Pratiksha Chemicals Limited has successfully concluded its Board of Directors meeting held on April 6, 2026, with the approval of significant alterations to the company's Main Objects Clause of the Memorandum of Association. The meeting, which commenced at 04:00 p.m. and concluded at 04:30 p.m., marked a crucial step in the company's strategic business expansion plans.

Board Meeting Outcome and Approval

The board has formally approved the addition of new business objects, subject to member approval, expanding the company's operational scope significantly. The outcome was communicated to BSE Limited through an official notification signed by Sumit Harjibhai Gol, Managing Director (DIN: 11367027).

Approved Business Expansion Areas

The board has approved the addition of two new sub-clauses (12 and 13) to the existing eleven sub-clauses in the Main Objects Clause, representing a strategic diversification into agricultural and allied business activities.

Agri-Inputs Manufacturing and Trading

The first approved sub-clause encompasses comprehensive agri-input operations, positioning the company as a manufacturer, importer, exporter, wholesaler, retailer, and dealer in:

• Fertilizers and micronutrients
• Pesticides and insecticides
• Veterinary and livestock feeds and feed supplements
• Fish feeds and supplements

Agricultural Equipment and Direct Farming Operations

The second approved sub-clause covers equipment trading and direct agricultural activities:

Next Steps and Member Approval Process

While the board has approved these alterations, the changes are subject to member approval as required under corporate governance regulations. The company will need to convene a shareholders' meeting to seek formal approval from members before implementing these business object changes.

The approved alterations will expand Pratiksha Chemicals Limited's business scope from its current operations to include comprehensive agricultural value chain activities, potentially positioning the company as an integrated agricultural solutions provider in the Indian market.

Pratiksha Chemicals Limited has withdrawn its proposed fully convertible warrants and preferential equity share issue, citing withdrawal of consent by some investors. The Board of Directors made this decision on February 24, 2026, reversing their earlier approval from January 21, 2026.

Withdrawal Details

The company has cancelled the following proposals that were originally approved in the Board meeting held on January 21, 2026:

The withdrawal was necessitated due to some proposed investors withdrawing their consent to subscribe to the issue, prompting the Board to reconsider the entire proposal during their meeting on February 24, 2026.

Subsidiary Acquisition Plans Shelved

Alongside the share issue withdrawal, the Board has also decided not to proceed with acquiring control over two companies that were planned to become subsidiaries:

• Rudra Professional Services Private Limited
• Right Debt Management Services Private Limited

These acquisition plans were part of the company's expansion strategy but have been put on hold in light of the current circumstances.

Company Assurance

Despite the withdrawal of these significant corporate proposals, Pratiksha Chemicals has assured stakeholders that this decision will not adversely affect the company's financial stability, operations, or growth prospects. The company emphasized its commitment to maintaining transparency with all stakeholders regarding this development.

Meeting Timeline

The Board meeting where the withdrawal decision was finalized commenced at 5:00 PM and concluded at 5:20 PM on February 24, 2026. The company has informed BSE Limited about this development under Regulation 30 of SEBI LODR Regulations, ensuring compliance with disclosure requirements.