We hereby submitting the Notice of EOGM to be held on 26th March, 2026 for Reclassification of persons forming part of Promoter/Promoter group from Promoter & Promoter group category to ....
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Awaiting price reaction for this filing.
Prismx Global Ventures has called an Extraordinary General Meeting on 26th March 2026 to seek shareholder approval for reclassifying two members — Mr. Dheeraj Shah (0.93% stake, 40.80 lakh shares) and Mr. Paresh Shah (0.36% stake, 16 lakh shares) — from the 'Promoter and Promoter Group' category to the 'Public' category under SEBI Regulation 31A. The company received BSE's no-objection certificate on 27th January 2026, and the original application from the outgoing promoters was made on 2nd July 2025. If approved, the promoter group holding will drop from 1.29% to 0%, and the public category will rise from 98.71% to 100% of paid-up capital. E-voting will run from 23rd to 25th March 2026, with 19th March as the cut-off date.
This is largely a technical reclassification with no change in actual shareholding — the same 1.29% stake just shifts from 'promoter' to 'public' label. For shareholders, it signals that the outgoing promoters had no management role or control, which means the remaining promoter group holds zero equity and the company is effectively entirely in public hands. Minimal direct impact on stock price expected.