Prospect Consumer Products Limited has adopted its revised Board's Report for the financial year ended March 31, 2026. The Board of Directors approved the document during a meeting held on September 2, 2026, incorporating necessary modifications.

The revised report will form part of the Annual Report circulated to members for the company's fourth Annual General Meeting (AGM). This follows an earlier board meeting on August 27, 2026, where the initial Directors' Report and related annexures were approved.

Capital Structure Update

The authorised share capital will rise from ₹7,50,00,000 divided into 75,00,000 equity shares of ₹10 each to ₹8,50,00,000 divided into 85,00,000 equity shares of ₹10 each. This involves creating an additional 10,00,000 equity shares. The increase is subject to shareholder approval at the ensuing AGM.

AGM Details

The 4th AGM is scheduled for Wednesday, September 30, 2026, at 1:00 pm. It will be held at the company's registered office in Bodakdev, Ahmedabad.

The register of members and share transfer books will remain closed from September 24, 2026, to September 30, 2026. The cut-off date for determining eligibility for remote e-voting and voting at the AGM is Wednesday, September 23, 2026.

Other Approvals

The board re-appointed Mrs. Priyanka Vimal Mishra as a director liable to retire by rotation, subject to member approval. M/s Kadambari Dave & Associates was appointed as the scrutinizer for the remote e-voting and poll process.

Prospect Consumer Products Limited, formerly known as Prospect Commodities Limited, is headquartered in Gujarat. The outcome was disclosed pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Prospect Consumer Products reported an exceptional total income of ₹57.62 crore in FY26, representing a year-on-year growth of 85%. The company’s operating profitability improved, with EBITDA rising 48.34% to ₹6.31 crore, while profit after tax grew 14.76% to ₹2.44 crore. Vimal Mishra, Managing Director, attributed the financial scaling to robust operational execution and the modernization of its manufacturing facility in Changodar, Ahmedabad.

The company successfully increased its total installed capacity to 4,800 metric tons per annum and scaled capacity utilization to the 2,500 to 3,000 metric ton range. By integrating advanced automation systems, Prospect Consumer Products achieved approximately 80% automation, reducing manual processing requirements. Management plans to scale capacity utilization to 3,500 to 4,000 metric tons in the current financial year and targets a CAGR of 40 to 45% over the next three years.

Financial Performance

Strategic Expansion

Prospect Consumer Products is aggressively capitalizing on the premium snacking segment through its DriFrutz brand. The company launched new product categories, including dried berries, seeds, and flavoured cashew variants. To deepen market penetration, it listed on digital B2B procurement platforms like Hyperpure and enhanced brand visibility by sponsoring golf tournaments and corporate events. The management aims for the B2C and D2C segment, including gifting, to contribute 10% of total revenue.

Operational Outlook

The company faces margin pressures due to exchange rate fluctuations and increased marketing spend for the D2C segment. However, it targets EBITDA margins between 12% and 15%. Sourcing remains primarily from African countries, with raw cashew prices rising to ₹170-175 per kg. The company maintains a debt-to-equity ratio target not exceeding 0.6 as it funds working capital requirements for expansion.