Prime Securities Ltd. — Capital/Financing Update 2022

May 24, 2022

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May 24, 2022

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

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

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 March 31, 2022, is submitted herewith.

This is for your information and records.

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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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 RaisingFunds	November 12 2021 to November 16, 2021
Amount Raised	Rs. 40.38 Crore
Report filed forQuarter ended	March 31, 2022
Monitoring Agency	Not Applicable
MonitoringAgency Name,if applicable
Is there a Deviation / Variation in use of funds raised	No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved bythe shareholders	Not Applicable
If yes, date of shareholder approval
Explanation fortheDeviation/ Variation
Comments of the Audit Committee after review	“Nil” Statement as on March 31, 2022, was placed before the Audit Committee at its Meeting held on May 24, 2022
Comments of the Auditors,if any	None
Objects for which funds have been raised and where there has been a deviation,in the followingtable	Not Applicable

Original Object	Modified Object, if any	Original Allocation	Modified allocation, if any	Funds Utilised	Amount of Deviation / Variation for the quarter according to applicable object	Remarks if any
Not Applicable

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

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Ajay Shah Company Secretary (ACS-14359)

Mumbai, May 24, 2022

Prime Securities Limited

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

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

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