Prime Capital Market Limited has announced key changes to its board composition following a board meeting held on December 27, 2025. The company has accepted the resignation of an Independent Director and simultaneously appointed a new Independent Director to fill the position.

Director Resignation

The board accepted the resignation of Mr. Gwal Das Vyas (DIN: 01319377) from his position as Independent Director, effective December 5, 2025. The resignation occurred due to the expiry of his second term of five years as an Independent Director.

Mr. Vyas also serves as an Independent Director at Scan Infrastructure Limited, where he holds membership in the Audit Committee and Stakeholders' Relationship Committee.

New Director Appointment

The board appointed Mr. Umang Bagaria (DIN: 10745203) as an additional Director, designated as Independent Director, effective December 5, 2025. The appointment was made on the recommendation of the Nomination & Remuneration Committee and remains subject to approval by members through EOGM or postal ballot rules.

Professional Background and Experience

Mr. Bagaria brings professional experience of approximately 10 years in the field of Accounting and Taxation matters. He holds a Bachelor of Commerce degree and currently serves as a director at Purbanchal Steel Limited. The new Independent Director has no existing relationship with the company or other directors and holds no shareholding in Prime Capital Market Limited.

Key aspects of his appointment include:

• Tenure: Five-year term not eligible for retirement by rotation
• Committee Memberships: None currently across public companies
• Recent Resignations: No resignations from other companies in the last three years
• Meeting Attendance: Not applicable as this is a new appointment

Regulatory Compliance

The board changes comply with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all required disclosures as mandated under Schedule III - Para A(7B) of Part A of the Listing Regulations and relevant SEBI circulars.

The board meeting commenced at 13:10 hours and concluded at 13:45 hours on December 27, 2025. The company has confirmed that there are no other material reasons for the resignation beyond those disclosed in the regulatory filing.

Prime Capital Market Limited , a financial services company, has reported a substantial increase in profitability for the first half of the fiscal year 2025-26. The company's unaudited financial results for the six months ended September 30, 2025, show impressive growth across key financial metrics.

Financial Highlights

Key Performance Indicators

Prime Capital Market Limited has demonstrated robust growth in its financial performance for the first half of FY26:

1. Profit Growth: The company's profit before tax surged to Rs 76.56 crore for the six months ended September 30, 2025, marking a significant increase from Rs 18.08 crore in the corresponding period of the previous year.

2. Asset Expansion: Total assets grew to Rs 1,806.61 crore as of September 30, 2025, compared to Rs 1,327.76 crore in the previous year, indicating a 36.06% increase in the company's asset base.

3. Loan Portfolio Growth: Loans advanced rose substantially to Rs 854.87 crore from Rs 376.14 crore, reflecting a 127.27% increase and suggesting an expansion in the company's lending activities.

4. Trade Receivables: The company reported trade receivables of Rs 272.71 crore, up from nil in the previous year, potentially indicating new revenue streams or changes in business operations.

5. Increased Borrowings: Borrowings saw a significant rise to Rs 576.05 crore from Rs 20.00 crore in the previous year, which may be linked to the expansion of the company's loan portfolio.

Management Commentary

The financial results were reviewed by the audit committee and approved by the board of directors on November 12, 2025. Adarsh Purohit, Managing Director of Prime Capital Market Limited, signed off on the financial statements.

Auditor's Review

Rajesh Kumar Gokul Chandra & Associates, the company's statutory auditors, conducted a limited review of the financial results. The auditors stated that nothing has come to their attention that causes them to believe that the financial statements do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

Outlook

While the company has shown impressive growth in profitability and asset base, the significant increase in borrowings may impact the company's financial leverage and risk profile.

Prime Capital Market Limited's strong performance in H1 FY26 positions it for potential continued growth in the financial services sector. However, as with all financial investments, stakeholders are advised to conduct their own due diligence and consider market conditions when making investment decisions.