Prime Securities Ltd. — Earnings Release 2023

Apr 21, 2023

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PRESS RELEASE

PRIME SECURITIES LIMITED (CONSOLIDATED FINANCIALS FY’23)

P&L HIGHLIGHTS

QUARTERLY PERFORMANCE COMPARISION (Q4 FY’23 vs FY’22)

• Total Revenues at ₹ 1243 lakhs , a growth of 19% over ₹ 1045 lakhs

• Total Expenses at ₹ 750 lakhs , a decline of 21% over ₹ 944 lakhs

• Profit Before Tax at ₹ 583 lakhs, a 4.7 times growth over ₹ 102 lakhs

• Profit After Tax at ₹ 406 lakhs, a 5.4 times growth over ₹ 63 lakhs

• FULL YEAR PERFORMANCE COMPARISION (FY’23 vs FY’22)

• Total Revenues at ₹ 4684 lakhs , nearly flat over ₹ 4571 lakhs

• Profit Before Tax at ₹ 1517 lakhs, a decline of 29% over ₹ 2142 lakhs

• Profit After Tax at ₹ 1118 lakhs, a decline of 34% over ₹ 1698 lakhs

Prime Securities Limited

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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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Qualitative Business Highlights

• Having entered the start-up ecosystem as a value-added Investment Banker, Prime has been successful in closing over 18 fund raising deals since starting this practice.

• The Company has signed an agreement with Bridgeweave Limited (Bridgeweave UK), a UK based Artificial Intelligence / Machine Learningbased technology company, that has developed a suite of financial products for retail investors. The two-step process to acquire a majority / 100% ownership in Bridgeweave UK will involve an 8% equity stake for cash and a 92% equity stake through a stock swap.

This transformational step could result in a significant non-linear, asymmetric growth, granularizing revenues through exposure to retail consumers, using a B2B2C model that eliminates high customer acquisition costs. Cutting edge, next generation technology will be at the root of this initiative.

While investors should note that the advisory business does not lend itself to quarterly or annual comparisons, it is equally important to highlight that both, the number and size of deals, have been steadily rising. The management remains extremely optimistic on the prospects of the Company over the next few years.

For Prime Securities Limited

Digitally signed by JAYAKUMAR NARAYANSWAMI JAYAKUMAR DN: c=IN, o=Personal, pseudonym=C9D4CDE8D2A0D76176A893867A0D382C2D FB9620, 2.5.4.20=6a1e882d8ce1292650f024ad4db2e035a1446bda NARAYANSWA 6402f82bfce15cbf4f30dfd3, postalCode=400006, st=Maharashtra, serialNumber=815CEE63EA2095D43F5CBA54FE755B9DF6 AA48086D67A8D94798BECBFFCFAB87, cn=JAYAKUMAR MI NARAYANSWAMI Date: 2023.04.21 21:06:41 +05'30' N. Jayakumar Managing Director & Group CEO

Mumbai, April 21, 2023

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