Prime Securities Limited has announced a postal ballot notice dated March 16, 2026, seeking shareholder approval for the reappointment of Mr. N. Jayakumar as Managing Director and Group CEO. The company has initiated this process under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Postal Ballot Details and Timeline

The postal ballot process will be conducted entirely through remote e-voting, with no physical ballot forms. The voting timeline has been structured as follows:

The company has appointed Mr. Pramod S. Shah of M/s. Pramod S. Shah and Associates as the scrutinizer to oversee the remote e-voting process in a fair and transparent manner.

Proposed Reappointment Terms

The special resolution seeks approval for Mr. N. Jayakumar's reappointment as Managing Director and Group CEO for a five-year term from February 11, 2026 to February 10, 2031. The appointment terms include comprehensive remuneration and benefit structures:

Compensation Structure

The remuneration structure includes provisions for minimum remuneration in case of inadequate profits, as per Schedule V of the Companies Act, 2013.

Leadership Profile and Experience

Mr. N. Jayakumar, aged 65 years, brings extensive experience to the role. He holds a Bachelor of Technology in Mechanical Engineering from I.I.T. Delhi and a PGDM (MBA) from IIM Ahmedabad. His professional background includes:

• Company Tenure: Associated with Prime Securities since 1992, designated as President since 2002
• Prior Experience: 7 years at Citibank N.A. as Vice President, Head of Merchant Banking Group and Corporate Finance
• Expertise: Corporate Finance, Investment Management, financial restructuring, and strategic alliances
• Current Holdings: 54,32,480 equity shares in the company

Financial Performance Overview

The company has demonstrated strong financial performance, supporting the reappointment proposal:

Standalone Financial Results (₹ in Lakhs)

Consolidated Financial Results (₹ in Lakhs)

Voting Process and Shareholder Information

Shareholders can participate in the voting process through NSDL's remote e-voting platform. The postal ballot notice has been sent electronically to members whose email addresses are registered with the company or depositories. The notice is also available on the company's website at www.primesec.com and on the websites of BSE and NSE.

Institutional shareholders are required to submit relevant board resolutions and authority letters to the scrutinizer. The company has designated prime@primesec.com as the exclusive email for investor queries and complaints related to the postal ballot process.

The resolution, if approved with requisite majority, will be deemed passed on April 16, 2026, the last date of the e-voting period. The company's board and nomination and remuneration committee have recommended the reappointment, considering Mr. Jayakumar's qualifications, experience, and contributions to the company's growth.

Source: None/Company/INE032B01021/e69c7000-c1c3-4085-93f7-70fa90690ff7.pdf

Prime Securities Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing significant business expansion amid mixed financial performance. The financial services company reported substantial revenue growth while managing increased operational costs associated with strategic business development initiatives.

Financial Performance Overview

The company's consolidated financial results demonstrate strong revenue momentum with notable year-on-year improvements in core business metrics.

Business Expansion and Operational Metrics

Prime Securities has undertaken significant expansion initiatives across its business verticals. The company's total headcount increased dramatically to 120 employees as of December 31, 2025, compared to approximately 42 employees in the corresponding period of the previous year. This represents a nearly three-fold increase in workforce as the company strengthens its investment banking and wealth management capabilities.

Expense Structure and Investment Impact

The company's expansion strategy has resulted in substantially higher operational expenses, particularly in employee costs. Employee benefit expenses increased to ₹4,252 lakhs for the nine-month period compared to ₹2,208 lakhs in the previous year. The establishment of Prime Trigen Wealth Limited has contributed approximately ₹50 crores in additional fixed expenses on an annual run-rate basis.

Wealth Management Vertical Performance

Prime Trigen Wealth Limited, the company's wealth management subsidiary, has achieved significant milestones in its initial operational phase. The subsidiary has crossed ₹2,400 crores in Assets Under Advice (AUA) and successfully onboarded over 725 clients representing more than 360 families. The wealth management division operates from 8 locations with over 90 employees, demonstrating the company's commitment to building a comprehensive wealth management platform.

Standalone Financial Results

On a standalone basis, Prime Securities reported fee and commission income of ₹1,296 lakhs for Q3FY26 compared to ₹1,254 lakhs in Q3FY25. Standalone profit after tax was ₹415 lakhs for the quarter versus ₹613 lakhs in the corresponding quarter of the previous year.

Strategic Outlook and Business Development

The company continues to focus on building a combination of annuity income flows and transactional revenue streams. Management has indicated that Prime Trigen Wealth Limited is expected to achieve break-even over the next 6 quarters. The company's growth strategy emphasizes creating annuity revenue flows through franchise businesses to balance the episodic nature of investment banking operations.