Wasatch Advisors LP reduces shareholding in Prudent Corporate Advisory Services Ltd to 3.29%

Prudent Corporate Advisory Services has received a disclosure from Wasatch Advisors LP regarding a reduction in shareholding under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The US-based investment management firm has marginally decreased its stake in the Indian corporate advisory services company through an open market transaction.

Transaction Details

The shareholding adjustment involved the sale of 2,982 equity shares carrying voting rights on January 7, 2026. This transaction represents a 0.04% reduction in Wasatch Advisors LP's ownership percentage in Prudent Corporate Advisory Services Ltd.

Parameter	Before Transaction	Transaction	After Transaction
Shares Held	1,364,573	-2,982	1,361,591
Shareholding %	3.33%	-0.04%	3.29%
Transaction Mode	-	Open Market Sale	-

Company Share Capital Structure

Prudent Corporate Advisory Services Ltd maintains a total equity share capital of ₹20.70 crores, based on a par value of ₹5.00 per share. The company has 41,406,700 total issued shares, which represents both the current and diluted share capital as no convertible securities or warrants are outstanding.

Share Capital Details	Value
Total Equity Capital	₹20.70 crores
Par Value per Share	₹5.00
Total Issued Shares	41,406,700
Diluted Share Capital	41,406,700

Acquirer Information

Wasatch Advisors LP, based in Salt Lake City, Utah, does not belong to the promoter or promoter group of Prudent Corporate Advisory Services Ltd. The disclosure was signed by Dan Thurber, Vice President and General Counsel of Wasatch Advisors LP, on January 8, 2026. The firm operates from 505 Wakara Way, 3rd Floor, Salt Lake City, UT 84108, USA.

Regulatory Compliance

The transaction disclosure was submitted to both BSE and NSE, where Prudent Corporate Advisory Services Ltd shares are listed under scrip codes 543527 and PRUDENT respectively. The disclosure fulfills the regulatory requirements under SEBI's substantial acquisition norms, which mandate reporting of changes in shareholding by entities holding significant stakes in listed companies.

The sale represents a routine portfolio adjustment by the international investment firm, with no indication of any strategic shift in its investment approach toward the Indian corporate advisory sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.40%	-1.99%	-3.17%	-5.56%	-7.89%	+345.18%

Prudent Corporate Advisory Services Limited , a leading wealth management and financial services firm, has reported robust growth in its second quarter of fiscal year 2026, despite facing regulatory challenges in the insurance sector.

Strong AUM Growth and SIP Performance

The company's Assets Under Management (AUM) reached INR 127,000.00 crores, marking an 11% increase from the first half of FY26. The quarterly average AUM grew by 17% year-on-year and 8% quarter-on-quarter, reflecting steady business momentum. Notably, the equity AUM saw a 13.2% year-on-year growth, reaching INR 117,650.00 crores in September 2025.

Prudent Corporate Advisory Services' Systematic Investment Plan (SIP) book demonstrated resilience, with monthly SIP inflows standing at INR 1,085.00 crores as of September 2025. The company added approximately INR 210.00 crores over the last 12 months, improving its market share to 3.5%.

Financial Performance Highlights

Metric	Performance
Mutual Fund Revenue Growth	9.00%
Insurance Revenue Growth	11.50%
Retail Health Fresh Premium Growth	33.00%

The company's mutual fund revenue increased by 9.00% quarter-on-quarter, driven by stable yield and an additional day in the quarter. Insurance revenue grew by 11.50% sequentially, with retail health fresh premiums showing a strong 33.00% year-on-year growth.

Regulatory Impact and Strategic Moves

Prudent Corporate Advisory Services is navigating through regulatory changes in both the insurance and mutual fund sectors:

Insurance Sector GST Impact: The company is facing varying impacts across life and health insurance segments due to recent GST-related changes. In health insurance, about 70% of the business saw an 18% cut in revenue due to GST transfer, while in life insurance, approximately 30% of the business was affected.
SEBI Consultation Paper: The company is analyzing the potential impact of SEBI's recent consultation paper on mutual funds, particularly regarding changes in the Total Expense Ratio (TER). Management believes that while there might be a 6-7 basis point impact on TER, the company is well-positioned to manage this change.
Indus Acquisition: Prudent Corporate Advisory Services successfully completed the merger of Indus, adding INR 2,050.00 crores to its AUM. This acquisition is expected to contribute INR 22.00-23.00 crores in annualized mutual fund commission and approximately INR 15.00 crores in cash profit before tax.

Employee Stock Option Plan (ESOP)

The company has granted 130,945 options to 388 employees, with an expected P&L impact of INR 7.10 crores to be amortized over the next 12 months.

Future Outlook

Despite regulatory challenges, Prudent Corporate Advisory Services remains optimistic about its growth prospects. The company's strong distributor network, growing SIP book, and strategic acquisitions position it well for continued expansion in the wealth management sector.

Sanjay Shah, Chairman and Managing Director, commented, "We continue to see growing interest from distributors seeking alignment with scale and technology-driven platforms. Our robust treasury corpus of INR 480.00 crores provides us with the flexibility to pursue select inorganic opportunities that are strategically relevant and value-accretive."

As the financial services landscape evolves, Prudent Corporate Advisory Services appears well-equipped to navigate regulatory changes while maintaining its growth trajectory in the Indian wealth management market.