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Prime Securities Ltd. — Capital/Financing Update 2024
Nov 27, 2024
59172_rns_2024-11-27_8d294e15-61ec-43c9-9409-7ef71c4c843e.pdf
Capital/Financing Update
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November 27, 2024
Corporate Relationship Department Capital Markets - Listing BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5[th] Floor, Plot No. C/1, Dalal Street, G Block, Bandra Kurla Complex, Fort, Mumbai 400001 Bandra (East), Mumbai 400051
Dear Sir / Madam,
Sub: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Re: Stock Code: 500337 (BSE) / PRIMESECU (NSE)
Pursuant to the provisions of Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we wish to inform you that the Company has acquired equity shares in Ticker Limited, a Company providing technology solutions for Virtual Digital Asset Industry, for a total consideration of INR 1,100 lakhs. The disclosures as required under Regulation 30 of the Listing Regulations read with SEBI master circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, on continuous disclosure requirements concerning the above acquisition are enclosed as Annexure I to this letter.
In terms of the provisions of the Listing Regulations, the above disclosure is available on website of the Company (www.primesec.com), Stock Exchanges (www.nseindia.com / www.bseindia.com).
This is for your information and records.
Yours faithfully, For Prime Securities Limited
Digitally signed by AJAY JITENDRA SHAH AJAY DN: c=IN, st=Maharashtra, 2.5.4.20=4be8a988c56361f41909ef793daf3cb4985e43 83b710be464a65d904b0f7da05, postalCode=400018, street=The Park Mumbai Worli, JITENDRA pseudonym=9cbd85102c8a4fd0a1de2be0686f11c8, title=5242, serialNumber=9a13513ed2ea20e7ec46a73b943cce32 5b1faebc3db3fa7b02504130a94e7d06, o=Personal, SHAH cn=AJAY JITENDRA SHAH Date: 2024.11.27 18:12:12 +05'30'
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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Annexure I
Disclosures in terms of Regulation 30 of the Listing Regulations read with SEBI Circular on Continuous Disclosure Requirements concerning above acquisition of ordinary shares:
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----- Start of picture text ----- Sr. ParticularsNo.1. Name of the target entity, details in Target entity - Ticker Limitedbrief such as size, turnover, etcLast 3 financial Years' revenue:FY 2024 – INR 1,947 lakhsFY 2023 – INR 2,009 lakhsFY 2022 – INR 1,674 lakhs2. Whether the acquisition would fall The transaction would not fall within the ambit of thewithin related party transaction(s) related party transactionsand whether the promoter / promotergroup / group companies have anyinterest in the entity being acquired.If yes, nature of interest and detailsthereof and whether the same is doneat "arm's length"3. The industry to which the entity Ticker Limited as a holding company, is focusing onbeing acquired belongs technology solutions for virtual digital asset industry,business strategy, providing technology infrastructureand solutions for Group Companies, strategic partnersand industry stakeholders4 Objects and effects of the Object of the acquisition is to make investment inAcquisition digitally powered platformTicker Limited is a Company providing technologysolutions for virtual digital asset industry and theCompany has acquired 0.31% equity stake for a totalconsideration of INR 1,100 lakhs5. Brief details of any governmental or No permission is requiredregulatory approvals required for theacquisition----- End of picture text -----
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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| 6. | Indicativetimeperiodforcompletion of the acquisition | Not Applicable |
| 7. | Natureofconsideration(cashconsideration or share swap anddetails of the same) | Cash consideration of INR 1,100 lakhs |
| 8. | Cost of acquisition or the price atwhich the shares are acquired | 55,00,000 equity share acquired at a price of INR 20/-per equity share, for a total consideration of INR 1,100lakhs |
| 9. | Percentage of shareholding / controlacquired and / or number of sharesacquired | 55,00,000 equity shares acquired for a totalconsideration of INR 1,100 lakhs, by way ofsubscription to the preferential issue, representing0.31% of the total shareholding. This will not result inany change in control. |
| 10. | Brief background about the entityacquired in terms of products / lineof business acquired, date ofincorporation, history of last 3 yearsturnover country in which theacquired entity has presence, andany other significant information | Ticker Limited is a Company providing technologysolutions for virtual digital asset industry, which wasincorporated on June 21, 2022 and operates in India.The turnover for the last 3 years was INR 1,947 lakhs,2,209 lakhs and INR 1,674 lakhs |
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