Notice of Extra-Ordinary General Meeting (EGM) of the Company schedule to be held on June 18, 2026
Awaiting price reaction for this filing.
Prabhat Technologies (India) Limited has called an EGM on June 18, 2026 to seek shareholder approval for four key proposals. First, the company plans to change its object clause from the telecom sector to entertainment content including music creation, production, publishing, and distribution across media platforms. Second, the company name will change from 'Prabhat Technologies (India) Limited' to 'Prabhat Entertainment Limited' following MCA name approval received on May 4, 2026. Third, the Articles of Association will be updated to reflect the new name. Fourth, Mr. Shivanshu Pandey is being appointed as Managing Director for 5 years (May 2026 to May 2031) with a gross monthly remuneration of ₹2,00,000 plus annual increments. The meeting will be held via video conferencing with remote e-voting from June 15-17, 2026.
This EGM signals a major business transformation from telecom to entertainment content. The name change and new leadership appointment indicate a strategic pivot that could attract different investor interest. Shareholders should review the proposed remuneration package and business change carefully before voting.