Prevest Denpro shareholders approved all resolutions at its 27th Annual General Meeting on September 17, 2026, with 98.55% support across key ordinary and special resolutions. The scrutinizer report, dated September 19, 2026, confirmed that promoter group members voted unanimously in favor of every agenda item.

The meeting, conducted via Video Conferencing/Other Audio-Visual Means (VC/OAVM), commenced at 12:30 pm and concluded at 2:05 pm. A quorum of 19 members was present to transact the business outlined in the notice dated August 11, 2026. Out of 2,021 total shareholders on the record date, only 19 participated in the voting process via e-voting or VC attendance.

Key Resolutions Passed

Shareholders approved ordinary resolutions to adopt the audited standalone and consolidated financial statements for the year ended March 31, 2026. The board also secured approval for the appointment of M/s A D V & Associates as statutory auditors.

Voting Breakdown by Shareholder Category

The voting data reveals a distinct split between promoter and public shareholder participation. Promoter group holders, representing 88,34,800 shares, cast 100% of their votes in favor of all resolutions. In contrast, public institutional holders did not participate in the voting.

Public non-institutional shareholders held 29,95,400 shares but polled only approximately 4.55% to 4.56% of their votes. Among those who voted from the public segment, roughly 95% voted against the resolutions, while only about 4.7% voted in favor. Despite this dissent from the active public voters, the overwhelming support from the promoter group ensured all resolutions passed with the requisite majority.

Board and Management Changes

The meeting saw the re-appointment of Mrs. Namrata Modi as Whole-Time Director cum CFO and Mr. Sai Kalyan Surapaneni as Executive Director via special resolutions. Mrs. Niharika Modi, who retired by rotation, was re-appointed as a Non-Executive Director.

Three new independent directors were appointed:

• Mr. Piyush Kiranprakash Gupta
• Mr. Abhijeet Sadashiv Haridas
• Mr. Sukhen Pal Babuta

Other Business

Shareholders ratified the remuneration of cost auditors. Additionally, the company sought and received approval for the waiver of recovery of excess managerial remuneration paid to Executive Director Mr. Sai Kalyan Surapaneni for FY25 and FY26. This special resolution passed with 98.53% support, with 1,32,000 votes cast against it by public shareholders.

Mr. Atul Modi, Chairman and Managing Director, thanked stakeholders for their support. The Company Secretary confirmed no material qualifications in the reports of the Statutory or Secretarial Auditors.

Prevest Denpro has confirmed that its 27th Annual General Meeting (AGM) will be held on Thursday, September 17, 2026, at 12:30 pm through Video Conferencing or Other Audio Visual Means (VC/OAVM). In compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has dispatched physical letters to shareholders whose email addresses are not registered with the company, Registrar and Transfer Agent (RTA), or Depository Participants. These letters provide a web link and QR code to access the AGM Notice and the Integrated Annual Report for FY26.

The notice and report are also available on the company’s website and the BSE and NSDL e-voting portals. Shareholders with registered email addresses received the documents electronically under Regulation 36(1)(a). The key dates for the meeting remain unchanged from previous disclosures.

Key AGM Dates

Financial Performance Highlights

For the financial year ended March 31, 2026, Prevest Denpro reported significant top-line and bottom-line growth:

The company maintained a debt-free balance sheet throughout the period. Domestic business grew by 9%, while exports increased by 17.58%, reflecting improved international market penetration. The Board recommended a final dividend of ₹1 per equity share, representing 10% of the face value, subject to shareholder approval.

Key Agenda Items

The AGM notice outlines several ordinary and special business items for consideration:

• Director Appointments:
  • Re-appointment of Mrs. Niharika Modi, who retires by rotation.
  • Re-appointment of Mrs. Namrata Modi as Whole-Time Director and Mr. Sai Kalyan Surapaneni as Executive Director, both for three years effective December 21, 2025.
  • Appointment of three new Independent Directors: Mr. Piyush Kiranprakash Gupta, Mr. Abhijeet Sadashiv Haridas, and Mr. Sukhen Pal Babuta, each for a five-year term.
• Auditor Appointments: Appointment of M/s. A D V & Associates as Statutory Auditors for five years, replacing M/s. Mittal and Associates. The proposed remuneration for FY27 is ₹7.2 lakh plus applicable taxes.
• Remuneration Waiver: Approval for the waiver of recovery of excess managerial remuneration of ₹11.38 lakh paid to Executive Director Mr. Sai Kalyan Surapaneni during FY25 and FY26, which exceeded prescribed limits due to inadequacy of profits in prior periods.

Dividend Payment Process

The record date for determining dividend entitlement is Friday, June 12, 2026. Dividends will be paid electronically within 30 days of declaration. Shareholders holding shares in physical mode must update their bank account details with the Registrar and Transfer Agent, Bigshare Services Pvt. Ltd., to receive dividends via Electronic Clearing Service (ECS).

What the Numbers Show

The divergence between domestic growth (9%) and export growth (17.58%) highlights the company's accelerating international footprint. With exports constituting approximately 59% of total revenue (₹42.23 crore out of ₹71.66 crore), the stronger performance in overseas markets was a primary driver of the overall 13.63% revenue increase. This export-led expansion, combined with disciplined cost management, enabled the company to grow profits at a faster rate than revenue, resulting in an expansion of net profit margins from 28.86% in FY25 to 29.89% in FY26.