Consider and approve alteration in Memorandum of Association and Article of Association of the Company subject to the approval of members.
Awaiting price reaction for this filing.
Prabhat Technologies' board approved multiple key changes on May 15, 2026: (1) Appointed Mr. Aakash Vishwamani Tiwari as Additional Director (Non-Executive), bringing expertise in 3D animation and VFX; (2) Promoted Mr. Shivanshu Pandey from Additional Director to Managing Director for a 5-year term, subject to shareholder approval; (3) Altered the MOA object clauses to pivot the company's business from telecom to entertainment—specifically music creation, production, publishing, distribution, and commercialization of audio-visual content including films, music videos, and TV serials; (4) Proposed renaming the company from 'Prabhat Technologies (India) Limited' to 'Prabhat Entertainment Limited'. All changes requiring shareholder and regulatory approvals will be put to an Extra-Ordinary General Meeting vote.
This represents a fundamental pivot from technology/telecom to entertainment/media. The name change signals a new strategic direction focused on content creation and distribution. Shareholders should note this is a complete business model transformation requiring EGM approval.