Praveg Ltd — Updates, 30-05-2025: Company Update

Praveg Limited has announced a board meeting outcome approving the financial results for the quarter and half-year ended March 31, 2025, with an unmodified audit opinion. A final dividend of Rs. 1 per share (10% on face value of Rs. 10) was approved for the financial year. The tenure of existing statutory auditors M/s. B. K. Patel & Co. is ending, with M/s. KPSJ & Associates LLP proposed as new auditors for five years, subject to shareholder approval. Additionally, M/s. ALAP & Co. LLP and M/s. Paresh Parekh & Co. were appointed as secretarial and internal auditors respectively for five years. The Board granted 1,512 stock options to an employee under the ESOP 2024 plan with a defined vesting schedule.