Pratiksha Chemicals Limited announced significant board and corporate changes following its board meeting held on December 26, 2025. The company made key appointments to strengthen its leadership team and approved strategic business diversification plans.

Board Appointments

The board appointed two new Additional Independent Directors with immediate effect from December 26, 2025. Both appointments were made based on recommendations from the Nomination and Remuneration Committee, as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ms. Nadapara brings solid experience in operations, administration, and team coordination. She is recognized for her organizational and planning skills, along with her calm approach during high-pressure situations. Mr. Mendapara is a B.Com graduate with expertise in accounting, finance, and business management, skilled in financial record maintenance and business operations support. The company confirmed that neither director is related to existing board members nor debarred by any SEBI order or other authority.

Proposed Company Name Change

The board approved a significant corporate rebranding initiative, proposing to change the company name from Pratiksha Chemicals Limited to either:

• Well Aura Limited, or
• Vellora Impact Limited

This name change is subject to approval from the Ministry of Corporate Affairs regarding name availability and requires shareholder consent. The company will also need to alter relevant clauses in its Memorandum of Association and Articles of Association pursuant to the name change, as per the Companies Act, 2013 and SEBI regulations.

Business Diversification Plans

The board approved substantial amendments to the company's main object clause, expanding into multiple new business sectors:

New Main Object Activities

Additional Object Expansions

The company also approved new activities under its other object clause:

• Manufacturing and trading of laminates, decorative laminates, plywood, veneers, and allied products
• Agricultural inputs including fertilizers, pesticides, veterinary feeds, and livestock supplements
• Agricultural commodities trading covering grains, fruits, vegetables, spices, and oilseeds
• Agricultural equipment and modern farming implements

Meeting Details

The board meeting was conducted at the company's registered office at 26/Office, Newyork Trade Centre, Opp. Muktidham Derasar, Sarkhej Gandhinagar Highway, Thaltej, Ahmedabad, Gujarat, commencing at 4:00 PM and concluding at 4:30 PM on December 26, 2025. All proposed changes are subject to shareholder approval at the upcoming general meeting.

These strategic initiatives indicate Pratiksha Chemicals Limited's plans for significant business diversification beyond its traditional chemical manufacturing operations, positioning the company for expansion into technology, financial services, precious metals, and agricultural sectors.

Pratiksha Chemicals Limited, a manufacturer of chemicals and pigments, has announced its unaudited financial results for the quarter ended September 30, 2025, revealing a significant boost in profitability. The company also appointed two new directors to its board.

Financial Highlights

The company reported a remarkable turnaround in its financial performance for Q2 FY2026:

The substantial increase in net profit was primarily attributed to extraordinary items, including a profit of Rs. 5.43 crore from land sale and a reversal of impairment provision on inventory amounting to Rs. 1.50 crore.

Board Appointments

In a strategic move to strengthen its leadership, Pratiksha Chemicals has made two key appointments to its board of directors:

1. Mr. Sumit Harjibhai Gol has been appointed as an Additional Executive Director. With a Bachelor's degree in Computer Applications (BCA) and over a decade of experience in business operations and management, Mr. Gol brings expertise in strategic planning, client relations, and process optimization.

2. Mr. Kalpesh Kamani joins as an Additional Non-Executive Director. An accomplished IT professional with an MCA degree and over 7 years of experience in software development, Mr. Kamani is expected to contribute his technical expertise and strategic vision to the company's growth.

Both appointments are subject to shareholder approval at the next general meeting.

Auditor's Observations

The statutory auditors have issued a qualified review report, noting non-compliance with accounting standards for gratuity, leave encashment, and inventory valuation methods. The company's management has not provided details on plans to address these compliance issues.

Regulatory Compliance

As of March 31, 2025, Pratiksha Chemicals reported a paid-up equity share capital of Rs. 5.57 crore and a net worth of Rs. 4.03 crore. Due to these figures being below the stipulated thresholds, the company is exempt from certain regulatory disclosure requirements under SEBI regulations.

The financial results were approved by the Board of Directors at their meeting held on November 5, 2025. The company operates in a single reportable segment of manufacturing chemicals and pigments.

Investors and stakeholders should note that while the company has shown a significant improvement in its financial performance, the auditor's qualifications highlight areas that require attention for ensuring compliance with accounting standards.