Announcement under regulation 30 for appointment & resignation
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Pratik Panels Ltd held a board meeting on September 5, 2025 with several key decisions. Mr. Kiran Madhukar Devhare resigned as Whole-Time Director & CFO effective September 4, 2025, citing personal commitments. In his place, Mr. Pratik Satish Patil was appointed as the new Whole-Time Director & CFO for a 3-year term, subject to shareholder approval at the upcoming AGM. The board approved the 36th Annual General Meeting to be held on September 30, 2025 via video conferencing, along with the Annual Report and Director's Report for FY 2024-25. HSPN & Associates LLP was appointed as the new Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30). The company also proposed shifting its registered office from Bhiwandi to Mulund West, Mumbai, pending shareholder approval.
Investors should note the sudden CFO transition, though the stated reason is personal and no governance flags were raised. The relocation of the registered office from Bhiwandi to a Mumbai address may signal efforts to upgrade the company's business profile or improve access to financial markets.