Prudent Corporate Advisory Services files BRSR for FY26

2 min read     Updated on 07 Jul 2026, 05:20 AM
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Ashish TScanX News Team
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Prudent Corporate Advisory Services filed its Business Responsibility and Sustainability Report for FY26, disclosing ESG performance across 143 locations in 21 states. The company reported a workforce of 1,431 employees, zero fines for non-compliance, and resolved all shareholder grievances while maintaining comprehensive governance policies.

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Prudent Corporate Advisory Services has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, with the National Stock Exchange of India and BSE Limited. The report outlines the company's adherence to the National Guidelines on Responsible Business Conduct (NGRBC), detailing its environmental, social, and governance (ESG) performance. The disclosures were made on a standalone basis, covering the company's operations across 143 locations in 21 states.

General Disclosures

Prudent Corporate Advisory Services Limited, incorporated in 2003, reported a paid-up capital of ₹2,070.33 Lakhs. The company's primary business activity, accounting for 100% of its turnover, is financial and insurance service brokerage, consultancy, and advisory services. The report confirms that the company is compliant with all applicable environmental laws and regulations relevant to its operations in India. The Corporate Social Responsibility (CSR) Committee of the Board oversees the implementation of the company's business responsibility policies.

Employee Statistics

As of March 31, 2026, the company employed a total of 1,431 individuals, comprising 1,419 permanent employees and 12 employees on other than permanent contracts. The workforce included 1,090 male employees and 341 female employees. The company reported a turnover rate of 14.9% for permanent employees during FY26. Women represented 24% of the total workforce and held 17% of the seats on the Board of Directors. The company spent 0.26% of its total revenue on employee well-being measures during the year.

Environmental Performance

The company reported total energy consumption of 1,660 GJ for FY26, with an energy intensity of 1.26 GJ per Crore of turnover. Water consumption totaled 4,716 kilolitres, resulting in a water intensity of 3.74 KL per Crore of turnover. Total greenhouse gas emissions (Scope 1 and Scope 2) were 305.3 metric tonnes of CO2 equivalent, with an emission intensity of 0.24 MT CO2e per Crore of turnover. The company generated 0.12 metric tonnes of waste, all of which was recovered through recycling operations. As part of its environmental initiatives, the company planted over 12,500 indigenous trees and developed a Miyawaki forest in Ahmedabad.

Stakeholder Grievances

The company maintained a structured grievance redressal mechanism for various stakeholder groups. During FY26, it received 7 complaints from shareholders, all of which were resolved. Customer grievances totaled 18, with 2 pending resolution at the end of the year. No complaints were received from communities, investors (other than shareholders), or employees. The company appointed MUFG Intime India Private Limited as its Registrar and Share Transfer Agent to handle shareholder grievances.

Governance and Policies

Prudent Corporate Advisory Services has implemented a comprehensive policy framework covering all nine NGRBC principles, including the Code of Conduct, Whistle Blower Policy, and Data Privacy Policy. The company reported no fines, penalties, or disciplinary actions for bribery or corruption during the financial year. It confirmed that no instances of data breaches occurred during FY26. The company's digital platforms, such as FundzBazar and Fundzbot, support its paperless operations and customer engagement strategies.

Historical Stock Returns for Prudent Corporate Advisory Services

1 Day5 Days1 Month6 Months1 Year5 Years
+0.78%-0.68%+12.09%+19.29%+10.06%+431.05%

How will Prudent Corporate Advisory Services aim to improve the gender diversity ratio beyond the current 24% female workforce representation?

What specific targets has the company set to reduce Scope 1 and Scope 2 greenhouse gas emissions in the coming years?

Will the company increase its investment in employee well-being measures, given that spending currently stands at 0.26% of total revenue?

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Prudent Corporate Advisory Services approves director appointment via postal ballot

1 min read     Updated on 13 Jun 2026, 05:54 AM
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Prudent Corporate Advisory Services Limited has successfully secured shareholder approval through a postal ballot to appoint Mr. Chirag Ashwinkumar Shah as a Non-Executive, Non-Independent Director and to approve his remuneration for the financial year 2026-27. The resolutions were passed with 99.24% and 94.18% votes in favour respectively, with strong backing from the promoter group.

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Prudent Corporate Advisory Services Limited has secured shareholder approval to appoint Mr. Chirag Ashwinkumar Shah as a Non-Executive, Non-Independent Director. The company also received approval for the payment of his remuneration for the financial year 2026-27. These decisions were ratified through a postal ballot process, with the remote e-voting period concluding on June 11, 2026.

The postal ballot was conducted pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. CS Premnarayan Ramanand Tripathi of M/s. PRT & Associates was appointed as the scrutinizer to oversee the process. The e-voting facility was provided by National Securities Depository Limited (NSDL), remaining open from May 13, 2026, to June 11, 2026.

Voting Results

The scrutinizer's report confirmed that both resolutions were passed with the requisite majority. The first resolution, regarding the appointment of Mr. Shah, was passed as an ordinary resolution. The second resolution, concerning the approval of remuneration, was passed as a special resolution.

Resolution 1: Appointment of Director

Voting Category Number of Members Shares Voted % of Valid Votes
For 218 35,587,927 99.24%
Against 19 272,339 0.76%

Resolution 2: Remuneration Approval

Voting Category Number of Members Shares Voted % of Valid Votes
For 157 33,772,022 94.18%
Against 75 2,088,051 5.82%

Shareholder Participation

The total number of shareholders on the cut-off date of May 8, 2026, was 32,408. The paid-up capital of the company stood at ₹20,70,33,400, divided into 4,14,06,680 equity shares of ₹5 each. Promoters and the promoter group held 22,901,394 shares, voting overwhelmingly in favour of both resolutions with 100% of their votes cast for the proposals.

Public institutions and public non-institutions also participated in the voting. While public institutions showed significant opposition to the remuneration resolution, with 17.37% voting against it, the overall votes were sufficient to pass the special resolution. The detailed voting patterns indicate strong support from the promoter group and a majority of public shareholders.

Historical Stock Returns for Prudent Corporate Advisory Services

1 Day5 Days1 Month6 Months1 Year5 Years
+0.78%-0.68%+12.09%+19.29%+10.06%+431.05%

What strategic expertise will Mr. Chirag Shah bring to the board in his capacity as Non-Executive Director?

How will the company address the concerns raised by public institutions regarding the remuneration package?

What specific governance roles or committee assignments will Mr. Shah undertake upon his appointment?

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