Paras Petrofils Ltd

Dematerialisation processing and owner update

• Dematerialisation requests up to 30 September 2026 were confirmed to depositories by the Registrar and Transfer Agent.
• Securities included in these certificates have been listed on stock exchanges where the earlier issued securities are listed.
• Dematerialisation certificates were mutilated and cancelled after verification, with depository name substituted as registered owner within 15 days.

Paras Petrofils Limited – Closure of Trading Window for Designated Persons from October 01, 2026 until expiry of 48 hours from conclusion of the Board meeting to approve unaudited/audited financial results for the quarter and half year ended September 30, 2026.

Key AGM actions

• Notice for 35th AGM to be held on Tue, 29 September 2026 at 11:30 IST via VC.
• Approved FY2025-26 annual report.
• Appointed M. D. Baid & Associates as Scrutinizer for AGM e-voting.
• Fixed cut-off date for eligibility to vote/attend AGM as Fri, 18 Sep 2026.
• Remote e-voting period fixed from 26 Sep 2026 to 28 Sep 2026.

Financial performance

• Total income for FY2025-26: 149.82 Lakhs.
• Revenue from operations: nil; total income from other sources.
• Expenditure: 185.19 Lakhs; resulting net loss.
• Net loss after tax: 35.37 Lakhs.
• Earnings per share: Basic -0.01; Diluted -0.01.
• Dividend declared: none due to accumulated losses.
• Cash flow from operations: 43.45 Lakhs.
• Net cash used in investing activities: 40.38 Lakhs.
• Net increase in cash and cash equivalents: 3.07 Lakhs.

Operations & going concern

• The company did not carry out business operations in FY2025-26.
• Stopped activities; exploring construction venture on land at Palsana.
• Going concern: positive net worth, no borrowings; assets can cover liabilities.
• Paid-up share capital: 3,678.43 Lakhs.
• Total equity as on 31-03-2026: 1,998.51 Lakhs.
• Retained earnings: (1,679.92) Lakhs; accumulated losses.
• Net worth supports liabilities; no bank borrowings.

Capital structure & liquidity

• Share capital unchanged; no equity or debt issues.
• Promoters hold 40.19%; non-promoters 59.81%.
• Demat status: NSDL 24.72%; CDSL 24.62%; physical 50.66%.
• Cash balance: 3.08 Lakhs.
• Cash from operations: 43.45 Lakhs.
• Net cash used in investing: 40.38 Lakhs.
• Year-end cash increase: 3.07 Lakhs.

Governance & board

• Board comprises six directors; one executive; two independent.
• Board meetings held: seven during FY2025-26.
• Audit Committee, NRC, and Stakeholders committees active.
• Independent Directors' meeting held on 25 March 2026.
• Statutory auditor: RMR & Co.; Secretarial auditor: M.D. Baid & Associates.
• Delayed appointment of Company Secretary; fines paid.
• MGT-14 filing for loan resolution not filed; actions underway.

Audit, risk & internal controls

• Statutory auditor's report: unqualified; no fraud reported.
• Secretarial audit noted two observations; board addressing.
• Internal controls: adequate; internal audit reports reviewed by Audit Committee.
• Vigil mechanism/whistle blower in place.

Regulatory & compliance

• CSR not applicable.
• Non-compliance: promoter encumbrance declaration delayed in 2024; fines paid.
• Q3 2024 integrated financial results filed with delay; corrective steps underway.
• There are no subsidiaries; related party transaction policy on the website.

AGM details

• Date/time/mode: 29 September 2026 at 11:30 AM IST via VC/OAVM.
• Cut-off date for voting: 18 September 2026.
• Remote e-voting period: 26–28 September 2026, 09:00–17:00.
• VC/OAVM attendance allowed 15 minutes before start.

Resolutions

• Ordinary business: adopt Audited Standalone Financial Statements for year ended 31 March 2026.
• Ordinary business: reappointment of Sanjay Jayant Bhatt, retiring by rotation.

Director details

• Director for reappointment: Sanjay Jayant Bhatt (DIN 09075125), appointed 17 Feb 2021; production process expert.
• Remuneration NA; shareholding Nil.

RTA appointment and transition

• Board approved appointing Ankit Consultancy Private Limited as new RTA; transition per agreement terms.
• Bigshare Services to transfer database and connectivity until shift to Ankit completes.
• Ankit Consultancy holds SEBI RTA registration INR 000000767.
• Appointment to take effect from date to be specified in the formal agreement.

Board outcome

• Board approved unaudited standalone results for quarter ended 30 June 2026 with Limited Review Report.
• Limited Review Report confirms compliance with Ind AS 34 and provides moderate assurance.
• Company is a single-segment entity; segment reporting not applicable.
• Corresponding IND AS figures for the period have not been subjected to review.
• Results will be hosted on the company's website.
• Board meeting held on 14 August 2026 in Surat.

Meeting Details

• Date: August 14, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve audited financial statements for the quarter ended June 30, 2026.

Other Notes

• Trading window closure periods not specified.