Based on recommendation of NRC, granted ESOP to the eligible employees of the company.
PRAVEG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Praveg Ltd reported FY2026 consolidated results showing a significant turnaround from profit to loss. Revenue from operations grew 44% to Rs. 24,094 lakh, but the company posted a consolidated loss of Rs. 997 lakh compared to profit of Rs. 1,605 lakh in FY2025. Costs rose sharply - Finance costs increased 80% to Rs. 1,449 lakh and depreciation rose 75% to Rs. 4,880 lakh. The board recommended a final dividend of Rs. 0.50 per share (5% on Rs. 10 face value) subject to shareholder approval. The Nomination and Remuneration Committee approved 5,076 stock options under ESOP 2024 with vesting over 3 years (33% each on May 29, 2027 and 2028, and 34% on May 29, 2029). Additionally, the company decided to apply for listing on NSE, which would give it dual-listing status alongside BSE.
The shift from profit to loss despite higher revenue signals cost pressure concerns. The NSE listing application is positive as it may increase stock liquidity and visibility. The ESOP grant aligns employee and shareholder interests but involves modest dilution of 5,076 shares.