Prismx Global Ventures Limited shareholders have approved the appointment of Ravindra Bhaskar Deshmukh as Executive Director and the re-appointment of two independent directors. The decisions were taken at a meeting held on September 29, 2026, to ensure continued leadership stability.

The company filed an intimation with BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filings confirm that the board recommended these changes, which were subsequently ratified by the shareholders.

Board Composition Changes

The shareholder approval covers three key directorial roles. Mr. Deshmukh has been appointed as an Executive Director despite having attained the age of seventy years. Additionally, Ms. Ankita Hasmukhdas Sethi and Mr. Sandeep Kumar Sahu have been re-appointed as Independent Directors for their second terms.

All three appointments carry a term of five years. The filing notes that none of the directors are related to each other, and none are debarred from holding office by any regulatory authority.

Secretarial Auditor Appointment

In a separate resolution, shareholders approved the appointment of M/s. Jay Bhatt & Associates as the secretarial auditor. The firm will serve for a period of five years, holding office from the conclusion of this Annual General Meeting until the conclusion of the AGM in FY32.

M/s. Jay Bhatt & Associates is a practicing company secretary firm registered with The Institute of Company Secretaries of India (ICSI). They possess experience in secretarial compliances, including matters related to the Companies Act, SEBI regulations, and stock exchange requirements.

Leadership Profiles

Mr. Deshmukh brings decades of experience in technology, business operations, and policy implementation. Ms. Sethi is a qualified Company Secretary with expertise in compliance and corporate governance. Mr. Sahu holds a background in accounts, finance, taxation, and business development.

Prismx Global Ventures has scheduled its 53rd Annual General Meeting for September 29, 2026, at 12:30 pm. The meeting will address the adoption of financial statements for FY26 and several special resolutions regarding board composition and business diversification.

The company has commenced dispatching the annual report. The cut-off date for voting on AGM resolutions is September 22, 2026. Remote e-voting will commence on September 26, 2026, at 9:00 am and conclude on September 28, 2026, at 5:00 pm.

Board Appointments and Re-appointments

Shareholders will vote on the re-appointment of Ms. Priyanka Ramesh Shetye as a Non-Executive Non-Independent Director by rotation. Additionally, the meeting will consider the re-appointment of Mr. Ravindra Bhaskar Deshmukh as Executive Director despite him having attained the age of seventy years.

Mr. Deshmukh’s appointment requires a special resolution under Section 196(3)(a) of the Companies Act, 2013. The Nomination and Remuneration Committee cited his experience in corporate governance and finance as justification for his continued role. His remuneration is capped at ₹10 lakh per annum for a five-year term effective from September 29, 2026.

Independent Director Renewals

The agenda includes the re-appointment of two independent directors for their second five-year terms:

Both directors meet the independence criteria under Section 149(6) of the Act and SEBI LODR Regulations. Their re-appointments follow recommendations from the Nomination and Remuneration Committee based on their expertise in compliance, finance, and taxation.

Strategic Business Expansion

A key special resolution proposes altering Clause III A of the Memorandum of Association. The new main object clause will permit the company to:

• Sell, purchase, and deal in all types of shares and securities.
• Lend and advance money or provide credit to individuals, firms, and micro-entities.
• Borrow funds through bonds, debentures, or loans to support lending operations.
• Trade in commodities including gold, silver, pearls, gems, and diamonds.

This expansion marks a significant pivot from the company's existing operations, aiming to capitalize on diverse market segments.

Related Party Transactions and Auditors

The Board seeks approval for related party transactions with M/s. Tmart Platform India Private Limited, Mr. Ravindra Bhaskar Deshmukh, his son Mr. Salil Deshmukh, and Ms. Priyanka Ramesh Shetye. The limit for transactions with each related party is set at ₹1 crore.

Additionally, shareholders will appoint M/s. Jay Bhatt And Associates as Secretarial Auditor for five years, covering FY27 to FY31. The firm will conduct secretarial audits in compliance with Section 204 of the Companies Act, 2013.