Pratik Panels Limited , a company listed on the Bombay Stock Exchange (BSE: 526490), has received requests from its promoters to reclassify their shareholding status. The news comes as part of the company's ongoing corporate governance efforts and compliance with regulatory requirements.

Key Details of the Reclassification Request

• Requesting Parties: Mr. Pankaj Mishra and Mrs. Devyani Mishra
• Current Category: Promoter and Promoter Group
• Requested Category: Public
• Regulatory Framework: Regulation 31A of SEBI (LODR) Regulations, 2015

Promoters' Current Stake

Reasons for Reclassification

The promoters have stated that they:

1. Hold 0% equity share capital and voting rights in the company
2. Do not exercise any control over the company's affairs
3. Are not involved in the day-to-day management of the company

Next Steps

• The reclassification request will be placed before the Board of Directors in its forthcoming meeting
• The Board's approval will be subject to further approval from the Stock Exchanges, as per SEBI regulations

Upcoming Board Meeting

Pratik Panels Limited has also announced a Board Meeting scheduled for November 14, 2025, to discuss the following agenda:

1. Approval of Un-Audited Financial Results for Q2 FY2026 (ended September 30, 2025)
2. Review of the reclassification request from Mr. Pankaj Mishra and Mrs. Devyani Mishra

This move towards reclassification reflects the changing dynamics within the company's ownership structure. It's important to note that such reclassifications are subject to regulatory scrutiny to ensure transparency and protect the interests of all shareholders.

Investors and market participants may be watching for the outcome of the Board meeting and any subsequent decisions regarding the reclassification request.

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.