The Board has approved the resignation of Company Secretary of the Company
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Awaiting price reaction for this filing.
Prithvi Exchange's Board met on August 8, 2025 and approved several items. Q1 FY26 standalone revenue from operations was Rs. 45.63 crore with profit after tax of Rs. 113.46 lakhs (down from Rs. 435.46 lakhs in Q1 FY25), and EPS of Rs. 1.38 vs Rs. 5.28 a year ago. Mr. Pavan Kumar Kavad was reappointed as Managing Director for a 5-year term (Sept 2025 to Sept 2030), subject to shareholder approval. Ms. Rashmi Surana was appointed as an Independent Director for 5 years. Ms. Nithyasree P G resigned as Company Secretary and Compliance Officer effective September 13, 2025, citing personal reasons. The Board also approved ESOP Scheme 2025 with a pool of 4,34,200 stock options, and fixed September 2, 2025 as the record date for the FY25 dividend, with the AGM scheduled for September 9, 2025.
The Q1 results show a sharp year-on-year drop in both revenue and profits, which may weigh on short-term sentiment. The leadership changes are largely routine — MD reappointment ensures continuity, the Company Secretary exit is for personal reasons and a successor is yet to be named, while the new ESOP pool (about 10% of equity) could lead to mild dilution in the future.