Outcome of the Board Meeting held on May 29, 2026
PRAVEG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Praveg Ltd reported FY2026 consolidated revenue of Rs. 24,094.37 lakhs, up 44% from Rs. 16,717.60 lakhs in FY2025. However, the company swung to a consolidated net loss of Rs. 996.86 lakhs compared to a profit of Rs. 1,604.84 lakhs in the prior year. The loss was driven by significantly higher finance costs (Rs. 1,449.29 lakhs vs Rs. 805.21 lakhs) and increased depreciation (Rs. 4,880.39 lakhs vs Rs. 2,784.37 lakhs), plus an exceptional item of Rs. 91.28 lakhs. The Board recommended a final dividend of Rs. 0.50 per equity share (5%) for FY2026, granted 5,076 stock options to employees under ESOP 2024, admitted Ms. Pooja Khakhi to the Audit Committee, and decided to apply for listing on the National Stock Exchange (NSE). Auditors issued unmodified opinions on both standalone and consolidated financial results.
Despite strong revenue growth of 44%, the company posted a significant net loss this fiscal year. The recommended dividend provides some shareholder returns, but investors should monitor the company's ability to manage rising debt costs. The NSE listing application signals management confidence and could improve stock liquidity.