Prime Securities Ltd. — Capital/Financing Update 2022

Nov 9, 2022

November 9, 2022

Corporate Relationship Department Capital Markets - Listing Dalal Street, G Block, Bandra Kurla Complex, Fort, Mumbai 400001 Bandra (East), Mumbai 400051

BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1,

Dear Sir,

Sub: Disclosure in terms of Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Statement of Nil Deviation or Variation

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

Pursuant to Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019, a Statement of Nil Deviation / Variation in utilization of funds raised for the Quarter ended September 30, 2022, is submitted herewith.

This is for your information and records.

Thanking you,

Yours faithfully, For Prime Securities Limited

Ajay Shah Company Secretary (ACS-14359)

Prime Securities Limited 1109 / 1110, Maker Chambers V, Nariman Point, Mumbai 400021 Tel : +91-22-6184 2525 CIN: L67120MH1982PLC026724 Fax : +91-22-2497 0777 www.primesec.com

Statement of Deviation or Variation in utilization of funds raised

Name of listed entity	Prime Securities Limited
Mode of Fund Raising	Preferential Issue
Date of Raising Funds	November, 12 2021 to November 16, 2021
Amount Raised	Rs. 40.38 Crore
Report filed for Quarter ended	September 30, 2022
Monitoring Agency	Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds	No
raised
If yes, whether the same is pursuant to change in
terms of a contract or objects, which was approved
by the shareholders	Not Applicable
If yes, date of shareholder approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review	"Nil" Statement as on September 30, 2022, was
	placed before the Audit Committee at its
	Meeting held on November 9, 2022
Comments of the Auditors, if any	None
Objects for which funds have been raised and where	Not Applicable
there has been a deviation, in the following table

Original Object	Modified	Original	Modified	Funds	Amount of Deviation /	Remarks
	Object,	Allocation	allocation,	Utilised	Variation for the	if any
	if any		if any		quarter according to
					applicable object
Making investments in one	Not	Rs. 40.38	Nil	Nil	Nil	Not
or more digitally powered	Applicable	cr.				Applicable
platforms or marketplaces

Deviation or Variation could mean:

a) Deviation in the objects or purposes for which the funds have been raised

b) Deviation in the amount of funds actually utilized as against what was originally disclosed or

c) Change in terms of a contract referred to in the fund-raising document i.e., prospectus, letter of offer, etc

For Prime Securities Limited

Ajay Shah Company Secretary (ACS-14359)

Mumbai, November 9, 2022

Prime Securities Limited

1109 / 1110, Maker Chambers V, Nariman Point, Mumbai 400021 Tel : +91-22-6184 2525 CIN: L67120MH1982PLC026724 Fax : +91-22-2497 0777 www.primesec.com