Prismx Global Ventures reported a sharp contraction in profitability for the first quarter of fiscal year 2027, with standalone net profit declining 74.5% year-on-year to ₹37.359 lakhs. The Mumbai-based company’s Board of Directors approved the unaudited financial results on August 7, 2026, revealing that total revenue from operations plummeted to ₹23.239 lakhs from ₹556.424 lakhs in the corresponding quarter of the previous year. This significant downturn was primarily attributed to the complete absence of revenue from its Commodity Trading Business segment, which had contributed substantially to prior-year performance.

Standalone Financial Performance

The company’s operational income fell drastically, reflecting the halt in trading activities. While the Finance Business segment generated ₹23.239 lakhs in income, it operated at a minimal margin compared to the broader revenue base lost from trading. Other income contributed ₹51.949 lakhs, helping to cushion the overall revenue drop but insufficient to offset the operational decline. Total expenses were controlled at ₹25.263 lakhs, down significantly from ₹428.687 lakhs in Q1 FY26, largely due to the cessation of stock purchases and related inventory changes.

Despite the drop in operational profitability, the company reported a total comprehensive income of ₹1,208.897 lakhs for the quarter. This figure was heavily influenced by fair value changes of equity instruments through Other Comprehensive Income (OCI), which added ₹1,171.538 lakhs. This non-cash gain contrasts sharply with the previous quarter’s comprehensive loss of ₹739.997 lakhs, highlighting the volatility of the company’s investment portfolio.

Segment and Consolidated Results

On a consolidated basis, which includes wholly-owned subsidiary Tmart India Private Limited, net profit attributable to owners stood at ₹36.116 lakhs. The Trading Business segment reported no revenue and a slight loss of ₹1.256 lakhs on a consolidated segment result basis, while the Finance Business segment posted a profit of ₹23.199 lakhs. Capital employed on a standalone basis increased slightly to ₹8,879.633 lakhs as of June 30, 2026, from ₹8,677.370 lakhs a year earlier.

Auditor Review and Compliance

The statutory auditors, M/s. Pravin Chandak & Associates (FRN: 116627W), issued an unmodified limited review report on the unaudited standalone and consolidated financial results. The audit committee reviewed and recommended the results prior to board approval. The financial statements were prepared in accordance with Indian Accounting Standards (Ind-AS) under Section 133 of the Companies Act, 2013.

In addition to approving the results, the Board appointed M/s. Jay Bhatt and Associates, represented by Mr. Jay Bhatt (Membership No. 46916, COP No. 28320), as the Secretarial Auditor for the financial year 2026-27. The firm specializes in corporate laws and SEBI regulations. There is no relationship between the Secretarial Auditor and the Directors of the Company.

Prismx Global Ventures Limited disclosed that its Secretarial Auditor, M/s HRU & Associates, has resigned effective June 12, 2026. The resignation was submitted via a letter dated June 12, 2026, citing other pre-occupations in other assignments as the reason for the departure. The company confirmed that the resignation was accepted with immediate effect and that there were no material reasons or concerns raised by the auditor regarding the management of the company.

The resignation was intimated to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing noted that the Audit Committee and the Board of Directors will consider the appointment of a new secretarial auditor in due course. The company stated that the new appointment would be intimated to the exchange once finalized.

The outgoing auditor, M/s HRU & Associates, was serving as the Practicing Company Secretaries for the financial year 2025-26. The firm provided its Membership No. 46800 and Certificate of Practice (COP) No. 20259 in the regulatory filing. The resignation letter addressed to the Board of Directors specifically requested the acceptance of the resignation from the financial year 2025-26 due to personal reasons and the current situation.

The following table details the specifics of the resignation event as provided in the regulatory filing: