Key Event Details

The 23rd Annual General Meeting of Prudent Corporate Advisory Services Limited will be held on Friday, July 31, 2026 at 11:30 AM through Video Conferencing/Other Audio Visual Means in compliance with MCA circulars. The deemed venue is the Registered Office at Prudent House, 3 Devang Park Society, Panjarapole Cross Road, Ambawadi, Ahmedabad - 380015.

Business Items to be Transacted

Ordinary Business:

1. To receive, consider and adopt the Standalone Financial Statements for the year ended March 31, 2026, including Audited Balance Sheet, Statement of Profit and Loss, and reports of Board of Directors and Auditors

2. To receive, consider and adopt the Consolidated Financial Statements for the year ended March 31, 2026, including Audited Balance Sheet, Statement of Profit and Loss, and reports of Auditors

3. To declare a Final Dividend of ₹3.50 per Equity Share of face value of ₹5 each for the Financial Year ended March 31, 2026

4. To appoint a director in place of Mr. Shirish Govindbhai Patel (DIN: 00239732), who retires by rotation and is eligible for re-appointment

Special Business:

5. Special Resolution: To approve increase in remuneration of Mr. Shirish Govindbhai Patel (DIN: 00239732), Whole-time Director and CEO

  • Revised fixed annual remuneration: ₹1,239.72 lakhs per annum (increased from ₹1,033.10 lakhs)
  • Effective from April 1, 2026 for remaining tenure
  • Performance-based variable pay not exceeding 100% of fixed remuneration
  • Total managerial remuneration shall not exceed 10% of Net Profits, overall director remuneration not exceeding 11% of Net Profits

6. Ordinary Resolution: To approve appointment of Mrs. Maitry Dhruvin Shah (related party) as Head of Digital Initiatives and payment of remuneration

  • Tenure: 5 years from April 1, 2026
  • Remuneration: ₹65 lakhs per annum for FY 2026-27, ₹125 lakhs per annum for FY 2027-28 to FY 2030-31
  • Mrs. Shah is daughter of Mr. Sanjay Shah, Chairman and Managing Director and Promoter

Dividend Details

  • Record Date: Friday, July 17, 2026 for determining entitlement to dividend
  • Payment Date: On or after Friday, August 7, 2026
  • TDS applicable as per Income-Tax Act, 2025 provisions

Director Information for Re-appointment

  • Mr. Shirish Govindbhai Patel (DIN: 00239732)
  • Date of Birth: July 18, 1977 (Age: 49 years)
  • First appointed: July 31, 2018
  • Qualifications: Bachelor's degree, MBA (Finance), Diploma in Computer Applications
  • Experience: 25+ years in wealth management and financial services (formerly ICICI Bank, Citibank)
  • Shareholding: 9,31,650 Equity Shares
  • Board Meeting Attendance: 5 out of 6 meetings in FY 2025-26
  • Last drawn remuneration: ₹1,033.10 lakhs

Voting Arrangements

  • Remote e-voting period: July 28, 2026 (9:00 AM) to July 30, 2026 (5:00 PM)
  • Cut-off date for voting rights: July 24, 2026
  • Scrutinizer: CS Premnarayan Ramanand Tripathi, M/s. PRT & Associates
  • Results to be posted on company website and stock exchanges

Tax Implications

  • Dividend taxable in hands of members under Income-Tax Act, 2025
  • TDS rates: 10% for resident members (if dividend exceeds ₹10,000 annually)
  • Non-resident members: 20% plus surcharge and cess, with DTAA benefits available upon submission of required documents
  • Deadline for TDS documentation: July 18, 2026 to dividend@prudentcorporate.com

Additional Information

  • Annual Report 2025-26 available on company website and stock exchange websites
  • Documents available for electronic inspection during AGM
  • Members must register by July 24, 2026 to speak during AGM
  • Physical attendance dispensed with, only VC/OAVM participation available