Prag Bosimi Synthetics Ltd (500192)

Prag Bosimi Synthetics approved its standalone and consolidated unaudited financial results for the quarter ended September 30, 2026. Statutory auditor Rama K. Gupta & Co. issued an unmodified limited review report with no material misstatements noted. The filing contains the cover letter and auditor review reports, while specific financial numbers (revenue and net profit) were omitted from the provided text pages. The company operates in significant distress with negative net worth of Rs -17 Cr and debt of Rs 160 Cr.

• Board meeting commenced at 3:00 PM and concluded at 4:40 PM on November 12, 2026
• Standalone and consolidated financial results approved for the period ended September 30, 2026
• Consolidated results cover 2 subsidiaries (Prag Bosimi Packaging, Prag Bosimi Texurising) and 1 associate (Prag Jyoti Textile Park)
• Auditors issued clean, unmodified review reports under Ind AS 34

Prag Bosimi Synthetics Ltd has appointed M/s. G.S. Bhide & Associates as its new Secretarial Auditor effective August 20, 2026. The appointment fills a casual vacancy caused by the demise of Mr. Ashok Patel on August 16, 2026. The Board approved the appointment for a five-year term covering FY 2026-27 through FY 2030-31, subject to shareholder approval at the ensuing Annual General Meeting.

• Appointment of M/s. G.S. Bhide & Associates approved on August 20, 2026.
• Casual vacancy arose due to the demise of former auditor Mr. Ashok Patel on August 16, 2026.
• Term proposed for 5 consecutive years from FY 2026-27 to FY 2030-2031, subject to AGM approval.

Prag Bosimi Synthetics has announced a refresh of its Board of Directors, including the re-appointment of Ms. Sunita Shah for a second five-year term starting August 2027. The board also appointed Mr. Krish Devang Vyas as a Non-Executive Director and Mr. Amitabh Saikia as an Independent Director, both effective August 17, 2026. These changes come as the company remains in severe financial distress, reporting zero TTM revenue and a negative net worth of ₹14 Cr. The company has scheduled its 34th Annual General Meeting (AGM) for September 25, 2026, to formalize these appointments.

• Re-appointment of Ms. Sunita Shah as Independent Director for a 5-year term starting August 11, 2027
• Appointment of Mr. Amitabh Saikia as Independent Director for a 5-year term effective August 17, 2026
• 34th Annual General Meeting (AGM) scheduled for September 25, 2026, via video conferencing
• Company reports a total debt of ₹161 Cr against a negative net worth of ₹14 Cr
• TTM revenue remains at ₹0 Cr with a TTM net loss of ₹11 Cr

Prag Bosimi Synthetics approved its unaudited financial results for the quarter ended June 30, 2026, alongside several board changes. The company remains in deep financial distress with TTM revenue at Rs 0 Cr and a negative net worth of Rs 14 Cr. New appointments include Mr. Amitabh Saikia (Independent) and Mr. Krish Vyas (Non-Executive) effective August 17, 2026. The 34th Annual General Meeting is scheduled for September 25, 2026, via video conferencing.

• Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2026
• 34th Annual General Meeting (AGM) scheduled for September 25, 2026
• Appointment of Mr. Amitabh Saikia as Independent Director for a 5-year term starting August 17, 2026
• Debt remains high at Rs 161 Cr against a market capitalization of only Rs 14 Cr
• Register of Members and Share Transfer Books to be closed from September 18 to September 25, 2026

Prag Bosimi Synthetics, a company currently reporting zero TTM revenue and a negative net worth of ₹14 Cr, has appointed Shri Megha Nidhi Dahal, IAS, as its new Chairman and Nominee Director effective August 10, 2026. The appointment follows a directive from the Government of Assam, replacing Shri Hivare Nisarg Gautam. The new Chairman is the Managing Director of Assam Industrial Development Corporation (AIDC) and holds directorships in 8 other entities. While this is a key leadership change, the company remains in severe financial distress with ₹161 Cr in debt.

• Shri Megha Nidhi Dahal, IAS (2015 batch), appointed as Chairman and Nominee Director effective August 10, 2026
• Appointment directed by Govt of Assam via notification dated July 16, 2026
• The new Chairman holds directorships in 8 other companies and foundations
• Company reports TTM revenue of ₹0 Cr and a net loss of ₹11 Cr for FY26
• Debt stands at ₹161 Cr against a negative net worth of ₹14 Cr

Prag Bosimi Synthetics has scheduled a board meeting for August 12, 2026, to approve its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company is currently in a precarious financial position, reporting zero revenue for the trailing twelve months (TTM) and a net loss of Rs 11 Cr in FY26. With a negative net worth of Rs 14 Cr and substantial debt of Rs 161 Cr, the upcoming results are critical to assess any operational restart.

• Board meeting scheduled for August 12, 2026, to approve Q1 FY27 results
• Company reported Rs 0 Cr revenue for the full year FY26
• Net loss for the most recent quarter (Mar 2026) was Rs 3.56 Cr
• Total debt stands at Rs 161 Cr against a market cap of only Rs 14 Cr
• Promoter holding remains stable at 48.18% as of June 2026