Pratik Panels Limited will convene a board meeting on May 28, 2026, to approve the audited financial results for the quarter and year ended March 31, 2026. The meeting will be held at the company's registered office to consider the financial performance under the Indian Accounting Standards (IND-AS).

The agenda includes the approval of the audited financial results along with the auditor's report for the specified period. Additionally, the board will review the IND-AS compliant statement of assets and liabilities and the cash flow statement for the financial year ended March 31, 2026.

The regulatory filing was submitted to BSE Limited pursuant to Regulation 29 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The approved results will be communicated to the stock exchange upon the conclusion of the board meeting.

Swapnil Sharad Shimpi, Whole-time Director, signed the intimation dated May 25, 2026. The meeting will also address any other business with the permission of the chair.

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).