Prakash Industries Ltd reports Q1 results, appoints new statutory auditors, and details senior management personnel appointments

Prakash Industries Ltd reports Q1 results, appoints new statutory auditors, and details senior management personnel appointments​

Prakash Industries Limited released its unaudited financial results for the quarter ending June 30, 2026, alongside crucial updates regarding its statutory auditing firm appointment and the designation of several key executives as Senior Management Personnel (SMP). The company also provided details on its operational activities at the Bhaskarpara Coal Mine.

The Board of Directors held a meeting on August 11, 2026, which approved the results for the quarter, confirming the completion of business-as-usual appointments and transitions for statutory auditing in light of upcoming general meetings.

Financial Performance Highlights​

For the quarter ending June 30, 2026, Prakash Industries reported a Total Revenue from operations of 1,03,200 lakhs. The company recorded a Profit after tax (PAT) of 7,127 lakhs for the period.

The detailed financial results are presented below:


The company also reported that Earnings Per Share (EPS) Basic and Diluted stood at 3.98 for the quarter ending June 30, 2026.

Statutory Auditors Appointment​

The Board of Directors approved the appointment of M/s SGAJ & Associates, Chartered Accountants, as the Statutory Auditors of the Company. This appointment is set for a period of five consecutive years, running from the conclusion of the 45th Annual General Meeting (AGM) scheduled for September 30, 2026, until the conclusion of the 50th AGM in the financial year 2031-32. This follows the existing statutory auditors, Chaturvedi and Co. LLP., whose term will conclude upon the 45th AGM.

Senior Management Personnel (SMP) Appointments​

The Board, based on recommendations from the Nomination and Remuneration Committee, approved the appointment of ten officials into the category of Senior Management Personnel effective August 11, 2026.

The designated SMP include:

• Shri Ashok Kumar Chaturvedi, Executive Director (Corporate Affairs)
• Shri Mahindra Kumar Pareek, Executive Director (Plant Head)
• Shri Sanjay Joshi, Executive Director (Commercial)
• Shri Deepak Mishra, Executive Director (Accounts & Taxation)
• Shri Sudhakar Saraswat, President (Purchase)
• Shri Ashok Kumar Sharma, President (Accounts)
• Shri Deepak Dash, Sr. Vice President (Sirkaguttu Iron ore Mine)
• Shri Arun Kumar Singh, Vice President (Bhaskarpara Coal Mine)
• Shri Udai Singh, Assistant Vice President (HR & Admin)
• Shri Rajendran Rathinam, General Manager (Windmill Division)

Operational Update​

Regarding mining operations, the company reported extracting approximately 3.3 lakh MT of coal from its Bhaskarpara Coal Mine during the quarter. Prakash Industries has set a target of 1.2 million tonnes for the current financial year, which is aligned with the Environmental Clearance granted by the Ministry of Environment, Forest and Climate Change for increasing production capacity from 1.0 MTPA to 1.2 MTPA.

PRAKASH Stock Price Movement​

Prakash Industries Limited settled lower today, shedding 2.23% or ₹2.91 to close at ₹127.32. The stock saw a trading volume of 216,421 shares during the session.