Pratik Panels Limited (PPL) has announced significant changes in its leadership and key corporate decisions following a board meeting held on September 5, 2025. The company, listed on the Bombay Stock Exchange, has made several important announcements that are likely to shape its future direction.

Leadership Transition

In a notable change at the executive level, PPL has appointed Mr. Pratik Satish Patil as the new Whole-Time Director and Chief Financial Officer (CFO). Mr. Patil's appointment, effective September 5, 2025, is for a term of three years, subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Mr. Patil brings six years of work experience to his new role, with extensive knowledge in finance and valuable exposure in commercial and financial areas. His appointment comes in the wake of Mr. Kiran Madhukar Devhare's resignation from the same position, citing personal commitments. Mr. Devhare's tenure concluded on September 4, 2025.

36th Annual General Meeting

The board has scheduled the 36th AGM for September 30, 2025, at 3:00 PM IST. The meeting will be conducted via video conferencing (VC) or other audio-visual means (OAVM). This virtual format ensures shareholder participation while adhering to potential social distancing norms.

Key dates related to the AGM include:

• Cut-off date for e-voting eligibility: September 23, 2025
• Financial year under review: Ended March 31, 2025

Corporate Governance and Compliance

PPL has taken several steps to ensure robust corporate governance:

1. Appointment of Secretarial Auditors: M/s HSPN & Associates LLP, Company Secretaries, have been appointed as the Secretarial Auditors for a five-year term from FY 2025-2026 to FY 2029-2030.

2. E-voting Process: The company has engaged National Securities Depository Limited (NSDL) to facilitate the e-voting process for the AGM.

3. Scrutinizer Appointment: Mr. Kunal Sakpal, a Practicing Company Secretary, has been appointed as the scrutinizer for the e-voting process, with Mr. Hemant Shetye as the backup.

Proposed Office Relocation

PPL has proposed shifting its registered office from Thane to Mumbai. The new address, pending shareholder approval, will be at the 2nd floor, shop no 44, Ecstasy Business Park, Mulund West, Mumbai- 400 080.

Financial Reporting

The board has approved the Directors' Report along with related annexures for the financial year 2024-2025. Additionally, the 36th Annual Report, which includes the notice for the AGM, has been given the green light.

These developments at Pratik Panels Limited signify a period of transition and strategic realignment. Shareholders and market watchers will be keenly observing how these changes, particularly the new leadership under Mr. Pratik Satish Patil, will influence the company's future trajectory and performance.

Pratik Panels Limited , a company operating in the textiles segment, has announced its financial results for the quarter ended June 30, 2025, showcasing significant growth in both revenue and profitability.

Financial Highlights

• Profit Surge: The company reported a profit of Rs 24.36 lakhs for the quarter, marking a substantial 74% increase from Rs 13.98 lakhs in the previous quarter.
• Revenue Growth: Revenue from operations witnessed a remarkable surge, reaching Rs 171.60 lakhs compared to Rs 36.15 lakhs in the previous quarter, representing a 374% increase.
• Total Revenue: Including other income, the total revenue stood at Rs 189.37 lakhs, up from Rs 58.36 lakhs in the prior quarter, showing a 224% growth.
• Earnings Per Share: Basic and diluted earnings per share (EPS) improved to Rs 0.04, reflecting the company's enhanced profitability.

Quarterly Performance Breakdown

Key Observations

• The company's revenue from operations has shown exceptional growth, increasing by 374% quarter-on-quarter.
• Despite a significant rise in expenses, Pratik Panels managed to improve its profitability, with net profit growing by 74%.
• The company maintained its paid-up capital at Rs 638.99 lakhs, with a face value of Rs 1 per equity share.

Management Commentary

The Board of Directors of Pratik Panels Limited approved these standalone unaudited financial results in a meeting held on August 13, 2025. The meeting, which commenced at 3:00 p.m. and concluded at 4:00 p.m., also included a review by the Audit Committee.

Kiran Madhukar Devhare, Whole-Time Director of Pratik Panels Limited, signed off on the financial results, emphasizing the company's strong performance in the textiles segment.

About Pratik Panels Limited

Pratik Panels Limited operates in the textiles segment and is listed on the Bombay Stock Exchange. The company's registered office is located in Bhiwandi, Thane.