Pratik panels Limited has successfully concluded its board meeting and approved the quarterly financial results for the third quarter of fiscal year 2026. The board meeting, which was previously scheduled for February 14, 2026, has been completed with the approval of key financial disclosures as mandated by regulatory requirements.

Board Meeting Outcome

The board of directors convened on February 14, 2026, at 6:00 PM and concluded the meeting at 6:30 PM. The meeting was held as per the earlier notification sent to the Bombay Stock Exchange under regulatory compliance requirements.

Financial Results Approval

The board has approved the IND-AS compliant standalone unaudited financial results along with the Limited Review Report for the quarter ended December 31, 2025. This approval was conducted pursuant to Regulation 33 of the SEBI Listing Obligation and Disclosure Requirements, 2015.

The financial results represent the company's performance for the third quarter of fiscal year 2026, covering the period that concluded on December 31, 2025. The approval process ensures full compliance with regulatory standards and disclosure requirements.

Regulatory Communication

The outcome of the board meeting has been formally communicated to the Department of Corporate Service at Bombay Stock Exchange Limited, located at Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai. The communication was made pursuant to Regulation 30 of the SEBI Listing Obligation and Disclosure Requirements Regulations, 2015.

Whole-time Director and CFO Swapnil Sharad Shimpi, bearing DIN 10469352, digitally signed the outcome notice on February 14, 2026, at 19:03:54 hours. The company continues to trade on the exchange under scrip code 526490.

Company Details

Pratik Panels Limited operates under CIN L17100MH1989PLC317374, with its registered office located at 2nd floor, shop no 44, Ecstasy Business Park, Mulund west, Mumbai- 400 080. The company maintains its commitment to regulatory compliance and transparent financial reporting to stakeholders and market participants.

Pratik Panels Limited has announced a comprehensive board restructuring following its board meeting held on January 20, 2026. The meeting, which commenced at 3:00 PM and concluded at 4:00 PM, resulted in significant leadership changes that will reshape the company's management structure.

Board Resignations

The company accepted two key resignations effective January 20, 2026. Mr. Pratik Satish Patil stepped down from his position as Whole-Time Director & CFO, while Mrs. Ashma Dilip Phadnis resigned from her role as Non-Executive Independent Director. Both resignations were attributed to other professional commitments, with both directors confirming that there were no material reasons for their departure beyond those mentioned in their resignation letters.

New Board Appointments

To fill the vacant positions, the board approved two strategic appointments effective January 21, 2026. Mr. Swapnil Shimpi has been appointed as Whole-Time Director & CFO for a three-year term ending January 20, 2029. Additionally, Mrs. Bhumika Nair has been appointed as Additional Non-Executive Independent Director for a five-year term concluding January 20, 2031.

Professional Profiles

The newly appointed directors bring substantial industry experience to Pratik Panels Limited. Mr. Swapnil Shimpi is a Management Graduate from Pune University with 32 years of experience across Textile, Retail & FMCG industries. His expertise includes controlling finance & accounts operations and ensuring compliance with local laws and regulations.

Mrs. Bhumika Nair brings over 10 years of specialized experience in the Healthcare industry, with particular expertise in technical functions including billing, claims, and underwriting in the insurance sector. She has extensive experience serving as claims authority and providing guidance on policy interpretation, legal issues, and significant loss management.

Regulatory Compliance

Both new appointments comply with regulatory requirements under SEBI regulations. The company has confirmed that neither appointee is debarred from holding directorial positions by SEBI or any other authority. Additionally, both directors meet the qualification criteria under Section 164 of the Companies Act, 2013.

The appointments are subject to shareholder approval at the company's upcoming Annual General Meeting, where both directors will be regularized in their respective positions. This board restructuring reflects Pratik Panels Limited's commitment to maintaining strong governance standards while bringing fresh expertise to guide the company's strategic direction.