Pratik Panels Limited , a company listed on the Bombay Stock Exchange (BSE: 526490), has announced significant corporate actions and financial updates following its board meeting held on November 14, 2025.

Promoter Reclassification

The Board of Directors has approved the reclassification of two promoters, Mr. Pankaj Mishra and Mrs. Devyani Mishra, from the 'Promoter and Promoter Group' category to the 'Public' category. This decision comes in response to a request letter received from the promoters on November 10, 2025.

Key points regarding the reclassification:

• Both Mr. Pankaj Mishra and Mrs. Devyani Mishra currently hold no shares in the company.
• The promoters have confirmed they have no direct or indirect control over the company's affairs or decision-making processes.
• They do not hold any positions as Directors or Key Managerial Personnel (KMP) in the company.
• The reclassification is subject to approval from BSE Limited and other regulatory authorities as required.

Financial Results Approval

The Board has also approved the following financial documents for the quarter and half-year ended September 30, 2025:

1. IND-AS compliant Standalone Un-Audited Financial Results along with Limited Review Report
2. IND-AS compliant Standalone Statement of Assets and Liabilities
3. Cash Flow Statement

These financial results have been prepared in accordance with Regulation 33 of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.

Board Meeting Details

• Date of Board Meeting: November 14, 2025
• Time: Commenced at 6:00 PM and concluded at 7:00 PM
• Venue: 2nd floor, shop no 44, Ecstasy Business Park, Mulund West, Mumbai- 400 080

The company has stated that these decisions are in compliance with various SEBI regulations, including Regulation 30 and Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investors and stakeholders are advised to take note of these developments, which may have implications for the company's shareholding structure and financial reporting. The reclassification of promoters signals a shift in the ownership structure of Pratik Panels Limited, although the practical impact may be limited given the promoters' current zero shareholding in the company.

Pratik Panels Limited , a company listed on the Bombay Stock Exchange (BSE: 526490), has received requests from its promoters to reclassify their shareholding status. The news comes as part of the company's ongoing corporate governance efforts and compliance with regulatory requirements.

Key Details of the Reclassification Request

• Requesting Parties: Mr. Pankaj Mishra and Mrs. Devyani Mishra
• Current Category: Promoter and Promoter Group
• Requested Category: Public
• Regulatory Framework: Regulation 31A of SEBI (LODR) Regulations, 2015

Promoters' Current Stake

Reasons for Reclassification

The promoters have stated that they:

1. Hold 0% equity share capital and voting rights in the company
2. Do not exercise any control over the company's affairs
3. Are not involved in the day-to-day management of the company

Next Steps

• The reclassification request will be placed before the Board of Directors in its forthcoming meeting
• The Board's approval will be subject to further approval from the Stock Exchanges, as per SEBI regulations

Upcoming Board Meeting

Pratik Panels Limited has also announced a Board Meeting scheduled for November 14, 2025, to discuss the following agenda:

1. Approval of Un-Audited Financial Results for Q2 FY2026 (ended September 30, 2025)
2. Review of the reclassification request from Mr. Pankaj Mishra and Mrs. Devyani Mishra

This move towards reclassification reflects the changing dynamics within the company's ownership structure. It's important to note that such reclassifications are subject to regulatory scrutiny to ensure transparency and protect the interests of all shareholders.

Investors and market participants may be watching for the outcome of the Board meeting and any subsequent decisions regarding the reclassification request.