Pratiksha Chemicals EGM approves diversification, new MD, higher borrowing power
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Pratiksha Chemicals held an EGM on 20 Feb 2026 and shareholders approved 8 special resolutions. Key items: (1) Amendment of the object clause to add new businesses including IT/software, laminates, debt recovery, gold and precious metals trading, agriculture inputs and commodities. (2 to 4) Regularisation of 3 directors - Kishan Mendapara and Khushbu Nadapara as Independent Directors (5 year term), and Kalpesh Kamani as Executive Director. (5) Appointment of Sumit Gol as Managing Director for 3 years with remuneration up to Rs 10 lakh per year. (6) Increase in authorised share capital from Rs 7.5 crore to Rs 32 crore (creating 2.45 crore new equity shares). (7) Raise borrowing limit to Rs 200 crore. (8) Authorise board to create security or sell undertaking.
Massive diversification into unrelated businesses plus large capital and borrowing hikes signal aggressive expansion plans but the company posted a Rs 7.66 crore loss in FY25 on falling revenues, raising execution and dilution risk for existing shareholders.