Announcement under Regulation 30 for approval of reclassification of promoter or promotor category
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Prismx Global Ventures Ltd's board, at its meeting on August 26, 2025, approved three key items. First, it appointed M/s. Pravin Chandak & Associates (Chartered Accountants) as the new Statutory Auditor for a 5-year term. Second, it re-appointed M/s. HRU & Associates (Practising Company Secretary) as Secretarial Auditor for another 5-year term, running until the FY 2030-31 AGM. Third, it approved the reclassification of two shareholders — Dheeraj Shah (40,80,818 shares, 0.93%) and Paresh Shah (16,00,000 shares, 0.36%) — from the promoter category to public shareholding, a combined 1.29% of shareholding. Both shareholders had originally requested this reclassification on July 2, 2025.
For shareholders, the promoter reclassification slightly increases the public float by about 1.29%, which could marginally improve liquidity but is too small to materially move the stock price. The new statutory auditor appointment is a routine governance event, though investors may want to monitor the new auditor's track record over the coming quarters.