Market Creators has announced the sad demise of Mr. Jayantilal Harkisondas Shah, who served as the company's Chief Financial Officer (CFO) and Director. The company reported that Mr. Shah passed away on November 23, 2025.

BSE Clarification on Filing Delay

On December 15, 2025, Market Creators submitted a clarification letter to BSE Limited addressing discrepancy remarks received for the corporate announcement filed under Regulation 30 of SEBI (LODR) Regulations, 2015. The BSE had noted that the material event was not disclosed within the mandatory 24-hour timeframe.

Company's Response to Compliance Issue

In its clarification letter, Market Creators explained that the delay occurred due to an inadvertent oversight in the timely filing of the disclosure under applicable provisions. The company emphasized several key points:

• Unintentional Delay: The delay was without any malafide intent
• Immediate Action: Upon becoming aware, the company took immediate corrective steps
• Compliance Commitment: Reaffirmed commitment to full compliance with SEBI regulations
• Internal Controls: Strengthening internal controls to ensure timely compliance going forward

Impact on the Company

In its official statement, Market Creators expressed that Mr. Shah's sudden and unexpected passing represents an irreparable loss to the organization. The company highlighted the significant contributions made by Mr. Shah during his tenure:

Regulatory Compliance Framework

As per Part A of Schedule III of SEBI (LODR) Regulations, 2015, changes in directors and key managerial personnel must be disclosed to stock exchanges within 24 hours of the occurrence of the event. The clarification was signed by Mr. Kalpesh Jayantilal Shah, Director (DIN: 00051760), demonstrating the company's commitment to addressing regulatory concerns promptly.

This development underscores the importance of timely regulatory compliance in corporate governance and the potential scrutiny companies face for delayed disclosures, even in sensitive circumstances such as the death of key personnel.

Market Creators , a company listed on the Bombay Stock Exchange (BSE: 526891), has released its financial results for the quarter and half-year ended September 30, 2025. The company's performance shows mixed results with a significant decline in quarterly revenue but a positive half-yearly profit.

Key Financial Highlights

All figures in ₹ lakhs

Quarterly Performance

Market Creators experienced a substantial decrease in revenue from operations for the quarter ended September 30, 2025. The company reported a revenue of ₹20.56 lakhs, significantly lower compared to the previous quarter's ₹228.72 lakhs. This sharp decline in revenue led to a net loss of ₹23.96 lakhs for the quarter.

Half-Yearly Results

Despite the weak quarterly performance, the company maintained a positive outlook for the half-year period. The revenue for H1 FY2026 stood at ₹260.60 lakhs, representing a decline from ₹418.81 lakhs reported in the same period last year. Notably, Market Creators achieved a net profit of ₹21.69 lakhs for the half-year, indicating that the first quarter's performance may have offset the losses incurred in the second quarter.

Balance Sheet Overview

The company's total assets saw a marginal increase to ₹4,232.80 lakhs from ₹4,214.40 lakhs in the previous quarter. Market Creators maintains a strong liquidity position with cash and cash equivalents of ₹1,254.64 lakhs, which could provide a buffer against short-term financial challenges.

Investor Relations

The company reported no pending investor complaints at the beginning or end of the quarter, which is a positive sign for its investor relations management.

Corporate Governance

As per the LODR (Listing Obligations and Disclosure Requirements) data, the Board of Directors meeting was held on November 10, 2025, where they approved the audited financial results for the quarter and half-year ended September 30, 2025. The meeting commenced at 4:00 PM and concluded at 4:15 PM, demonstrating the company's commitment to timely disclosure of financial information.

Conclusion

Market Creators faces challenges in maintaining consistent quarterly performance, as evidenced by the significant revenue decline and loss in Q2 FY2026. However, the positive half-yearly profit and strong cash position suggest that the company may have the resources to navigate through this period of volatility. Investors and market observers will likely keep a close watch on the company's performance in the coming quarters to assess its ability to return to a growth trajectory.