Pratik Panels Limited has announced the outcome of its Board of Directors meeting held on May 7, 2026, at the company's registered office located at 2nd Floor, Shop No. 44, Ecstasy Business Park, Mulund West, Mumbai, Maharashtra. The board approved raising funds of up to INR 40,25,00,000 (Rupees Forty Crores Twenty-Five Lakhs only) through the issuance of equity shares via a rights issue to eligible equity shareholders as on a record date to be notified subsequently. The decision was made in accordance with applicable laws, including the Companies Act, 2013, the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and SEBI Listing Regulations.

Key Approvals

During the meeting, the board approved the Draft Letter of Offer (DLOF) dated May 7, 2026, for submission to the stock exchanges. The DLOF will be submitted to BSE Limited to seek in-principal approval for the rights issue. Additionally, the board constituted a Rights Issue Committee to decide on the terms and conditions of the issue, including the record date, rights entitlement ratio, issue price, and timing of payment. The board also approved the appointment of the required intermediaries, agencies, and bankers to facilitate the process.

Rights Issue Details

The company plans to issue equity shares of face value INR 1 each to eligible shareholders as on a record date, which will be notified subsequently. The specific entitlement ratio will be determined by the board or the Rights Issue Committee after obtaining the necessary in-principal approval from BSE. The following table summarises the key details of the proposed rights issue:

The detailed terms of the rights issue, including the procedure for applying, will be specified in the letter of offer, which will be sent to eligible shareholders holding equity shares as on the record date.

Trading Window Closure

As per the company's Policy on "Prohibition of Insider Trading", the Trading Window for designated persons and their immediate relatives remains closed from April 1, 2026, until 48 hours after the declaration of the Audited Financial Results for the quarter and year ending March 31, 2026. The board meeting commenced at 4:30 P.M. and concluded at 6:00 P.M. The filing was signed by Swapnil Sharad Shimpi, Whole-Time Director (DIN: 10469352).

Pratik panels Limited has successfully concluded its board meeting and approved the quarterly financial results for the third quarter of fiscal year 2026. The board meeting, which was previously scheduled for February 14, 2026, has been completed with the approval of key financial disclosures as mandated by regulatory requirements.

Board Meeting Outcome

The board of directors convened on February 14, 2026, at 6:00 PM and concluded the meeting at 6:30 PM. The meeting was held as per the earlier notification sent to the Bombay Stock Exchange under regulatory compliance requirements.

Financial Results Approval

The board has approved the IND-AS compliant standalone unaudited financial results along with the Limited Review Report for the quarter ended December 31, 2025. This approval was conducted pursuant to Regulation 33 of the SEBI Listing Obligation and Disclosure Requirements, 2015.

The financial results represent the company's performance for the third quarter of fiscal year 2026, covering the period that concluded on December 31, 2025. The approval process ensures full compliance with regulatory standards and disclosure requirements.

Regulatory Communication

The outcome of the board meeting has been formally communicated to the Department of Corporate Service at Bombay Stock Exchange Limited, located at Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai. The communication was made pursuant to Regulation 30 of the SEBI Listing Obligation and Disclosure Requirements Regulations, 2015.

Whole-time Director and CFO Swapnil Sharad Shimpi, bearing DIN 10469352, digitally signed the outcome notice on February 14, 2026, at 19:03:54 hours. The company continues to trade on the exchange under scrip code 526490.

Company Details

Pratik Panels Limited operates under CIN L17100MH1989PLC317374, with its registered office located at 2nd floor, shop no 44, Ecstasy Business Park, Mulund west, Mumbai- 400 080. The company maintains its commitment to regulatory compliance and transparent financial reporting to stakeholders and market participants.