Prime Property 34th AGM on September 30, 2026

Meeting Details

The 34th Annual General Meeting of Prime Property Development Corporation Limited is scheduled to be held on Wednesday, 30th September 2026 at 12:30 P.M. through Video Conferencing or Other Audio Visual Means (VC/OAVM).

Voting Arrangements

The company is providing remote e-voting facility through CDSL in compliance with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014, read with SEBI (LODR) Regulations, 2015.

The Register of Members and Share Transfer Books will remain closed from 24th September, 2026 to 30th September, 2026 (both days inclusive). Members whose names appear in the Register of Members or Register of Beneficial Owners as on 23rd September, 2026 are entitled to vote.

Agenda Items

Ordinary Business:

1. To receive, consider and adopt:

(a) The Audited Financial Statements for the financial year ended March 31, 2026, including Reports of Board of Directors and Auditors

(b) The Audited Consolidated Financial Statements for the financial year ended March 31, 2026

2. To appoint a Director in place of Mr. Manish P. Soni (DIN: 00006485), who retires by rotation and is eligible for re-appointment

Special Business:

3. To approve regularization of Mr. Nandkumar Anant Chaugule (DIN: 06793485) as an Independent Director of the company for a term of 5 consecutive years from 25th July, 2026 to 24th July, 2031

4. Re-Appointment of Mr. Manish P. Soni (DIN: 00006485) as Whole Time Director for five years from 01st August, 2026 to 31st July, 2031, with remuneration of ₹3,00,000/- per month for three years from 01st August, 2026 to 31st July, 2029

5. Re-Appointment of Mr. Vishal P. Soni (DIN: 00006497) as Whole Time Director for five years from 01st August, 2026 to 31st July, 2031, with remuneration of ₹3,00,000/- per month for three years from 01st August, 2026 to 31st July, 2029

Financial Performance Disclosure

The explanatory statement reveals that the company did not book any sale from business operations during the year due to adverse demand for commercial real estate. Earnings of ₹699.92 lakhs represent other income only.

Director Details

Mr. Nandkumar Anant Chaugule (Proposed Independent Director):

• Date of Birth: 14.10.1955
• Former Deputy Commissioner of Police with 38 years of distinguished service
• Appointment period: 25th July, 2026 to 24th July, 2031
• Will receive sitting fees only
• Holds no shares in the company

Mr. Manish P. Soni (Whole-Time Director):

• Date of Birth: 31.10.1972
• Appointed Whole-Time Director since 01/08/2006
• Remuneration: ₹36,00,000 per annum (50% salary paid from subsidiary company Sea-King Club Private Limited)
• Shareholding: 200,000 shares as on 31st March, 2026
• Member of Stakeholders Relationship Committee, Risk Management Committee and Corporate Social Responsibility Committee

Mr. Vishal P. Soni (Whole-Time Director):

• Date of Birth: 14.07.1977
• Appointed Whole-Time Director since 01/08/2006
• Remuneration: ₹36,00,000 per annum (50% salary paid from subsidiary company Sea-King Club Private Limited)
• Shareholding: 200,000 shares as on 31st March, 2026
• Member of Stakeholders Relationship Committee, Risk Management Committee and Corporate Social Responsibility Committee

Voting Procedures

Remote e-voting period begins on 26th September, 2026 at 09:00 AM and ends on 29th September, 2026 at 05:00 PM. Shareholders who vote remotely cannot vote again during the AGM.

The meeting can accommodate up to 1000 members on first-come-first-served basis, excluding large shareholders (holding 2% or more), promoters, institutional investors, directors, KMPs, committee chairpersons, and auditors.

Impact Statements

The remuneration for Whole-Time Directors includes a provision that in the event of loss or inadequacy of profit in any financial year, they shall be paid remuneration at the same substantive level subject to limits specified under Part II, Section II of Schedule V of the Companies Act, 2013.