Prime Property Development Corporation Limited held its 34th Annual General Meeting (AGM) on September 30, 2026, through Video Conferencing or Other Audio Visual Means (VC/OAVM). The meeting commenced at 12:30 pm and concluded at 1:00 pm, with 24 members participating virtually.

The primary objective of the gathering was to transact ordinary and special business as outlined in the notice dated August 14, 2026. Padamshi L. Soni, Chairman of the company, presided over the session after the requisite quorum was confirmed by Company Secretary Neelam Maheshwari.

Ordinary business resolutions

Members were asked to consider and adopt the audited standalone and consolidated financial statements for the financial year ended March 31, 2026 (FY26). This included the reports of the Board of Directors and the Auditors for the same period.

Additionally, the shareholders voted on the appointment of a director in place of Manish P. Soni, who retired by rotation and offered himself for re-appointment.

Special business matters

Three specific special resolutions were placed before the members for approval:

1. Regularization of Nandkumar Anant Chaugule as an Independent Director.
2. Re-appointment of Manish P. Soni as Whole Time Director.
3. Re-appointment of Vishal P. Soni as Whole Time Director.

Governance and attendance details

The meeting was attended by key managerial personnel and directors, including Chief Executive Officer Kumar Vora and Chief Financial Officer Amit Bhansali. Suhas Ganpule, Proprietor of SG & Associates, served as the scrutinizer to oversee the voting process.

Voting results were conducted via remote e-voting, with a facility available for members present on the call for 15 minutes. The scrutinizer was tasked with submitting a consolidated report on votes cast within 48 hours of the meeting's conclusion, which would subsequently be declared to the stock exchanges and published on the company website.

Prime Property Development Corporation has scheduled its 34th Annual General Meeting for September 30, 2026, via Video Conferencing or Other Audio Visual Means (VC/OAVM). The meeting will address key board appointments and the adoption of financial statements for FY26, during which the company reported a standalone profit of ₹351.5 lakh.

The Board of Directors approved these dates during its meeting held on August 14, 2026. The notice was signed by Chairman P. L. Soni and issued to the Bombay Stock Exchange on September 5, 2026. A subsequent communication dated September 2, 2026, provided web-links to access the Integrated Annual Report and AGM notice.

Key Agenda Items

The AGM will transact both ordinary and special business. Shareholders will vote on the re-appointment of two Whole Time Directors and the regularization of an Independent Director.

• Re-appointment of Whole Time Directors: Mr. Manish P. Soni and Mr. Vishal P. Soni are up for re-appointment as Whole Time Directors for a five-year term from August 1, 2026, to July 31, 2031. Their proposed remuneration is ₹3,00,000 per month for three years (August 1, 2026, to July 31, 2029), plus bonus as per company policy.
• Regularization of Independent Director: The company seeks approval to regularize Mr. Nandkumar Anant Chaugule as a Non-Executive Independent Director. He was appointed as an Additional Director on July 25, 2026. The proposed term is five years, from July 25, 2026, to July 24, 2031.
• Financial Statements: Shareholders will receive, consider, and adopt the audited financial statements and consolidated financial statements for the financial year ended March 31, 2026.

Financial Performance

The explanatory statement notes that the company did not book any sales from business operations in FY26 due to adverse demand for commercial real estate. Standalone earnings of ₹699.9 lakh represented other income.

On a consolidated basis, including the subsidiary Sea-King Club Private Limited, revenue from operations stood at ₹7,542.0 lakh, a significant increase from ₹780.9 lakh in the previous year. Consolidated profit after tax rose to ₹2,471.6 lakh from ₹269.4 lakh in FY25.

Meeting Schedule & Annual Report Access

The company will conduct e-voting for shareholders who are not present at the virtual meeting. The voting window opens on September 26, 2026, and closes on September 29, 2026.

Shareholders holding equity shares as of the record date (September 23, 2026) will be eligible to participate. The Register of Members and Share Transfer Books will remain closed from September 24 to September 30, 2026.

Members can access the soft copy of the Annual Report for FY26 and the AGM notice via the company website at www.ppdecl.com or the BSE website. Physical copies may be requested by writing to the compliance officer.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE233C01023/2e9cb75b-d114-43e4-8ec9-fddb0b7881f1.pdf