Prism Finance reported a widened net loss of ₹354.35 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹101.75 lakh in the previous year. Total revenue from operations declined to ₹526.33 lakh from ₹571.86 lakh in FY25, driven by a reduction in gains from the derecognition of financial instruments. The company’s total income for the year stood at ₹562.45 lakh, down from ₹571.89 lakh in the prior year.

Financial Performance

The company’s expenses increased to ₹949.90 lakh in FY26 from ₹842.41 lakh in the previous year. A significant component of the expenses was a net loss on the derecognition of financial instruments under the amortised cost category, which amounted to ₹351.22 lakh, up from ₹321.07 lakh in FY25. Additionally, net loss on fair value changes rose to ₹481.57 lakh from ₹375.25 lakh in the corresponding period last year.

Key Metrics

The basic and diluted earnings per share (EPS) for the year worsened to a loss of ₹5.45 per share, compared to a loss of ₹1.57 per share in FY25. The company’s paid-up equity share capital remained constant at ₹650.03 lakh. Reserves excluding revaluation reserves decreased to ₹1,208.25 lakh as of March 31, 2026, from ₹1,562.60 lakh in the previous year.

Board Approvals and Appointments

The Board of Directors approved the standalone audited financial results for FY26 in a meeting held on May 29, 2026. The statutory auditors, M/s. H K Shah & Co., issued an unmodified opinion on the audited financial results. Additionally, the board appointed M/s. Kashyap R. Mehta & Partners, Company Secretaries, as the new secretarial auditors to fill a casual vacancy caused by the resignation of the previous auditor. The new firm will hold office until the date of the ensuing Annual General Meeting.

Asset and Liability Position

The company’s total assets decreased to ₹1,911.94 lakh as of March 31, 2026, from ₹2,369.01 lakh in the previous year. Investments decreased significantly to ₹1,641.46 lakh from ₹2,228.01 lakh. Total equity and liabilities stood at ₹1,911.94 lakh, with total equity attributable to owners of the parent at ₹1,858.28 lakh, down from ₹2,212.63 lakh in FY25.

Prism Finance Limited has informed BSE Limited of the resignation of its Secretarial Auditors, M/s. Nishant Pandya & Associates, Practising Company Secretaries, with immediate effect from the Financial Year 2025-26 onwards. The intimation, dated 6th May, 2026, was filed in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III of the Listing Regulations.

Resignation Details

M/s. Nishant Pandya & Associates submitted their resignation letter on 6th May, 2026, citing personal reasons for their decision to step down. The firm confirmed that there are no other material reasons for the resignation and expressed no objection to the appointment of any other Secretarial Auditor by the company.

The key details of the resignation, as disclosed under Regulation 30 of the Listing Regulations, are summarised below:

Regulatory Compliance

The disclosure was made by Karan Gupta, Company Secretary and Compliance Officer (ACS-53265) of Prism Finance Limited, on behalf of the company. The intimation was addressed to BSE Limited and accompanied by the resignation letter from M/s. Nishant Pandya & Associates as well as the mandatory disclosure under Annexure 1, as required under the applicable SEBI regulations. The company has requested BSE Limited to take note of the development in its records.