Prashant India Ltd, a textile and wind farm company, has reported a significant net profit of Rs 1003.19 lacs for the second quarter. This profit was primarily driven by exceptional items worth Rs 1020.39 lacs, while the company's operational activities showed a loss of Rs 17.20 lacs.

Financial Highlights

Segment-wise Performance

The company operates in two segments: Textile and Wind Farm. For the current quarter:

• Textile segment reported a profit of Rs 1014.46 lacs
• Wind Farm segment reported a profit of Rs 2.08 lacs

Balance Sheet Overview

As of the end of the current quarter:

• Total Assets: Rs 2515.83 lacs
• Total Equity and Liabilities: Rs 2515.83 lacs
• Equity Share Capital: Rs 423.54 lacs

Key Observations

1. The company's operational performance shows a loss, but the exceptional item has significantly boosted the bottom line.
2. There's a notable decrease in net sales compared to the same quarter last year.
3. The company has not made provisions for interest on borrowings from strategic investors since the financial year 2000-2001.
4. No tax provisions have been made due to unabsorbed depreciation and carried forward losses under Tax Laws.

Disclosure Update

Prashant India Ltd also issued a revised disclosure, correcting only the registered office address in previously submitted quarterly results. The company confirmed that there were no changes to the financial figures or any other disclosures in the results.

The full financial results are available on the company's website at www.prashantindia.info and www.bseindia.com .

Prashant India Ltd , a Gujarat-based company, has issued a postal ballot notice seeking shareholder approval for three significant changes to its operations. The company is proposing to shift its registered office, lease out a property, and alter its Memorandum of Association to include property leasing as a main business objective.

Registered Office Relocation

The first resolution proposes to move the company's registered office from Palsana to Surat City within Gujarat. This shift is necessitated by the sale of the current premises, which the company must now vacate. The new proposed location is at the 4th Floor, Office-407, Union Trade Centre, Udhana Darwaja, Surat. This move aims to improve administrative convenience, infrastructure, and accessibility while remaining within the jurisdiction of the same Registrar of Companies in Ahmedabad.

Property Leasing Initiative

In the second resolution, Prashant India Ltd is seeking approval to lease or rent out its immovable property situated in Dhank, Rajkot. This strategic decision follows the company's earlier divestment of its Textile Division and Wind Power Division assets. With no major income source currently, the company aims to generate a steady stream of revenue with minimal operating expenses through this leasing arrangement.

Alteration of Memorandum of Association

The third resolution proposes to alter the company's Memorandum of Association by inserting a new main object clause. This amendment would formally allow the company to lease, rent out, or otherwise provide its land, buildings, industrial premises, and other properties to various entities. This change aligns with the company's strategy to derive value from its existing resources.

E-Voting Details

Shareholders can cast their votes through remote e-voting, which will commence on September 15, 2025, at 9:00 a.m. (IST) and conclude on October 14, 2025, at 5:00 p.m. (IST). The results of the postal ballot will be declared on or before October 16, 2025.

The Board of Directors has appointed Mr. Jitendra Ramanlal Bhagat, a Practicing Company Secretary, as the scrutinizer for the postal ballot process. The National Securities Depository Limited (NSDL) will provide the e-voting facility.

These proposed changes reflect Prashant India Ltd's efforts to adapt to its current financial situation and optimize its asset utilization. Shareholders are encouraged to participate in the voting process to determine the future direction of the company.