Promax Power Share Price Today

Promax Power shareholders approve all six AGM resolutions unanimously

Promax Power shareholders unanimously approved all six AGM resolutions on September 30, 2026. M/s Prachi Lad & Associates appointed as Secretarial Auditors for FY26 to FY30. Voting results showed 100% support with zero votes against any resolution. All votes were cast by the promoter group; no public shareholders participated in e-voting.

Promax Power sets AGM for Sep 30; FY26 net profit falls 63% to ₹85.67 lakh

Promax Power schedules 9th AGM for September 30, 2026, in Chandigarh. FY26 net profit fell 63.4% YoY to ₹85.67 lakh despite record revenue. Revenue from operations grew 6.5% to ₹7,073.12 lakh, hitting an all-time high. Board proposes reappointment of key directors including MD Vishal Bhardwaj. No dividend declared for FY26; profits reinvested in core operations.

Promax Power FY26 net profit falls 63.4% to ₹85.67 lakh

Promax Power reported a 63.4% decline in FY26 net profit to ₹85.67 lakh, despite a 6.5% increase in revenue to ₹7,073.12 lakh. Total expenses rose to ₹7,012.62 lakh, driven by finance costs which increased to ₹249.24 lakh. The Board approved the audited results on May 30, 2026, with Manish Jain & Associates issuing an unmodified opinion.

Promax Power Appoints M/s. Manish Jain & Associates as Statutory Auditors via Postal Ballot

Promax Power Limited shareholders approved the appointment of M/s. Manish Jain & Associates, Chartered Accountants (FRN: 015608N) as Statutory Auditors through a postal ballot e-voting process, with the resolution passing on May 9, 2026 with 100.00% votes in favour. The appointment fills a casual vacancy arising from the resignation of M/s Raj Gupta & Co., and the new auditors will hold office till the conclusion of the ensuing Annual General Meeting. A formal Regulation 30 disclosure was filed with BSE Limited on May 11, 2026, by Managing Director Vishal Bhardwaj from Chandigarh.

Promax Power Limited Issues Postal Ballot Notice for Statutory Auditor Appointment

Promax Power Limited has issued a postal ballot notice for shareholder approval to appoint M/s. Manish Jain & Associates, Chartered Accountants as statutory auditors, replacing M/s Raj Gupta & Co. who resigned on December 05, 2025. The e-voting process runs from April 10 to May 09, 2026, with results expected by May 12, 2026. The new auditors bring 25 years of experience and will serve until the forthcoming AGM.

Promax Power Limited Submits Quarterly Compliance Certificate for Q4 FY26

Promax Power Limited submitted its quarterly compliance certificate under SEBI Regulation 74(5) for Q4 FY26 ended March 31, 2026. The certificate, issued by registrar Cameo Corporate Services Limited, confirms proper handling of dematerialized securities and compliance with regulatory requirements for maintaining updated shareholder records within prescribed timeframes.