Prashant India Ltd , a company listed on the Bombay Stock Exchange (BSE: 519014), has announced significant corporate changes following a board meeting held on September 8, 2025. The company's Board of Directors has approved several key resolutions that will reshape its operational landscape, subject to shareholder approval through a postal ballot process.

Key Resolutions Approved

Relocation of Registered Office

The board has given the green light to relocate the company's registered office from Palsana to Surat City. This move, which involves shifting outside the local limits of the existing location, aims to position the company more strategically within Gujarat's bustling business hub.

Property Leasing in Rajkot

In a move that could expand the company's operational footprint, the board has approved the leasing of a property situated in Dhank, Rajkot.

Alteration of Memorandum of Association

The board has also approved alterations to the object clause in the company's Memorandum of Association. While specific details of the changes were not disclosed, such amendments typically indicate a shift or expansion in the company's business objectives.

Postal Ballot Process Initiated

To seek shareholder approval for these significant changes, Prashant India Ltd has initiated a postal ballot process. The board has authorized the conduct of this process and has appointed Mr. Jitendra Ramanlal Bhagat, a Practicing Company Secretary (M.No. F1311, CP 3032) and Proprietor of M/s Bhagat Associates, as the scrutinizer for the e-voting process.

Key Dates for Shareholders

The company has released a calendar of events for the postal ballot process:

In line with various General Circulars issued by the Ministry of Corporate Affairs, the voting process will be conducted entirely through remote e-voting, with no physical ballot forms to be dispatched.

Board Meeting Details

The board meeting where these decisions were made commenced at 2:00 PM and concluded at 5:30 PM on September 8, 2025. The company has duly informed the BSE of these developments as part of its regulatory obligations.

Shareholders and investors of Prashant India Ltd should keep an eye out for the detailed postal ballot notice, which the company has committed to submitting in due course.

Prashant India Limited announced a significant legal development concerning the company. The National Company Law Tribunal (NCLT), Ahmedabad Bench, has dismissed both a waiver application and a connected main petition filed against the company.

Key Details of the NCLT Order

• The NCLT Ahmedabad Bench pronounced its order on August 25, 2025.
• The case numbers involved were CP/47(AHM) 2025 and CP/49(AHM) 2025.
• The waiver application was filed by Procon Financial & Investment Pvt. Ltd. under Section 244(1) of the Companies Act, 2013.
• The connected main petition was filed under Sections 241 and 242 of the Companies Act, 2013.
• Both the waiver application and the main petition were dismissed by the tribunal.

Company's Disclosure

Prashant India Limited, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informed BSE Limited about this development. The company had previously made a submission regarding this matter on July 10, 2025.

About Prashant India Limited

Prashant India Limited, with the Corporate Identification Number (CIN) L15142GJ1983PLC006574, is a company registered in Gujarat, India. The company's registered office is located at Block 456, Palsana Char Rasta, N. H. 8, Palsana - 394 315, Dist. Surat, Gujarat.

This legal outcome may have implications for the company's operations and stakeholder relationships. Investors and market participants are advised to consider this information in their assessment of Prashant India Limited.

As always, stakeholders should conduct their own due diligence and consult financial advisors before making investment decisions based on this news.