Prismx Global Ventures has received regulatory approval from BSE Limited for the reclassification of two promoters from the promoter category to public category under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The approval was granted on January 27, 2026, following the company's application submitted on October 24, 2025.

Reclassification Details

The BSE approval covers the reclassification of Mr. Dheeraj Shah and Mr. Pares Shah, who will transition from their current promoter status to public shareholders. The exchange granted its no-objection through letter No. LIST/COMP/HG/687/2025-26 dated January 27, 2026.

Regulatory Compliance Process

The reclassification process follows the stringent requirements under Regulation 31A of SEBI LODR Regulations. Prismx Global Ventures will now take necessary steps including calling a shareholders' meeting to seek approval for the reclassification matter as mandated by the regulations.

The company has committed to ensuring compliance with all subsequent relevant disclosures of material events related to this reclassification in accordance with the applicable provisions of Regulation 31A.

Timeline and Documentation

The entire process began with the company's application submission on October 24, 2025, and culminated with BSE's approval on January 27, 2026. The exchange has noted that the company must maintain careful adherence to disclosure timelines for future compliance matters.

Company Secretary Monali Bohra signed the compliance documentation on January 28, 2026, formally notifying the exchange of the receipt of approval and outlining the next steps in the reclassification process.

Impact on Shareholding Structure

The reclassification will result in a combined 56.80 lakh shares, representing 1.29% of the total shareholding, moving from the promoter category to public category. This transition reflects the company's evolving ownership structure while maintaining compliance with regulatory frameworks governing listed entities.

Prismx Global Ventures Limited , a company listed on the Bombay Stock Exchange (BSE), has initiated the process to reclassify two of its promoters to the public category. This move, announced through a regulatory filing, marks a significant change in the company's shareholding structure.

Key Details of the Reclassification Application

Regulatory Compliance and Process

The company has adhered to the regulatory requirements by submitting an application to BSE Limited on October 24, 2025. This application seeks approval for the reclassification under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Prismx Global Ventures formally communicated this development to BSE through a regulatory filing dated October 27, 2025. The filing, signed by Ravindra Bhaskar Deshmukh, a director of the company, emphasizes the company's commitment to regulatory compliance and transparency.

Implications and Next Steps

The reclassification, if approved by BSE, would alter the promoter shareholding of Prismx Global Ventures Limited. However, the specific reasons for this reclassification request have not been disclosed in the available information.

Investors and market participants may monitor for any further developments or disclosures from the company regarding this reclassification request. The approval process typically involves scrutiny by the stock exchange to ensure compliance with all relevant regulations.

As this process unfolds, stakeholders may expect additional updates from Prismx Global Ventures Limited regarding the status of their application and any potential impact on the company's governance structure.