Prism Finance Ltd

Key updates

• Notice of 32nd AGM and Annual Report FY2025-26; AGM via VC on 29 Sep 2026.
• Appointment of Kashyap R. Mehta & Partners as Secretarial Auditors for 2026-31; fee Rs 75,000 plus taxes.
• Board may avail other services from Secretarial Auditor; remuneration to be determined by Audit Committee/Board.
• Special Resolution to empower Board to advance loans up to Rs 50 crore to entities with director interest.
• Hemendrakumar C. Shah re-appointed as Independent Director for second term 2026-2031; he will be 75 during term.
• FY2025-26 total income Rs 562.45 lakh; net loss after tax Rs 354.35 lakh.
• Dividend for 2025-26 not recommended due to losses.

Dematerialisation processing

• Dematerialisation requests processed and confirmed to depositories (accepted/rejected) during the period.
• Securities dematerialised listed on stock exchanges where the earlier issued securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled after verification.
• Depository name substituted as registered owner within prescribed timelines.
• Some dematerialisation requests were rejected during processing.

Financial results

• Board approved standalone audited financial results for FY2025-26 ended 31 March 2026.
• Auditors issued an unmodified opinion on the audited standalone results.

Key financials

• FY2025-26 standalone revenue from operations was ₹526.33 lakh.
• FY2025-26 standalone net loss was ₹354.35 lakh.
• Cash and cash equivalents closed at ₹4.99 lakh as of 31 March 2026.

Board decisions

• Ms. Rajkumari Udhwani was authorised to sign and submit the audited results to BSE.
• Board approved publication of the audited results in newspapers.

Auditor appointment

• Kashyap R. Mehta & Partners was appointed secretarial auditor on 29 May 2026.
• Appointment fills the casual vacancy caused by Nishant Pandya & Associates' resignation.
• Term runs until the ensuing Annual General Meeting for FY2025-26 audit.

Regulatory disclosures

• Company confirmed it is not a Large Corporate under SEBI debt disclosure framework.
• No audit qualifications were reported in the annual audited financial results.

Financial Performance 📊

• Revenue from operations was Rs. 32.80 lakh in Q3 FY26, down from Rs. 206.47 lakh YoY.
• Total income for Q3 FY26 was Rs. 32.80 lakh versus Rs. 206.66 lakh in Q3 FY25.
• Total expenses were Rs. 140.98 lakh in Q3 FY26, down from Rs. 461.20 lakh YoY but up from Rs. 134.41 lakh QoQ.
• Net loss before tax was Rs. 108.18 lakh in Q3 FY26, narrower than Rs. 254.55 lakh loss YoY but wider than Rs. 90.46 lakh loss QoQ.
• Profit after tax loss was Rs. 49.10 lakh in Q3 FY26 versus Rs. 148.92 lakh loss in Q3 FY25.
• EPS (basic and diluted) was negative Rs. 0.76 in Q3 FY26 compared to negative Rs. 2.29 in Q3 FY25.

Expenses & Costs

• Finance costs increased to Rs. 3.23 lakh in Q3 FY26 from Rs. 0.36 lakh in Q2 FY26.
• Employee benefits expense rose to Rs. 13.21 lakh in Q3 FY26 from Rs. 11.74 lakh in Q2 FY26.

Auditor & Governance

• Auditors issued a qualified opinion due to Rs. 100 lakh investment in unquoted shares with negative net worth.
• Board approved unaudited financial results and limited review report on February 12, 2026.

Corporate & Capital Structure

• No outstanding loans, defaults, or debt securities as of December 31, 2025.
• Company operates solely in finance and investment segment with no subsidiaries or associates.

🗓️ Meeting Details

• Board meeting scheduled on 12 February 2026 to approve unaudited financial results for Q3 ended 31 December 2025.