Announced Tue, 26 Aug · 18:11 IST

Announcement under Regulation 30 (LODR) for appointment of Secretarial Auditor for 5 years

Management Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The board of Prismx Global Ventures Ltd, at its meeting on 26 August 2025, approved three items. First, M/s. HRU & Associates (Practising Company Secretary) was appointed as Secretarial Auditor for a 5-year term, from the current AGM to the AGM in FY 2030-31. Second, M/s. Pravin Chandak & Associates (Chartered Accountants, established 1997, Mumbai-based) was appointed as Statutory Auditor for a similar 5-year term. Third, two members of the promoter group — Dheeraj Shah (40.80 lakh shares, 0.93%) and Paresh Shah (16.00 lakh shares, 0.36%) — have been reclassified from 'promoter' to 'public' category under Regulation 31A, together moving 1.29% of shareholding out of the promoter bucket.

Likely market impact

This is largely a routine compliance update with no negative signals — auditors are fresh long-term appointments and no existing auditor has quit mid-term. The promoter-to-public reclassification of two small shareholders (combined ~1.29%) is a minor structural change and unlikely to materially affect stock price or governance perception.