Pursuant to provision of Regulation 30 (read with Part A of Schedule III) and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, This is to inform you that ....

Prashant India Ltd reported audited standalone financial results for FY ended March 2026 with total income of Rs 13.93 lakhs, significantly down from Rs 30.29 lakhs in FY2025. The statutory auditors issued a Qualified Opinion citing multiple issues: non-provision of interest on secured creditors loans amounting to Rs 1153.37 crores (accruing since 2001), non-provision of doubtful debts of Rs 8.83 lakhs, and non-provision for gratuity/leave encashment violating Ind AS 19. The accounts were prepared on Going Concern basis despite auditors flagging serious doubts about the company's ability to continue as a going concern. The company posted operating loss of Rs 385.89 lakhs before exceptional items, but net profit of Rs 636.63 lakhs due to Rs 1022.52 lakhs from asset sales. CFO Mr. Vinod Pandurang Jadhav resigned effective 18 May 2026.