Prashant India Ltd (519014)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Prashant India's revenue was ₹0.0 Cr (-98.9% year on year, -98.4% on the previous quarter), and net profit ₹-0.1 Cr (a bigger loss than a year earlier); the operating margin was -13487.5%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.0 | -98.9% | -98.4% |
| Operating profit | ₹-0.1 | loss widened | loss widened |
| Net profit | ₹-0.1 | loss widened | loss narrowed |
| EPS (₹) | -0.27 | loss widened | loss narrowed |
| Operating margin | -13487.5% | — | — |
📢 Recent Corporate Announcements
Prashant India Limited has informed the exchanges about the appointment of Mr. Shyamalbhai J. Mashruwala as a Non-Executive Non-Independent Director effective September 26, 2026. The appointment was recommended by the Board on August 29, 2026, and approved by shareholders at the 43rd Annual General Meeting. Mr. Mashruwala holds a B.Com. degree and has experience in accounting and finance. Prashant India currently has a market capitalization of Rs 6 Cr with minimal core operations (Jun 2026 revenue of Rs 0.0008 Cr).
- Appointment effective from September 26, 2026
- Board recommendation took place on August 29, 2026
- Approved by shareholders during the 43rd Annual General Meeting
- Appointed as Non-Executive Non-Independent Director
Prashant India Ltd announced the appointment of Mr. Shyamanlbhai J Mashruwala as an Additional Director (Non-Executive, Non-Independent) effective August 29, 2026, subject to shareholder approval at the upcoming AGM. The Board also approved the Directors' Report for FY26 and scheduled its 43rd Annual General Meeting for September 26, 2026, via video conferencing. The cut-off date for e-voting has been fixed as September 19, 2026, with the voting period active between September 22 and September 25, 2026.
- Appointed Mr. Shyamanlbhai J Mashruwala as Non-Executive Non-Independent Additional Director effective August 29, 2026
- 43rd Annual General Meeting convened for September 26, 2026 at 12:30 PM
- E-voting cut-off date determined as September 19, 2026
- NDSL e-voting window scheduled from September 22, 2026 (09:00 AM) to September 25, 2026 (05:00 PM)
Prashant India Limited's Board of Directors met on August 29, 2026, and approved the Director's Report for FY26. The board appointed Mr. Shyamanlbhai J Mashruwala as an Additional Director (Non-Executive Non-Independent) effective August 29, 2026, subject to shareholder approval. The company's 43rd Annual General Meeting (AGM) has been scheduled for September 26, 2026, with a voting cut-off date set for September 19, 2026. The announcement is procedural and has no direct financial impact.
- Appointed Mr. Shyamanlbhai J Mashruwala as Additional Director (Non-Executive Non-Independent) effective August 29, 2026
- 43rd Annual General Meeting scheduled for Saturday, September 26, 2026, at 12:30 p.m. via VC/OAVM
- Cut-off date for e-voting fixed as September 19, 2026
- E-voting period set from September 22, 2026 (09:00 a.m.) to September 25, 2026 (05:00 p.m.)
Prashant India Limited has rescheduled its Board of Directors meeting from August 26, 2026, to Saturday, August 29, 2026 at 04:00 P.M. due to unavoidable circumstances. The board is scheduled to consider and approve the Director’s Report for the financial year ended March 31, 2026. It will also finalize the date, time, venue, and draft notice for the upcoming 43rd Annual General Meeting (AGM).
- Board meeting rescheduled from August 26, 2026, to August 29, 2026 at 04:00 P.M.
- Agenda includes approval of the Director's Report for the financial year ended March 31, 2026
- Board to determine the date, time, and venue for the 43rd Annual General Meeting
Prashant India Ltd has informed the exchange that a meeting of its Board of Directors is scheduled for August 26, 2026. The board will consider and approve the Director's Report for the financial year ended March 31, 2026. Additionally, the board will finalize the date, time, venue, and draft notice for the upcoming 43rd Annual General Meeting (AGM). This is a routine annual regulatory and governance process.
- Board meeting scheduled on Wednesday, August 26, 2026 at 04:00 PM IST
- Meeting agenda includes approval of the Director's Report for FY ended March 31, 2026
- Board to finalize details and approve draft notice for the 43rd Annual General Meeting
Prashant India reported virtually nil operational revenue of Rs 0.00 lakhs and total income of Rs 0.08 lakhs for the quarter ended June 30, 2026, compared to Rs 7.00 lakhs in Q1 FY26. The standalone net loss widened year-on-year to Rs 11.40 lakhs against a loss of Rs 6.81 lakhs in Q1 FY26. Alongside the results, the Board appointed Parth Pareshkumar Jariwala as Chief Financial Officer and noted the resignation of Independent Director Parth Mahendarkumar Pandya effective August 14, 2026.
- Total income for Q1 FY27 stood at Rs 0.08 lakhs compared to Rs 7.00 lakhs in the year-ago period
- Net loss widened to Rs 11.40 lakhs for the quarter versus Rs 6.81 lakhs in Q1 FY26
- Total quarterly expenses stood at Rs 10.90 lakhs, primarily comprising employee costs of Rs 3.69 lakhs and other expenses of Rs 7.18 lakhs
- Appointed Parth Pareshkumar Jariwala as Chief Financial Officer and KMP effective August 14, 2026
- Independent Director Parth Mahendarkumar Pandya resigned effective close of business hours on August 14, 2026
Prashant India has appointed Mr. Parth Pareshkumar Jariwala as Chief Financial Officer (CFO) and Key Managerial Personnel effective August 14, 2026, following the resignation of Independent Director Mr. Parth Mahendarkumar Pandya. Concurrently, the company reported standalone financial results for Q1 (ended June 30, 2026) with near-zero operating revenue of ₹0.08 lakh and a net loss of ₹11.40 lakhs, compared to a net loss of ₹6.81 lakhs in Q1 FY26. The company continues to face deep financial stress with accumulated negative reserves standing at ₹(3,108.18) lakhs against a market cap of ~₹6 crore.
- Appointed Mr. Parth Pareshkumar Jariwala as Chief Financial Officer (CFO) and KMP w.e.f. August 14, 2026.
- Reported Q1 total income of ₹0.08 lakh, down from ₹7.00 lakhs in Q1 FY26.
- Q1 net loss expanded to ₹11.40 lakhs compared to a loss of ₹6.81 lakhs in Q1 FY26.
- Reserves excluding revaluation reserves stood at negative ₹3,108.18 lakhs (₹-31.08 crore).
- Independent Director Mr. Parth Mahendarkumar Pandya resigned effective close of business hours on August 14, 2026.
Prashant India reported virtually negligible revenue of ₹0.08 lakh for the quarter ended June 30, 2026, down from ₹7.00 lakh in the corresponding quarter last year. The company posted a net loss of ₹11.40 lakh compared to a loss of ₹6.81 lakh in Q1 FY26, driven by operating expenses of ₹10.90 lakh. Reserves (excluding revaluation) remain deeply negative at -₹3,108.18 lakh against an equity base of ₹423.54 lakh. Separately, the board appointed Mr. Parth Pareshkumar Jariwala as Chief Financial Officer following the resignation of an independent director.
- Total income from operations fell to ₹0.08 lakh in Q1 from ₹7.00 lakh in Q1 FY26
- Net loss widened YoY to ₹11.40 lakh (EPS of -₹0.27) versus ₹6.81 lakh in Q1 FY26
- Total expenses stood at ₹10.90 lakh, primarily comprising employee costs of ₹3.69 lakh and other expenses of ₹7.18 lakh
- Appointed Mr. Parth Pareshkumar Jariwala as Chief Financial Officer (CFO) effective August 14, 2026
Prashant India reported a standalone net loss of Rs 11.40 lakh for the quarter ended June 30, 2026, compared to a net loss of Rs 6.81 lakh in the corresponding quarter of the previous year. Total income from operations stood virtually flat at Rs 0.08 lakh versus Rs 7.00 lakh in Q1 FY26. The board also approved the appointment of Mr. Parth Pareshkumar Jariwala as Chief Financial Officer and noted the resignation of Independent Director Mr. Parth Mahendarkumar Pandya.
- Total income from operations fell to Rs 0.08 lakh in Q1 FY27 from Rs 7.00 lakh in Q1 FY26.
- Standalone net loss stood at Rs 11.40 lakh for Q1 FY27 compared to a loss of Rs 6.81 lakh in Q1 FY26.
- Basic EPS for the quarter was Rs (0.27) versus Rs (0.16) in the year-ago period.
- Appointment of Mr. Parth Pareshkumar Jariwala as Chief Financial Officer effective August 14, 2026.
- Resignation of Independent Director Mr. Parth Mahendarkumar Pandya effective close of business on August 14, 2026.
Prashant India Ltd has scheduled a board meeting for August 14, 2026, to review and approve its unaudited standalone financial results for the quarter ended June 30, 2026. The company is currently in a precarious financial position with a negative net worth of ₹27 Cr and a high debt of ₹28 Cr against a tiny market capitalization of ₹7 Cr. While the company reported a PAT of ₹6.37 Cr in FY26, this was achieved on a negligible revenue base of ₹0.14 Cr, indicating non-operational income. Investors should watch for any signs of operational recovery in the upcoming results.
- Board meeting scheduled for August 14, 2026, at 04:00 PM IST.
- Agenda includes approval of unaudited standalone financial results for the quarter ended June 30, 2026.
- Trading window is closed and will remain so until 48 hours after the results are declared.
- Company operates with a significant debt of ₹28 Cr relative to its ₹7 Cr market cap.
- Latest annual revenue (FY26) stands at a very low ₹0.14 Cr.
Mr. Parth Mahendarkumar Pandya has resigned from his position as an Independent Director at Prashant India Ltd, effective August 14, 2026. Along with his directorship, he will vacate his seats on the Audit, Nomination and Remuneration, and Stakeholders Relationship Committees. The resignation is attributed to personal and professional commitments, with the director confirming no other material reasons. This change occurs in a company with a very small market cap of Rs 7 Cr and significant financial stress, including a negative net worth of Rs -27 Cr.
- Resignation of Independent Director effective from the close of business hours on August 14, 2026
- Cessation of membership in 3 board committees: Audit, NRC, and Stakeholders Relationship
- Company reported a negative net worth of Rs -27 Cr as per latest financial context
- TTM revenue stands at Rs 0 Cr, indicating minimal operational activity
- Director holds directorships in 0 other listed entities
Financial Performance
Financial analysis data not yet available for this company.
Operational Drivers
Operational analysis data not yet available for this company.
Strategic Growth
Strategic growth analysis not yet available for this company.
External Factors
External factors analysis not yet available for this company.
Regulatory & Governance
Regulatory analysis not yet available for this company.
Risk Analysis
Risk analysis not yet available for this company.
