Pratik Panels board of directors approved the annual report for FY26 and scheduled its 37th annual general meeting for September 29, 2026.

The meeting will be held at 3:30 pm through video conferencing or other audio-visual means. The company also appointed Mr. Hemant Shetye as the primary scrutinizer for the e-voting process.

Key Decisions

The board meeting held on September 3, 2026, concluded with several administrative approvals:

• Approved the directors' report and related annexures for the financial year ended March 31, 2026.
• Set the closure period for the register of members and share transfer books from September 23, 2026, to September 29, 2026.
• Appointed National Securities Depository Limited (NSDL) to facilitate the e-voting process.

Voting and Scrutiny

Mr. Hemant Shetye, a practicing company secretary, was appointed as the scrutinizer to ensure fair and transparent e-voting. Mr. Kunal Sakpal was named as the alternate scrutinizer. The cut-off date for recording shareholder entitlements for electronic voting was also finalized.

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.