AI assistant
Prime Securities Ltd. — Capital/Financing Update 2024
Nov 27, 2024
59172_rns_2024-11-27_dfb33cb2-f9b2-47d7-add7-2be3ac0df2e5.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [170 x 105] intentionally omitted <==
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
==> picture [587 x 35] intentionally omitted <==
Tel : +91-22-6184 2525 Fax : +91-22-2497 0777
==> picture [170 x 105] intentionally omitted <==
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:
==> picture [468 x 533] intentionally omitted <==
----- Start of picture text -----
Sr. Particulars
No.
1. Name of the target entity, details in Target entity - Ticker Limited
brief such as size, turnover, etc
Last 3 financial Years' revenue:
FY 2024 – INR 1,947 lakhs
FY 2023 – INR 2,009 lakhs
FY 2022 – INR 1,674 lakhs
2. Whether the acquisition would fall The transaction would not fall within the ambit of the
within related party transaction(s) related party transactions
and whether the promoter / promoter
group / group companies have any
interest in the entity being acquired.
If yes, nature of interest and details
thereof and whether the same is done
at "arm's length"
3. The industry to which the entity Ticker Limited as a holding company, is focusing on
being acquired belongs technology solutions for virtual digital asset industry,
business strategy, providing technology infrastructure
and solutions for Group Companies, strategic partners
and industry stakeholders
4 Objects and effects of the Object of the acquisition is to make investment in
Acquisition digitally powered platform
Ticker Limited is a Company providing technology
solutions for virtual digital asset industry and the
Company has acquired 0.31% equity stake for a total
consideration of INR 1,100 lakhs
5. Brief details of any governmental or No permission is required
regulatory approvals required for the
acquisition
----- 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
==> picture [587 x 35] intentionally omitted <==
==> picture [170 x 105] intentionally omitted <==
| 6. | Indicative time period for completion of the acquisition |
Not Applicable |
| 7. | Nature of consideration (cash consideration or share swap and details of the same) |
Cash consideration of INR 1,100 lakhs |
| 8. | Cost of acquisition or the price at which 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 1,100 lakhs |
| 9. | Percentage of shareholding / control acquired and / or number of shares acquired |
55,00,000 equity shares acquired for a total consideration of INR 1,100 lakhs, by way of subscription to the preferential issue, representing 0.31% of the total shareholding. This will not result in any change in control. |
| 10. | Brief background about the entity acquired in terms of products / line of business acquired, date of incorporation, history of last 3 years turnover country in which the acquired entity has presence, and any other significant information |
Ticker Limited is a Company providing technology solutions for virtual digital asset industry, which was incorporated 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
==> picture [587 x 35] intentionally omitted <==
Tel : +91-22-6184 2525 Fax : +91-22-2497 0777