Prime Securities Ltd. — AGM Information 2022

Sep 28, 2022

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September 27, 2022

Corporate Relationship Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai 400001

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

Dear Sir / Madam,

• Sub: Regulation 30 and Para 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)

We wish to inform you that the 39[th] Annual General Meeting of the Company was held on Tuesday, September 27, 2022 at 3:30 p.m. (IST) through two-way Video Conferencing or Other Audio Visual Means, in terms of various circulars issued by Ministry of Corporate Affairs and Securities & Exchange Board of India.

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 39[th] Annual General Meeting of the Members of the Company.

Thanking you,

Yours faithfully,

For Prime Securities Limited

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Ajay Shah Company Secretary (ACS-14359)

Prime Securities Limited 1109 / 1110, Maker Chambers V, Nariman Point, Mumbai 400021 CIN: L67120MH1982PLC026724 www.primesec.com

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Tel : +91-22-6184 2525 Fax : +91-22-2497 0777

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Proceedings of 39[th] Annual General Meeting of the Members of Prime Securities Limited held on Tuesday, September 27, 2022 at 3:30 p.m. through two-way Video Conferencing / Other Audio-Visual Mode

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Mr. Pradip Dubhashi, Chairperson of the Company chaired the Meeting and welcomed the Members to the 39[th] Annual General Meeting (“AGM”). The Chairperson informed the Members about the Directors, Company Secretary, Representative of Statutory and Secretarial Auditors who have jointed the AGM from their respective residence / office. Required quorum being present, the AGM was called in order. The Chairperson informed the Members about the sad demise of Chief Financial Officer.

The Members were informed that the Company is holding this AGM through Video Conferencing (“VC”) / Other Audio Visual Mode (“OAVM”), in compliance with the directions issued by the Ministry of Corporate Affairs (“MCA”) and Securities and Exchange Board of India (“SEBI”) and the participation of the Members through video conferencing or other audiovisual means is being reckoned for the purpose of quorum. The live webcast of the proceedings of the AGM was made on the website of NSDL.

The Members were informed that since there was no physical attendance of Members, in compliance with the Circulars issued by the MCA and SEBI, the requirement of appointing proxies was not applicable, except for the authorized representatives of corporate shareholders.

The Members were informed that the Company had provided its Members the facility to cast their vote electronically through the National Securities Depository Limited (“NSDL”) system before the AGM. He further informed that the remote e-Voting facility was also made available during the AGM for the benefit of Members who were present during the Meeting and had not cast their votes earlier through remote e-Voting. He further informed that Mr. Pramod S. Shah, Practising Company Secretaries, had been appointed as Scrutinizers to supervise that the remote e-Voting and the voting during the proceedings of the AGM was done in a fair and transparent manner.

The Members were informed that the Notice of AGM was sent to the Members on Monday, September 5, 2022 and in view of the Notices received from Members under Section 160 of the Companies Act, 2013 proposing the appointment of Directors, an Addendum to the Notice of AGM for incorporating additional resolutions under special business was send to the Members on Monday, September 19, 2022. The Members were informed that the Statutory Auditors' Report and Secretarial Audit Report does not have any qualifications, observations, comments on the functioning of the Company. With the consent of the Members, the Notice of AGM, Addendum to the Notice of AGM and Auditor’s Report were taken as read.

Prime Securities Limited 1109 / 1110, Maker Chambers V, Nariman Point, Mumbai 400021 CIN: L67120MH1982PLC026724 www.primesec.com

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Tel : +91-22-6184 2525 Fax : +91-22-2497 0777

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The Members were briefed on certain points relating to the participation at the Meeting through VC / OVAM. The Chairperson then commenced the business of the Meeting by taking up the following Resolutions:

• Item No. 1: Ordinary Resolution for adoption of Standalone & Consolidated Financial Statements for the Year ended March 31, 2022 and the report of the Board and Auditors thereon.

• Item No. 2: Ordinary Resolution for Declaration of Dividend.

• Item No. 3: Ordinary Resolution for Re-appointment of Mr. Akshay Gupta, a Non-Executive and Non-Independent Director, who retires by rotation.

• Item No. 4: Special Resolution for payment of Commission to Non-Executive Directors.

• Item No. 5: Ordinary Resolution for Appointment of Mr. Ashok Kacker as a Non-Executive and Non-Independent Director.

• Item No. 6: Ordinary Resolution for Appointment of Mr. Sujit Kumar Varma as a NonExecutive and Non-Independent Director.

The Chairperson invited the Members to express their views, ask questions and seek clarifications on the operations as well as the financial performance of the Company. Mr. N. Jayakumar, Managing Director & Group CEO responded to the questions asked and clarifications sought by the Members.

The Chairperson then thanked the Members for attending and participating at the AGM. The e- Voting facility was kept open for the next 15 minutes to enable the Members to cast their vote. The Chairman informed the Members that 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.

Yours faithfully,

For Prime Securities Limited

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Ajay Shah Company Secretary (ACS-14359)

Mumbai, September 27, 2022

Prime Securities Limited 1109 / 1110, Maker Chambers V, Nariman Point, Mumbai 400021 CIN: L67120MH1982PLC026724 www.primesec.com

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Tel : +91-22-6184 2525 Fax : +91-22-2497 0777