36th Annual Report of Pratik Panels Limited
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Pratik Panels Ltd has filed its 36th Annual Report for FY2024-25 along with the AGM notice. The 36th AGM is scheduled for Tuesday, 30th September 2025 at 3:00 PM via video conferencing, with the register of members and share transfer books closed from 24th to 30th September 2025. Shareholders will vote on several major proposals: (1) changing the company name from 'Pratik Panels Limited' to 'Treegate Agritrade Limited', (2) altering the main business object to trading, importing, exporting and dealing in agricultural products like grains, cereals, pulses, vegetables, fruits, seeds, edible oils and spices, indicating a major business pivot, (3) increasing authorised share capital from ₹7.5 crore to ₹12.5 crore (12.5 crore shares of ₹1 each), (4) shifting the registered office from Bhiwandi, Thane to Mulund West, Mumbai, and (5) raising the NRI/OCI investment limit from 10% to 24%, with the document hinting at plans to list equity shares. Multiple director changes occurred in March-September 2025, including the appointment of Mr. Pratik Satish Patil as Whole-Time Director and CFO for 3 years, and several new Independent Directors.
The name change and new agriculture-focused object clause signal a complete business pivot away from the panels business, which is a material change for shareholders to track. The authorised capital hike and proposed increase in NRI/OCI investment limits point to likely fundraising or a fresh listing in the future, which could lead to dilution for existing shareholders. Investors should note the book closure from 24th to 30th September 2025 and watch how these resolutions fare at the AGM, as they will reshape the company's identity and capital structure.