Prismx Global Ventures announced on August 20, 2025, that its statutory auditors, M/s. Bansal Gourav & Associates, Chartered Accountants, have resigned from their position. The resignation, effective August 19, 2025, comes as a result of the auditors' inability to devote sufficient time to the company's affairs due to pre-existing professional commitments.

Resignation Details

The company disclosed the auditor's resignation in a regulatory filing to the Bombay Stock Exchange (BSE) under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. M/s. Bansal Gourav & Associates, who held the Firm Registration Number 155908W, cited 'pre-occupation with other assignments and professional commitments' as the primary reason for their departure.

Auditor's Statement

In their resignation letter, the auditors confirmed that there were no other material reasons behind their decision to step down. This statement aligns with the regulatory requirements set forth by the Securities and Exchange Board of India (SEBI) in its recent master circulars.

Company's Response

Ravindra Bhaskar Deshmukh, Director of Prismx Global Ventures, stated in the filing that the company is actively working on appointing a new Statutory Auditor. He assured stakeholders that the company would ensure compliance with all applicable regulatory requirements during this transition.

Regulatory Compliance

The company's disclosure adheres to the SEBI master circulars issued on July 11, 2023, and November 11, 2024, which outline the procedures for the resignation of statutory auditors from listed entities. In line with these regulations, Prismx Global Ventures has provided:

1. A copy of the resignation letter submitted by the Statutory Auditors (Annexure-A)
2. Information obtained from the Statutory Auditors as per the prescribed format outlined in the SEBI Master Circular (Annexure-B)

Looking Ahead

As Prismx Global Ventures navigates this change in its audit leadership, investors and stakeholders will likely be watching closely for the appointment of new statutory auditors. The company's commitment to regulatory compliance and transparent communication during this transition period is crucial for maintaining investor confidence.

The management's prompt disclosure and assurance of a swift replacement process demonstrate their dedication to upholding good corporate governance practices. Further updates on the new auditor appointment are expected to be communicated to the stock exchange and shareholders in due course.

Prismx Global Ventures Limited , a diversified company operating in commodity trading, finance, and information technology sectors, has announced its financial results for the first quarter, showcasing robust growth across key financial metrics.

Financial Highlights

The company reported a significant year-on-year increase in its standalone net profit, which rose by 26.5% to ₹146.43 crore, compared to ₹115.73 crore in the same quarter of the previous year. This growth was supported by a 5.9% increase in total revenue, which reached ₹623.03 crore, up from ₹588.29 crore in the previous year's corresponding quarter.

Operational Performance

Prismx Global Ventures saw substantial growth in its income from operations, which increased to ₹556.42 crore from ₹490.40 crore in the corresponding quarter, marking a 13.5% rise. This growth indicates strong performance across the company's diverse business segments.

Segment-wise Performance

The company operates in three primary business segments:

1. Commodity Trading
2. Finance Business Activities
3. Information Technology Activities

While specific segment-wise details were not provided in the quarterly results, the overall growth suggests positive contributions from these diverse operations.

Consolidated Results

On a consolidated basis, Prismx Global Ventures reported even stronger growth:

• Net profit increased to ₹145.47 crore, up from ₹100.30 crore in the previous year's corresponding quarter, representing a 45% year-on-year growth.
• Total consolidated revenue stood at ₹626.59 crore for the quarter.

Management Changes

In a separate development, the Board of Directors accepted the resignation of Pratiskha Modi from her position as Company Secretary and Compliance Officer. The company has not yet announced a replacement for this key role.

Investor Relations

Prismx Global Ventures reported zero investor complaints for the quarter, indicating strong investor satisfaction and effective communication with shareholders.

The company's performance demonstrates its resilience and growth potential across its diverse business portfolio. With significant improvements in both revenue and profitability, Prismx Global Ventures appears well-positioned for continued success in the coming quarters.