PRASHANT INDIA LTD.

Operates in two segments: a Textile division (based at Palsana, Surat) that has already been shut down and whose plant, machinery and factory land/building are being sold off as scrap, and a Wind farm segment that continues to generate small amounts of revenue. FY26 total income was Rs. 13.93 lakhs, down from Rs. 30.29 lakhs in FY25, while quarterly revenue is effectively nil (Rs. 1.13 lakhs in Q3 FY26). The company reported a net profit of Rs. 636.63 lakhs for FY26, but this was almost entirely due to an exceptional gain of Rs. 1,022.52 lakhs from the sale of fixed assets and investments, not from operating activity; operating loss before exceptional items was Rs. 385.89 lakhs. Quarterly P&Ls show finance costs of Rs. 259.82 lakhs in Q3 alone, far exceeding operating revenue. The statutory auditor issued a qualified opinion and flagged serious doubts about the company's ability to continue as a going concern, citing Rs. 1,153.37 crores of unpaid interest on secured creditor loans accruing since 2001 that has not been provided for. The company's Corporate Identification Number was changed in July 2026 to L68100GJ1983PLC006574, indicating a reclassification of its objects clause. Equity share capital is Rs. 423.54 lakhs and net worth is negative at Rs. 2,684.64 lakhs.