approved by the Board on May 7, 2026. The withdrawal means that the proposed issuance of equity shares to existing shareholders will not proceed. Shareholders who had anticipated participating in the issue will no longer be required to take any action regarding the subscription or payment for the shares.

The communication regarding this revocation was addressed to the Department of Corporate Service at the Bombay Stock Exchange Limited. The company requested the exchange to update its records accordingly. The filing was signed by Swapnil Sharad Shimpi, Whole-Time Director of Pratik Panels Limited, on July 15, 2026.