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Praveg MD, chairman, board of directors and AGM

NSE: PRAVEGBSE: 531637Leisure ServicesSmall Cap

Last close ₹218.51down ₹9.52 (4.17%)BSE ₹219.10

Share price at the NSE close on 23 Oct 2026. Previous close ₹228.03.

52-week range of BSE trades to 23 Oct 2026
₹175.00Low, 30 Mar 2026₹361.80High, 17 Dec 2025
Market cap
₹571 Cr1,707th largest listed
P/E
Lossover the last 12 months
P/B
1.3
Dividend yield
0.23%
ROE
−4.1%
ROCE
0.6%
Debt to equity
0.13
Volume, NSE
34,33152.5% delivered

Praveg board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorVishnukumar Vitthaldas PatelRelated to the promoter
  • Company Secretary and Compliance OfficerMukesh Chaudahry

8 directors4 independent2 executive2 non-executive

  • Vishnukumar Vitthaldas Patel · Chairperson and managing directorExecutive · joined Jan 2020 · reappointed Feb 2026 · 2 listed boards · 1 committee seat
  • Bijal Kiran ParikhNon-executive · joined Aug 2023 · reappointed Feb 2026 · 2 listed boards · 2 committee seats
  • Kalpesh Ramanlal PatelNon-executive · joined Aug 2024 · 1 listed board
  • Alpeshkumar Parshottambhai PatelExecutive · joined Aug 2024 · 1 listed board
  • Pooja Hemang KhakhiIndependent · joined May 2023 · reappointed May 2023 · 37 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 1 as chair
  • Rajendrakumar Chaturbhai PatelIndependent · joined Aug 2020 · reappointed Aug 2025 · 70 months as independent · 2 listed boards · 2 as independent · 4 committee seats
  • Dilipkumar Chunilal PatelIndependent · joined Aug 2024 · reappointed Aug 2024 · 22 months as independent · 1 listed board · 1 as independent
  • Ajit Kumar PandaIndependent · joined Aug 2020 · reappointed Aug 2025 · 70 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • Keyoor Madhusudan Bakshi, left 1 Mar 2026: Tenure Completion
  • Bhumit Vinodkumar Patel, left 1 Jan 2026: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 29 May 20267 of 8 present3 independent · 105 days in between
    • 12 Feb 20268 of 9 present4 independent

  • Audit Committee

    Chair Ajit Kumar Panda

    Rajendrakumar Chaturbhai Patel, Bijal Kiran Parikh, Pooja Hemang Khakhi

    • 29 May 20263 of 3 present2 independent · 105 days in between
    • 12 Feb 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Rajendrakumar Chaturbhai Patel

    Ajit Kumar Panda, Bijal Kiran Parikh

    • 29 May 20263 of 3 present2 independent · 105 days in between
    • 12 Feb 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Ajit Kumar Panda

    Rajendrakumar Chaturbhai Patel, Bijal Kiran Parikh

    • 12 Feb 20263 of 3 present2 independent

  • Risk Management Committee

    Chair Bijal Kiran Parikh

    Rajendrakumar Chaturbhai Patel, Vishnukumar Vitthaldas Patel, Dharmendra Manilal Soni

    • 6 Feb 20263 of 3 present2 independent

  • Corporate Social Responsibility Committee

    Chair Vishnukumar Vitthaldas Patel

    Rajendrakumar Chaturbhai Patel, Bijal Kiran Parikh

    No meeting listed in the filing.

  • Independent Director Committee

    Chair Ajit Kumar Panda

    Rajendrakumar Chaturbhai Patel, Pooja Hemang Khakhi, Dilipkumar Chunilal Patel

    • 30 Mar 20264 of 4 present4 independent · 51 days in between

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • KPSJ & ASSOCIATES LLPPeer-review certificate valid to Jun 2026
1 earlier auditor
  • B K Patel & Co.Named in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Praveg AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Praveg dividend history

Annual general meeting, 25 Sep 2026

43,172 shareholders on the register on 18 Sep 2026; present: 5 promoters and 39 others; votes counted by Anand S. Lavingia / Prasad and Partners LLP.The company's voting result (opens in a new tab)

  1. To consider and adopt (a) the audited standalone financial statement of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon; and (b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2026 and the report of Auditors thereonMoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.56%

    Turnout: all 49.07% · promoters 99.94% · institutions 0.00% · other public 6.01%

  2. To declare a final dividend on equity shares for the financial year ended March 31, 2026
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.56%

    Turnout: all 49.07% · promoters 99.94% · institutions 0.00% · other public 6.01%

  3. To appoint Mr. Vishnukumar Vitthaldas Patel (DIN: 02011649), who retires by rotation as a Director of the Company
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.57%

    Turnout: all 49.07% · promoters 99.94% · institutions 0.00% · other public 6.01%

  4. To appoint Mr. Alpeshkumar Parshottambhai Patel (DIN: 00074091), who retires by rotation as a Director of the Company
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.57%

    Turnout: all 49.07% · promoters 99.94% · institutions 0.00% · other public 6.01%

  5. Continuation of Mr. Rajendrakumar Chaturbhai Patel (DIN: 06532676) as a Non-Executive Independent Director of the Company beyond the age of 75 years
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.56%

    Turnout: all 49.07% · promoters 99.94% · institutions 0.00% · other public 6.01%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 21 Aug 2026, 3 resolutions

43,658 shareholders on the register on 14 Aug 2026; present: 6 promoters and 24 others; votes counted by Anand Lavingia / ALAP & Co. LLP.The company's voting result (opens in a new tab)

  1. To approve amendments to Loan Agreements
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 48.85% · promoters 99.94% · institutions 0.00% · other public 5.60%

  2. To approve the issuance of equity shares to promoter and promoter's group on conversion of existing Unsecured Inter Corporate Loan
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 48.85% · promoters 99.94% · institutions 0.00% · other public 5.60%

  3. Issuance of Warrants Convertible into Equity Shares of the Company on a Preferential Basis
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 48.85% · promoters 99.94% · institutions 0.00% · other public 5.60%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 2 Dec 2025, 1 fund house

  • To give loan(s) in one or more tranches including loan represented by way of book debt (the Loan) to, and/or giving of guarantee(s), and/or providing of security(ies) in connection with any Loan taken/to be taken by Abhik Advertising Private Limited (AAPL) or by any entity which is a Subsidiary or Associate or Joint Venture or group entity of the Company or any other person in which any of the Directors of the Company is deemed to be interested as specified in the explanation to sub-section 2 of section 185 of the Act (collectively referred to as the Entities), of an aggregate amount not at any time exceeding Rupees 15.00 Crores, in its absolute discretion deem beneficial and in the best interest of the Company.MoreLess
    Against LIC Mutual Fund
    • LIC Mutual FundNon-compliant w.r.t Companies Act, 2013: Non-disclosure of full particulars of the Loan/ Guarantee/ Security as required under Section 185 of Companies Act, 2013. Governance concern: Enabling Approval with Inadequate disclosures. Transparency Concern: Inadequate Disclosures w.r.t interest of Directors in relevant entities in the Notice.
    0 for1 against

Mutual fund votes, meeting of 12 Aug 2025, 1 fund house

  • Appointment of M/s. ALAP and Co. LLP, Practising Company Secretaries (Firm Registration No. L2023GJ013900), a peer reviewed firm as the Secretarial Auditors of the Company to hold office for a period of five consecutive financial years commencing from FY 2025-26 to FY 2029 30, to conduct the secretarial audit of the Company on such remuneration as may be mutually agreed upon between the Board of Directors of the Company and the Secretarial Auditors from time to time.MoreLess
    Against LIC Mutual Fund
    • LIC Mutual FundTransparency concern: There is no clarity whether the board is compliant under section 152 of Companies Act, 2013 or not. The proposed Secretarial auditor, being the existing secretarial auditor, has not made any observations or remarks regarding the lack of clarity on this matter.
    0 for1 against
  • To appoint KPSJ and Associates LLP, Chartered Accountants (FRN: 124845W/W100209) as Auditors of the Company for a term of 5 (five) consecutive years from the conclusion of this Annual General Meeting till the conclusion of the sixth Annual General Meeting from this Annual General Meeting, at such remuneration as shall be fixed by the Board of Directors of the Company.MoreLess
    Against LIC Mutual Fund
    • LIC Mutual FundNo concern on the profile of the proposed auditors. Non-Compliant with Regulation 36(5) of SEBI LODR: Proposed audit fee payable to Statutory Auditors is not disclosed. Material change in Audit Fee cannot be ascertained.
    0 for1 against
  • To appoint Mr. Kalpeshkumar Patel (DIN: 02493068), who retires by rotation as a Director of the Company.
    1 for0 against
  • To approve the proposal for entering into Material Related Party Transaction(s) between the Company and Abhik Advertising Private Limited (AAPL), for Giving of Loans and/or Providing Guarantees and/or Providing Securities for an amount not exceeding upto INR 25.00 Crores during the period from this annual general meeting to next annual general meeting of the company, on an arm’s length basis and in the ordinary course of business of the Company.MoreLess
    Against LIC Mutual Fund
    • LIC Mutual FundGovernance & Transparency concern: Inadequate disclosure regarding arms arms-length pricing; Justification required for choosing interest rates of government securities, which inherently stay low irrespective of market conditions. Further, contributions to be made by other shareholders are not disclosed.
    0 for1 against
  • To approve the proposal for entering into Material Related Party Transaction(s) between the Company and Praveg Safaris Tanzania Limited (PSTL), for Giving of Loans and/or Providing Guarantees and/or Providing Securities, for an amount not exceeding the limits upto INR 50.00 Crores during the period from this annual general meeting to next annual general meeting of the company, on an arm’s length basis and in the ordinary course of business of the Company.MoreLess
    1 for0 against
  • To consider and adopt (a) the audited standalone financial statement of the Company for the financial year ended March 31, 2025 and the reports of the Board of Directors and Auditors thereon, and (b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2025 and the report of Auditors thereon.MoreLess
    1 for0 against
  • To declare a final dividend at the rate of Re. 1/- per equity share of Rs. 10/- each fully paid-up of the Company, as recommended by the Board of Directors at their Board Meeting held on May 30, 2025 for the financial year ended March 31, 2025.MoreLess
    1 for0 against
  • To give loan(s) in one or more tranches including loan represented by way of book debt (the Loan) to, and/or giving of guarantee(s), and/or providing of security(ies) in connection with any Loan taken/to be taken by Abhik Advertising Private Limited (AAPL) or by any entity which is a Subsidiary or Associate or Joint Venture or group entity of the Company or any other person in which any of the Directors of the Company is deemed to be interested as specified in the explanation to sub-section 2 of section 185 of the Act (collectively referred to as the Entities), of an aggregate amount not at any time exceeding Rupees 40.00 Crores, in its absolute discretion deem bene?cial and in the best interest of the Company.MoreLess
    Against LIC Mutual Fund
    • LIC Mutual FundGovernance and Transparency Concern: Enabling approval without specific details of other entities and terms and conditions of the facilities to be extended.
    0 for1 against
  • To give loan(s) in one or more tranches including loan represented by way of book debt (the Loan) to, and/or giving of guarantee(s), and/or providing of security(ies) in connection with any Loan taken/to be taken by Praveg Safaris Tanzania Limited (PSTL) or by any entity which is a Subsidiary or Associate or Joint Venture or group entity of the Company or any other person in which any of the Directors of the Company is deemed to be interested as specified in the explanation to sub-section 2 of section 185 of the Act (collectively referred to as the Entities), of an aggregate amount not at any time exceeding Rupees 50.00 Crores, in its absolute discretion deem beneficial and in the best interest of the Company.MoreLess
    Against LIC Mutual Fund
    • LIC Mutual FundGovernance and Transparency Concern: Enabling approval without specific details of other entities and terms and conditions of the facilities to be extended.
    0 for1 against
4 earlier meetings

Mutual fund votes, meeting of 2 May 2025, 1 fund house

  • Reappointment of Mr. Ajit Kumar Panda (DIN: 07123718), as an Independent Director, not liable to retire by rotation and to hold office for a second term of 5 (five) consecutive years, i.e., upto August 21, 2030.MoreLess
    Against LIC Mutual Fund
    • LIC Mutual FundConcerns over prolonged association with company.
    0 for1 against
  • Reappointment of Mr. Rajendrakumar Chaturbhai Patel (DIN: 06532676), as an Independent Director, not liable to retire by rotation and to hold office for a second term of 5 (five) consecutive years, i.e., upto August 21, 2030.MoreLess
    1 for0 against
  • To approve the proposal for entering into Material Related Party Transaction(s) between the Company and Fourth Pillar Construction upto INR 20.00 crores for Sale or purchase of goods or services during the period of financial year 2025- 26, on an arm’ s length basis and in the ordinary course of business of the Company.MoreLess
    Against LIC Mutual Fund
    • LIC Mutual FundDue to insufficient clarity, the basis for determining whether the transaction was conducted at arm s length remains uncertain.
    0 for1 against
  • To approve the proposal for entering into Material Related Party Transaction(s) between the Company and Jhaveri Credits and Capital Limited (JCCL) upto INR 45.00 Crores for receiving of Loans and/ or guarantees and/ or securities during the period F. Y. 2025- 26, on an arm’ s length basis and in the ordinary course of business of the Company.MoreLess
    1 for0 against

Mutual fund votes, meeting of 11 Feb 2025, 2 fund houses

  • Revision in Remuneration payable to Mr. Alpeshkumar Patel (DIN: 00074091) as a Executive Director of the Company.
    2 for0 against

Mutual fund votes, meeting of 30 Sep 2024, 1 fund house

  • Appointment of Mr. Kalpeshkumar Patel (DIN: 02493068) as a Non- Executive Director of the Company, liable to retire by rotation.
    1 for0 against
  • To appoint Mr. Alpeshkumar Patel (DIN: 00074091) as an Executive Director of the Company for a period of five (5) years w. e .f. August 10, 2024 and including remuneration.
    1 for0 against
  • To appoint Mr. Dilipkumar Patel (DIN: 00473816) as an Independent Director of the Company, not liable to retire by rotation to hold office for 5 (five) consecutive years from August 10, 2024 up to August 9, 2029 (both days inclusive).MoreLess
    1 for0 against
  • To appoint Mr. Vishnukumar Patel (DIN: 02011649) who retires by rotation as a Director of the Company.
    1 for0 against
  • To approve the proposal for entering into Material Related Party Transaction(s) between the Company and Jhaveri Credits and Capital Limited (JCCL) for Receiving of Loans and/ or guarantees and/ or securities, for amount of transaction upto INR 50.00 Crores.MoreLess
    1 for0 against
  • To approve the proposal for entering into Material Related Party Transaction(s) between the Company and Praveg Safaris Tanzania Limited (PSTL), for Giving of Loans and/ or Providing Guarantees and/ or Providing Securities, for an amount of transaction upto INR 50.00 Crores.MoreLess
    1 for0 against
  • To consider and adopt (a) the audited standalone financial statement of the Company for the financial year ended March 31, 2024 and the reports of the Board of Directors and Auditors thereon and (b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2024 and the report of Auditors thereon.MoreLess
    1 for0 against
  • To declare a final dividend at the rate of Re. 1/- per equity share of Rs. 10/- each fully paid- up of the Company, as recommended by the Board of Directors at their Board Meeting held on May 27, 2024 for the financial year ended March 31, 2024 and the same be paid out of the profits of the Company for the financial year ended March 31, 2024.MoreLess
    1 for0 against
  • To give loan(s) in one or more tranches including loan represented by way of book debt (the Loan) to, and/ or giving of guarantee(s), and/ or providing of security (ies) in connection with any Loan taken/ to be taken by Praveg Safaris Tanzania Limited (PSTL) or by any entity which is a Subsidiary or Associate or Joint Venture or group entity of the Company or any other person in which any of the Directors of the Company is deemed to be interested as specified in the explanation to sub-section 2 of section 185 of the Act (collectively referred to as the Entities), of an aggregate amount not at any time exceeding Rupees 50.00 Crores.MoreLess
    Against Tata Mutual Fund
    • Tata Mutual FundLoan to susidiary Praveg Safaris Tanzania limited is compliant. Whereas loans to any entity where director of the company are interested is an open ended resolution.
    0 for1 against

Mutual fund votes, meeting of 30 Apr 2024, 1 fund house

  • Approval of Employee Stock Option Plan - 2024 for the Eligible Employees of the Subsidiary Company (ies) of the Company.
    1 for0 against
  • Approval of Praveg Employee Stock Option Plan 2024 (ESOP 2024/ Plan).
    1 for0 against
  • To create, issue, offer and allot up to 13,43,024 Equity Shares of Rupees 10/- each, on a preferential basis (Preferential Issue), to the Proposed Allottees, at an issue price of Rupees 955/- per equity share including Security Premium of Rupees 945/- per equity share.MoreLess
    1 for0 against
  • To offer, issue and allot 8,56,976 warrants, at a price of Rupees 955.00/- each payable in cash (Warrants Issue Price), aggregating to Rupees 81,84,12,080, convertible into, or exchangeable for, 1 (one) fully paid-up equity share of the Company of face value of Rupees 10.00/- each in one or more tranches on preferential basis.MoreLess
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Fines and tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyOffice of State tax officer (GST), KeralaSince 20 May 2026

    Order passed under Section 129(3) of the GST Act

    The Company is alleged to have Transportation of taxable goods without proper documents with contravention Rule 138 Rule 46 Rule 48 read with Section 31 of the CGST act 2017.
  • Tax disputeDeputy State Tax Office, Roving Squad-V, Chengalpattu Intelligence.Since 18 Dec 2024
    The Appellate Deputy Commissioner (S.T.), Goods and Service Tax, Chengalpattu vide Order dated June 05, 2026 passed under IGST Act 2017, has substantially allowed the Company's appeal and determined the liability at Rs. 20,000/- only.MoreLess
    At the filing before: Appeal has been submitted against order for set out of disputed amount of Rs. 17,83,112/-.
  • Tax disputeOffice of the Assistant Commissioner, Division-III, Daman, Vadodara Commissionerate, CBIC, State/UT: Dadra and Nagar Haveli and Daman and DiuSince 20 Aug 2025
    The Office of the Assistant Commissioner, Division-III, Daman, Vadodara Commissionerate, CBIC, vide Order dated June 03, 2026 passed under Sections 74 and 122 of the Central Goods and Services Tax Act, 2017, has concluded the proceedings initiated pursuant to the aforesaid Show Cause Notice. No tax demand, interest, penalty or any other liability has been imposed on the Company. Accordingly, the financial implication arising from the matter is Nil and the proceedings stand disposed of.MoreLess
    At the filing before: Show Cause Notice issued under Section 74(1) read with Section 122 of the Central Goods and Services Tax Act, 2017 alleging wrongful availment of Input Tax Credit relating to construction of immovable property, being blocked credit under Section 17(5) of the CGST Act, 2017. The Company had disclosed a potential financial implication of up to Rs. 2,46,55,446/-.MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Dec 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesMay 2024, checked by Crisil Ratings Limited143.94Project Expansion and Development128.77128.77No
Preferential IssuesMay 2024, checked by Crisil Ratings Limited143.94Loan and / or Investment in subsidiaries of the Company for their business activities0.170.17No
Preferential IssuesMay 2024, checked by Crisil Ratings Limited143.94For General Corporate Purposes15.0015.00No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.