PRAKASH INDUSTRIES LTD.

Prakash Industries Ltd. announced the appointment of ten new Senior Management Personnel (SMP) following a Board of Directors meeting held on August 11, 2026. The appointments, effective immediately, include Executive Directors in Corporate Affairs, Plant Head, Commercial, and Accounts & Taxation, along with Presidents, Vice Presidents, and a General Manager across various divisions. The company also approved the financial results for the quarter ended June 30, 2026, and recommended the appointment of SGAJ & Associates as new statutory auditors.

Prakash Industries Ltd. announced the appointment of M/s. SGAJ & Associates, Chartered Accountants, as its new Statutory Auditors. This appointment follows the conclusion of the second term of the existing auditors, Chaturvedi and Co. LLP, at the upcoming 45th AGM on September 30, 2026. SGAJ & Associates will serve for a period of five consecutive years, from the conclusion of the 45th AGM until the 50th AGM in FY 2031-32. The board also approved the unaudited financial results for the quarter ended June 30, 2026, reporting a profit after tax of ₹7,127, and appointed new Senior Management Personnel.

Prakash Industries Ltd announced the appointment of M/s. SGAJ & Associates, Chartered Accountants, as its new Statutory Auditors for a term of 5 years, commencing from the conclusion of the 45th AGM on September 30, 2026. This appointment follows the completion of the second term of the existing auditors, Chaturvedi and Co. LLP. The company also reported its unaudited financial results for the quarter ended June 30, 2026, with revenue from operations at ₹1,03,200 and profit after tax at ₹7,127. Additionally, the Board approved the inclusion of ten officials into the Senior Management Personnel category.

Prakash Industries Limited reported financial results for the quarter ended June 30, 2026. Net sales were ₹1032 Crores, a slight decrease from ₹1037 Crores in the same quarter last year. EBITDA increased to ₹154 Crores from ₹144 Crores, improving the EBITDA margin to 14.9% from 13.9%. However, Profit After Tax (PAT) declined to ₹71 Crores from ₹91 Crores, primarily due to the company opting for the new tax regime from April 1, 2026, making the section 80-IA tax exemption unavailable. The company extracted 3.3 lac MT of coal from its Bhaskarpara Coal Mine and targets 1.2 Mn tonnes for the current financial year.

Prakash Industries Ltd announced its unaudited financial results for the quarter ended June 30, 2026, following a limited review. The Board of Directors also approved the appointment of M/s. SGAJ & Associates as the new Statutory Auditors for a five-year term and inducted ten new officials into the Senior Management Personnel category. The Board meeting commenced at 12:30 PM and concluded at 2:40 PM.

Prakash Industries reported standalone revenue of ₹1,032 Cr for Q1 FY27, flat YoY (-0.5% vs ₹1,037 Cr) and up 12.2% sequentially from a seasonally soft Q4 FY26 (₹920 Cr). Net profit fell sharply to ₹71.3 Cr, down 22% YoY (₹91.4 Cr) and 24% QoQ (₹93.3 Cr), with EPS at ₹3.98 against ₹5.10 a year ago and ₹5.21 last quarter. Reported net margin compressed to 6.9% from 8.8% YoY and 10.1% QoQ. The headline profit drop is not an operating story. Pre-tax profit actually rose to ₹92.7 Cr from ₹91.4 Cr YoY (+1.5%), and per the company's press release EBITDA grew to ₹154 Cr from ₹144 Cr (+6.9% YoY), with EBITDA margin expanding to 14.9% from 13.9%. The entire swing sits in the tax line: effective tax rate jumped to ~23% this quarter from near-zero a year ago, after the company opted into the new tax regime under the Income Tax Act, 2025 effective 1 April 2026, which took away its Section 80-IA exemption. The prior-year and immediately preceding quarter both carried MAT credit entitlements that fully offset current tax, masking the now-higher structural tax rate. Neither the database nor a web search turned up formal management guidance or street consensus estimates for this quarter — Prakash Industries is not widely covered by brokerage previews, so vsGuidance and vsStreet are both unknown. On the operating side, the company extracted 3.3 lakh MT of coal from its Bhaskarpara mine during the quarter and is targeting 1.2 million tonnes for FY27, following an Environmental Clearance (granted 12 June 2026) to raise mine capacity from 1.0 to 1.2 MTPA. Separately, the auditor's review report notes a ₹165 lakh deferred tax liability adjusted directly against Securities Premium under a court order rather than run through the P&L — a non-recurring accounting treatment worth tracking for consistency in future quarters. Going forward, the ~23% effective tax rate is now structural (not one-off) since the 80-IA exemption is gone for good under the new regime, so future quarters should be judged on PBT/EBITDA trends rather than the YoY PAT comparison, which will keep looking weak purely on the tax base effect.

Prakash Industries Ltd has announced that its Board of Directors will convene on August 11, 2026, in New Delhi. The primary agenda item is the consideration and approval of the unaudited financial results for the quarter ended June 30, 2026, along with a limited review. Concurrently, the company has informed that the trading window for designated persons will remain closed until 48 hours after the public announcement of these financial results, in compliance with SEBI regulations.

Prakash Industries Limited has announced the release of 11,53,801 equity shares from pledge by its promoter group, Shree Labh Lakshmi Capital Services Pvt. Ltd. This action, reported on July 4, 2026, under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, signifies a reduction in encumbrance. The shares were released from a pledge to Virtue Financial Services Pvt. Ltd. The total number of shares held by the promoter group before the release was 23,11,471 (1.29% of share capital), and after the release, it stands at 15,36,071 (0.86% of share capital). This move may indicate increased confidence or a change in financial arrangements by the promoter.

Prakash Industries Ltd has announced the closure of its trading window for dealing in the company's shares. This closure is in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The window will be shut from July 1st, 2026, until 48 hours after the upcoming Board Meeting, which is scheduled to consider the financial results for the period ending June 30th, 2026. This measure is standard practice to prevent potential insider trading during periods of sensitive financial information disclosure.

Prakash Industries Ltd has received Environmental Clearance from the Ministry of Environment, Forest and Climate Change, Government of India, for its Bhaskarpara Coal Mine. The clearance allows for an increase in production capacity from 1.0 MTPA to 1.2 MTPA, representing a 20% expansion. This development is expected to boost the company's coal output and potentially enhance its revenue streams from mining operations.