Prabhat Technologies (India) Limited has officially rescheduled its board meeting from February 16, 2026 to February 18, 2026, citing unavoidable reasons for the postponement. The meeting was originally scheduled to discuss the company's unaudited financial results for the quarter and nine months ended December 31, 2025.

Meeting Rescheduling Details

The company communicated the change to BSE Limited through an official intimation letter dated February 16, 2026. Chief Financial Officer Parag Malde signed the notification, which referenced earlier communications from February 09, 2026 and February 14, 2026.

Trading Window Closure

Prabhat Technologies has reiterated that the trading window for dealing in company shares remains closed in accordance with regulatory requirements. The closure, initially disclosed on December 30, 2025, will continue until 48 hours after the announcement of the unaudited financial results.

This measure aligns with the provisions of SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's internal Code of Conduct for Prevention of Insider Trading. The trading window restriction ensures compliance with insider trading prevention norms during the period leading up to and immediately following the financial results announcement.

Company Information

Prabhat Technologies (India) Limited operates under BSE Scrip Code 540027 and holds Corporate Identification Number L72100MH2007PLC169551. The company maintains its regulatory communications through proper channels, ensuring stakeholders receive timely updates about significant corporate developments and schedule changes.

Prabhat Technologies (India) Limited has released its unaudited financial results for the quarter ended June 30, 2025, revealing substantial losses amid its ongoing Corporate Insolvency Resolution Process (CIRP). The company, which operates under the supervision of a Resolution Professional due to insolvency proceedings initiated in October 2019, reported significant deterioration in its financial performance compared to the previous year.

Financial Performance Overview

The company's consolidated financial results show a dramatic shift from profitability to substantial losses. The consolidated net loss reached ₹1,174.94 lakhs for Q1FY26, a stark contrast to the net profit of ₹29.63 lakhs recorded in Q1FY25. On a standalone basis, the company reported a net loss of ₹1,172.19 lakhs compared to a loss of ₹5.83 lakhs in the corresponding quarter of the previous year.

Revenue and Operational Challenges

The company experienced a severe decline in operational revenue, with revenue from operations dropping to just ₹0.02 lakhs in Q1FY26 from ₹37.50 lakhs in Q1FY25 on a consolidated basis. This represents a near-complete cessation of operational activities. Other income provided some support, increasing to ₹37.59 lakhs from ₹23.76 lakhs year-over-year, helping to maintain total revenue at ₹37.61 lakhs despite the operational challenges.

Exceptional Items and Tax Impact

A significant factor contributing to the massive loss was exceptional items amounting to ₹1,564.13 lakhs in Q1FY26, compared to nil in the previous year. The company also recorded a deferred tax expense of ₹403.85 lakhs, further impacting the bottom line. These exceptional items appear to be related to the ongoing insolvency resolution process and associated financial restructuring.

Corporate Insolvency Resolution Process Status

Prabhat Technologies continues to operate under CIRP, with Mr. Rajendra Karanmal Bhuta serving as the Resolution Professional. The insolvency proceedings were initiated following a petition filed by Paramount Consultant & Corporate Advisors Private Limited in October 2019. The Committee of Creditors had approved a resolution plan with 98.15% votes in October 2020, but the process has faced complications.

The National Company Law Tribunal (NCLT) had initially ordered liquidation in January 2024, but the National Company Law Appellate Tribunal (NCLAT) stayed the liquidation proceedings and remanded the matter back to NCLT for fresh consideration in May 2025. The matter remains pending with the NCLT.

Claims and Liabilities Structure

Under the approved resolution plan, the company has structured its liabilities as follows:

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by Harish Arora & Associates, Chartered Accountants. The auditors issued a qualified conclusion regarding the recognition of non-sustainable debt pursuant to CIRP, noting that such transactions require NCLT approval. The results were approved by the Resolution Professional on February 13, 2026, and subsequently filed with the stock exchanges.