Prime Securities Ltd. — AGM Information 2018

Sep 24, 2018

September 24, 2018

Corporate Relationship Department Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai 400001

Capital Markets - Listing National Stock Exchange of India Ltd Exchange Plaza, 5^th Floor, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400051

Dear Sir.

Sub: Regulation 30 and Part A of Part A of Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Re: Stock Code: 500337 (BSE) / PRIMESECU (NSE)

Pursuant to the provisions of Regulation 30 and Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the Proceedings of 35^th Annual General Meeting of the Members of the Company held on Monday, September 24, 2018 at Victoria Memorial School for the Blind, 73, Tardeo Road, Opp. Film Centre, Mumbai 400034 at 2.00 p.m.

This is for your record and information.

Thanking you,

Yours faithfully, For Prime Securities Limited

Prime Securities Limited 1109 / 1110, Maker Chambers V. Nariman Point, Mumbai 400 021. CIN: L67120MH1982PLC026724 Website: www.primesec.com

Proceedings of 35^th Annual General Meeting of the Members of Prime Securities Limited held on Monday, September 24, 2018 at 2.00 p.m. at Victoria Memorial School for the Blind, 73, Tardeo Road, Opp. Film Centre, Mumbai 400034

Presen

t:	Mr. Pradip Dubhashi	Chairman
	Mr. N. Jayakumar	Managing Director and Group CEO
	Mr. Vineet Suri	Director
	Ms. Alpana Parida	Director
	Mr. Anil Dharker	Director
	Mr. S. R. Sharma	Director
	Mr. Milind Gandhi	Representative of the Independent Auditor
	Mr. Nikhil Shah	Chief Financial Officer
	Mr. Ajay Shah	Company Secretary

The Chairman informed the Members present the details of Proxy and Representations from Corporate Members. After declaring that the necessary quorum is present, the Chairman called the Meeting to order.

With the permission of the Members, the Notice calling the 35^th Annual General Meeting and the Auditors' Report was taken as read.

The Chairman informed the Members present that the Ballot Form have been circulated to the Members and the Members are requested to fill up and hand over the same to the representatives of the Registrar and Share Transfer Agent at the entrance. The Chairman informed the Members present that Mr. Pramod S. Shah of M/s. Pramod S. Shah & Associates, Practising Company Secretaries (Membership No. FCS 3804), has been appointed by the Board of Directors as the Scrutiniser to scrutinise the remote e-voting process and Voting by Ballot Form at the Meeting.

Thereafter, the following businesses were transacted and the resolutions for the same, duly proposed and seconded, were put for voting through Ballot Form:

• 1. Approval of Audited Financial Statements of the Company as at March 31, 2018 and Profit and Loss Account for the Year ended on that date (including Consolidated Financial Results) together with the Reports of the Auditors and Directors thereon;
• 1. Re-appointment of Mr. S. R. Sharma as a Director of the Company, who retired by rotation;
• 1. Revision in Remuneration to Mr. N. Jayakumar, Managing Director and Group CEO;
• 1. Appointment of Mr. Vineet Suri as Executive Director and payment of Remuneration;
• 1. Alteration and Adoption of Memorandum and Articles of Association;
• 1. Implementation of Employee Stock Option Scheme 2018;
• 1. Extension of benefits of Employee Stock Option Scheme 2018 to the Eligible Employees / Directors of the Subsidiaries: SFO

Prime Securities Limited 1109 / 1110, Maker Chambers V. Nariman Point, Mumbai 400 021. CIN: L67120MH1982PLC026724 Website: www.primesec.com

1. Granting of Options exceeding 1% of Issued Capital to identified Employees under Employee Stock Option Scheme 2018.

The Members present were given the opportunity to ask questions and seek clarifications. The Managing Director and Group CEO responded to the questions raised.

Post the question and answer sessions, the Chairman thanked the Members present and concluded the Meeting and authorised the Company Secretary to carry out the poll process.

The Chairman informed that the Voting Results along with the Scrutiniser's Report shall be placed on the website of the Company (www.primesec.com) and the same shall also be communicated to the Stock Exchanges, where shares of the Company are listed.

Thanking you,

Yours faithfully, For Prime Securities Limited

GECUR MUMBA Ajay Shah Company Secretary $(ACS-14359)$

Prime Securities Limited 1109 / 1110, Maker Chambers V, Nariman Point, Mumbai 400 021. CIN: L67120MH1982PLC026724 Website: www.primesec.com