Prudent Corporate Advisory Services Limited has fulfilled its regulatory obligations by submitting the mandatory compliance certificate under SEBI regulations for the quarter ended March 31, 2026. The submission demonstrates the company's commitment to maintaining transparency and adherence to securities market regulations.

Regulatory Compliance Submission

The company submitted its certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 to both major stock exchanges on April 7, 2026. Company Secretary Kunal Chauhan, holding membership number FCS-13492, digitally signed and submitted the documentation to ensure timely compliance.

Registrar Confirmation

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, serves as the company's Registrar and Share Transfer Agent. The RTA issued the confirmation certificate on April 1, 2026, validating the proper handling of securities dematerialisation processes during the quarter.

The certificate confirms that securities received from depository participants for dematerialisation were properly processed within prescribed timelines. Sr. Vice President-Corporate Registry Ashok Shetty signed the confirmation on behalf of MUFG Intime India Private Limited.

Dematerialisation Process Compliance

The RTA confirmed several key compliance aspects for the quarter:

• Securities received from depository participants were confirmed (accepted/rejected) to depositories within required timeframes
• All securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialisation were properly mutilated and cancelled after verification
• Depository names were substituted in the register of members as registered owners within prescribed timelines

Corporate Information

Prudent Corporate Advisory Services Limited operates from Prudent House, located in Devang Park Society, Panjarapole Cross Road, Ambawadi, Ahmedabad. The company maintains its registered office in Ahmedabad and continues to ensure regulatory compliance across all operational aspects.

The submission of this quarterly compliance certificate reinforces the company's adherence to SEBI regulations and maintains transparency in its securities handling processes through its appointed registrar and transfer agent.

Prudent Corporate Advisory Services Limited conducted its Q3FY26 earnings conference call on January 28, 2026, hosted by ICICI Securities Limited. The management team, led by Chairman and Managing Director Sanjay Shah and CEO Shirish Patel, discussed the company's strong quarterly performance and strategic outlook with analysts and investors.

AUM Growth Momentum and Market Performance

The company demonstrated robust AUM growth momentum during Q3FY26, with quarterly average AUM reaching ₹127,600 crores. The management highlighted strong resilience in business fundamentals despite market volatility, with equity net sales crossing ₹1,200 crores in January 2026.

SIP Performance and Market Share Expansion

The company's SIP book showed consistent growth, reaching ₹1,135 crores as of December 2025 and further expanding to ₹1,170 crores currently. Market share in SIP flows improved by 20 basis points year-on-year to 3.5%, with management targeting ₹1,200 crores monthly SIP flows by March 2026.

Indus Capital Acquisition Integration

Management provided positive updates on the Indus Capital acquisition integration, completed on October 1, 2025. The acquisition has proven highly cash accretive, contributing ₹571.97 crores in commission income during Q3FY26. The integration involves 15 experienced relationship managers under seasoned leadership, with client meetings showing significant comfort regarding the transition.

SEBI TER Changes and Strategic Impact

The management discussed recent SEBI changes to Total Expense Ratio (TER) regulations, effective April 2026. Key changes include TER calculations becoming exclusive of GST and removal of 5 basis points exit load benefit. While revenue neutral for GST-registered distributors, the changes create a level playing field and strategic advantages for attracting smaller distributors to the Prudent platform.

Insurance Business and Product Diversification

The insurance segment showed mixed performance with premium growth of 13% sequentially, though revenue growth moderated to 3.6% due to GST-related rate rationalization in health insurance. Life insurance impact was contained to less than 10% through successful renegotiation with manufacturers.

Strategic Outlook and Capital Deployment

With a treasury corpus of ₹537 crores, the company remains well-positioned for strategic acquisitions similar to Indus Capital. Management expressed confidence in identifying quality distribution assets with experienced teams, leveraging their successful integration experience for future growth opportunities.

Operational Highlights

The company reported record-breaking performance across multiple metrics in January 2026, including highest-ever net sales, SIP registrations, and health insurance business. Employee strength stood at 1,539 as of December 31, 2025, supporting the expanded operations post-acquisition.

Source: Earnings conference call transcript dated January 28, 2026