Prime Securities Ltd. — Capital/Financing Update 2025

Mar 11, 2025

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March 11, 2025

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 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 Board of Directors of Prime Research and Advisory Limited (Wholly-owned Subsidiary of the Company), at their Meeting held today, i.e. March 11, 2025, has considered and approved, subject to necessary regulatory / statutory approvals as may be required under applicable laws, the settingup of an Alternate Investment Fund, by incorporating a subsidiary in the name of ‘Prime Litmus Investment Management Limited ’, to act as an Investment Manager and a Limited Liability Partnership in the name of ‘Prime Litmus Investment LLP ’ or such other available name, which will act as a Sponsor for the Alternative Investment Fund.

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 is 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) and 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 DN: c=IN, st=Maharashtra, AJAY 2.5.4.20=4be8a988c56361f41909ef793daf3cb4 985e4383b710be464a65d904b0f7da05, postalCode=400018, street=The Park Mumbai Worli, JITENDRA pseudonym=9cbd85102c8a4fd0a1de2be0686 f11c8, title=5242, serialNumber=9a13513ed2ea20e7ec46a73b94 3cce325b1faebc3db3fa7b02504130a94e7d06, SHAH o=Personal, cn=AJAY JITENDRA SHAH Date: 2025.03.11 17:09:44 +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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Sr. Particulars
No.
1. Name of the target entity, details in Prime Research and Advisory Limited (Wholly-
brief such as size, turnover, etc owned Subsidiary of the Company) (“PRAL”)
proposes to incorporate:
(i) Prime Litmus Investment Management Limited
(“PLIM”), to act as an Investment Manager
(ii) Prime Litmus Investment LLP (“PLI”) or such
other available name, to act as a Sponsor
2. Whether the acquisition would fall The proposed transaction will not fall within the
within related party transaction(s) ambit of the 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 Alternative Investment Fund
being acquired belongs
4 Objects and effects of the PRAL will subscribe to 75% of the paid-up capital
Acquisition of PLIM and upto 100% of partner’s contribution in
PLI
5. Brief details of any governmental Incorporation of subsidiary company and LLP and
or regulatory approvals required commencement of AIF activities will be subject to
for the acquisition necessary statutory and regulatory approvals
6. Indicative time period for Within 6 (six) months
completion of the acquisition
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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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7.	Nature of consideration (cash consideration or share swap and details of the same)	PRAL will invest upto INR 150 lakhs in cash, in one or more tranches, for subscription to 75% of the paid-up capital of PLIM and upto INR 500 lakhs in cash, in one or more tranches, for subscription to 100% of partner’s contribution in PLI
8.	Cost of acquisition or the price at which the shares are acquired	Subscription to the capital of PLIM and partner’s contribution in PLI will be at par
9.	Percentage of shareholding / control acquired and / or number of shares acquired	PRAL will subscribe to 75% of the paid-up capital of PLIM and 100% of partner’s contribution in PLI
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	Not applicable as both the entities are yet to be incorporated

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