Detailed Summary

The AGM was held on Thursday, September 17, 2026, commencing at 12:30 p.m. and concluding at 2:05 p.m. IST. The meeting was conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM) in compliance with circulars from the Ministry of Corporate Affairs and SEBI, and the provisions of the Companies Act, 2013. The proceedings are available on the company's website at www.prevestdenpro.com.

Attendance and Quorum: The meeting was attended by 19 members, constituting a valid quorum. The registered office of the company was deemed the venue for the meeting.

Directors and Key Personnel Present:

The following Directors and Key Managerial Personnel attended the meeting:

  • Mr. Atul Modi - Chairman and Managing Director, Chairman of CSR Committee
  • Mrs. Namrata Modi - Whole Time Director cum CFO
  • Mr. Sai Kalyan Surapaneni - Executive Director
  • Mrs. Niharika Modi - Non-Executive Director
  • Mr. Vaibhav Munjal - Executive Director
  • Mr. Piyush Kiranprakash Gupta - Independent Director, Chairman of the Audit Committee & Stakeholders' relationship committee
  • Mr. Abhijeet Sadashiv Haridas - Independent Director, Chairman of the Nomination & Remuneration Committee
  • Mr. Sukhen Pal Babuta - Independent Director

Other Attendees:

  • Mr. Sourabh Bagaria, representing the statutory auditors, M/s Mittal & Associates.
  • Ms. Nikita Kedia, representing the secretarial auditors, M/s NKM & Associates, who was also appointed as the Scrutinizer for the e-voting process.

The Chairmen of the Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee, and CSR Committee were present.

Voting Process: Remote e-voting was provided through the NSDL platform from September 14, 2026, at 9:00 a.m. to September 16, 2026, at 5:00 p.m. for members on the record date of September 10, 2026. An additional 30-minute e-voting window was available during and after the meeting for shareholders who had not voted remotely.

Management Presentations:

  • Mr. Atul Modi, Chairman & Managing Director, welcomed members and highlighted the company's performance and key growth initiatives for FY 2025–26.
  • Mrs. Namrata Modi, Whole-Time Director & CFO, briefed members on the financial performance.
  • Mr. Vaibhav Munjal, Director & Chief Marketing Officer, highlighted business and marketing performance.
  • Dr. Sai Kalyan Surapaneni, Director – Research & Development, apprised members of key R&D initiatives.

It was confirmed that there were no material qualifications, reservations, adverse remarks, observations, comments, or disclaimers in the reports of the Statutory Auditors and Secretarial Auditors.

Business Items and Resolutions: The following 11 items of business, as per the AGM notice dated August 11, 2026, were taken up:

Ordinary Business:

1. Ordinary Resolution: To receive, consider, and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, along with the reports of the Board of Directors and Auditors.

2. Ordinary Resolution: To declare a Final Dividend of ₹1 (Rupee One) per equity share (face value ₹10 each) for FY26.

3. Ordinary Resolution: To reappoint Mrs. Niharika Modi (DIN: 07818057), who retired by rotation, as a Director.

4. Ordinary Resolution: To appoint M/s. A D V & Associates, Chartered Accountants, as Statutory Auditors of the company.

Special Business:

5. Ordinary Resolution: Ratification of Remuneration of Cost Auditors.

6. Special Resolution: Re-appointment of Mrs. Namrata Modi (DIN: 00788266) as Whole-Time Director.

7. Special Resolution: Re-appointment of Mr. Sai Kalyan Surapaneni (DIN: 07330470) as Executive Director and fixing of his remuneration.

8. Ordinary Resolution: Appointment of Mr. Piyush Kiranprakash Gupta (DIN: 11669545) as an Independent Director.

9. Ordinary Resolution: Appointment of Mr. Abhijeet Sadashiv Haridas (DIN: 11669913) as an Independent Director.

10. Ordinary Resolution: Appointment of Mr. Sukhen Pal Babuta (DIN: 01739016) as an Independent Director.

11. Special Resolution: Approval of waiver of recovery of excess managerial remuneration paid to Mr. Sai Kalyan Surapaneni, Executive Director, for Financial Years 2024-25 & 2025-26.

Outcome: The consolidated results of the voting (remote and during the AGM) were to be declared within prescribed timelines. The voting results and the Consolidated Scrutinizer's Report were to be submitted to BSE and uploaded on the company's and NSDL's website.

The meeting concluded with a vote of thanks at 2:05 p.m.

Note: The document explicitly states it does not constitute the minutes of the AGM proceedings.