Intimation under regulation 30 for not passing of resolutions at the AGM held on 30th September, 2025.
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Pratik Panels Ltd held its 36th Annual General Meeting on 30th September 2025 via audio-video conferencing. Two special resolutions placed before shareholders were defeated as they did not receive the required special majority per the Scrutinizer's Report. The defeated resolutions were: (1) Alteration in the Name Clause of the Memorandum and Articles of Association, and (2) Alteration and Substitution of the Object Clause of the Memorandum of Association. As a result, the company's proposed name change and restructuring of its business objects/purpose cannot proceed.
Shareholders have blocked the company's plans to change its name and modify its objects clause, meaning the proposed strategic restructuring of the company's identity and permitted business activities will not take effect. This may signal shareholder dissatisfaction with management's direction or could simply reflect a procedural outcome; either way, the company's plans have been put on hold until another attempt is made.