INTEGRATED FILING — NBFC



General information about company

Scrip code 500337
NSE Symbol PRIMESECU
MSEI Symbol NOTLISTED
ISIN INE032B01021
Name of company PRIME SECURITIES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 22-Jul-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 14-Jul-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Single segment
Description of single segment Financial Advisory & Intermediation Services
Start date and time of board meeting 22-Jul-2025   13:30:00
End date and time of board meeting 22-Jul-2025   16:00:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion


Financial Results — NBFC
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025 01-Apr-2025
B Date of end of reporting period 30-Jun-2025 30-Jun-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations
(i) Interest Income 6200000 6200000
(ii) Dividend Income 0 0
(iii) Rental Income 0 0
(iv) Fees and commission Income 396100000 396100000
(v) Net gain on fair value changes 59900000 59900000
(vi) Net gain on derecognition of financial instruments under amortised cost category 0 0
(vii) Sale of products (including Excise Duty) 0 0
(viii) Sale of services 0 0
(ix) Other revenue from operations
Total other revenue from operations
Total Revenue From Operations 462200000 462200000
Other income 6900000 6900000
Total income 469100000 469100000
2 Expenses
Cost of materials consumed 0 0
Purchases of stock-in-trade 0 0
Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
Employee benefit expense 119100000 119100000
Finance costs 1000000 1000000
Depreciation, depletion and amortisation expense 5100000 5100000
Fees and commission expense 27800000 27800000
Net loss on fair value changes 0 0
Net loss on derecognition of financial instruments under amortised cost category 0 0
Impairment on financial instruments 86200000 86200000
(f) Other expenses
1 Other expenses 65300000
Total other expenses 65300000 65300000
Total expenses 304500000 304500000
3 Total profit before exceptional items and tax 164600000 164600000
4 Exceptional items 0 0
5 Total profit before tax 164600000 164600000
7 Tax expense
8 Current tax 51800000 51800000
9 Deferred tax 4000000 4000000
10 Total tax expenses 55800000 55800000
11 Net Profit Loss for the period from continuing operations 108800000 108800000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
17 Net profit (loss) from discontinued operation after tax 0 0
14 Share of profit (loss) of associates and joint ventures accounted for using equity method -4000000 -4000000
15 Total profit (loss) for period 104800000 104800000
16 Other comprehensive income net of taxes 18400000 18400000
17 Total Comprehensive Income for the period 123200000 123200000
18 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 0 0
Total profit or loss, attributable to non-controlling interests 0 0
19 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 0 0
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0 0
20 Details of equity share capital
Paid-up equity share capital 168100000 168100000
Face value of equity share capital 5 5
21 Reserves excluding revaluation reserve
22 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings per share from continuing operations 3.23 3.23
Diluted earnings per share from continuing operations 3.15 3.15
ii Earnings per equity share for discontinued operations
Basic earnings per share from discontinued operations 0 0
Diluted earnings per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings per share 3.23 3.23
Diluted earnings per share 3.15 3.15
23 Debt equity ratio
24 Debt service coverage ratio
25 Interest service coverage ratio
26 Disclosure of notes on financial results Textual Information(1)


Remarks
23 Debt equity ratio
24 Debt service coverage ratio
25 Interest service coverage ratio


Text Block
Textual Information(1) 1. The above consolidated financial results have been prepared in accordance with the recognition and measurement principles laid down in the Companies (Indian Accounting Standard) Rules, 2015 (“Ind-AS”) prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with the requirements of Regulation 33 and Regulation 52 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015 as amended from time to time. The consolidated financial results were reviewed by Audit Committee and approved and taken on record by the Board of Directors at its Meeting held on July 22, 2025. The results for the quarter ended June 30, 2025, have been reviewed by the statutory auditors of the Company and they have expressed an unmodified audit conclusion on these consolidated financial results. The results are available on the stock exchanges websites at www.bseindia.com / www.nseindia.com and on the website of the Company at www.primesec.com. 2.The consolidated financial results include the unaudited financial results of subsidiary companies as referred in note 9 and the share of profit / (loss) attributable to the extent of holding based on unaudited financials of associate i.e. Ark Neo Financial Service Private Limited. 3.Exceptional item for the year ended March 31, 2025 represent the net gain on sale of a residential flat during the quarter ended June 30, 2024, calculated on the basis of realisation of sale price, net of directly allocatable expenses as reduced by the cost of flat. 4. Pursuant to the amendment approved by the shareholders at their meeting held on June 13, 2023, to the object clause for the utilization of funds received against the issue of equity shares in November 2021 to specified investors on a preferential basis, the holding company have fully utilised in terms of the permitted objects. 5. The holding Company had made a provision of INR 188 lakhs up to December 31, 2024 in respect of delays in recovery of its invoices in accordance with its policy in this regard. The management has agreed to a client’s request for an extended credit period as the plans arising out of the assignment have been delayed in implementation for reasons beyond the client’s control. The extended credit period meant actual recovery upto Third Quarter of F.Y. 2025-2026. The holding Company has therefore decided not to make further provision of INR 150 lakhs for the receivable. 6. During the quarter, the subsidiary Company Prime Research and Advisory Limited (PRAL) has recognized revenue of Rs. 2,795 lakhs towards corporate advisory services pursuant to a non-circumvention clause included in the advisory contract executed with a client. The revenue is recognised based on documentary evidences available with PRAL. PRAL has taken necessary steps to safeguard its claim including serving a formal demand notice to the client through its legal advisors. As of the reporting date, no formal response has been received from the client. Based on the legal advice, the substance of the arrangement, and the ongoing engagement with the client, PRAL considers the full revenue to be good and recoverable. Accordingly, no provision for doubtful receivables has been recorded. 7. PRAL Management Consultancies LLC (PMCL), in the current quarter, is set-up by Prime Securities Limited (PSL) to set up a business unit as 100% Subsidiary. The expenses incurred for incorporation and relevant set-up costs have been funded as Equity by PSL. All costs incurred have been debited to expenses account and are funded by the equity infusion. The net worth thus is eroded. Being in the first year, and there being no external liabilities, and based on the strength of the PSL, PMCL is classified as a going concern. 8. The Holding Company, during the quarter ended June 30, 2025 subscribed to Optionally Convertible Debentures of INR 50 lakhs into Ark Neo Financial Services Private Limited (Ark Neo). The Company has acquired 41.68% equity stake in Ark Neo from the Promoters of Ark Neo in previous year. 9. As at June 30, 2025 the Holding Company has the following subsidiaries / associates: Subsidiaries: Prime Research and Advisory Limited - Incorporated in India - Wholly-owned Subsidiary of Prime Securities Limited Prime Trigen Wealth Limited - Incorporated in India - Wholly-owned Subsidiary of Prime Securities Limited Prime Advisory Partners Limited - Incorporated in United Kingdom (UK) - 90.91% Subsidiary of Prime Securities Limited PRAL Management Consultancies LLC - Incorporated in United Arab Emirates (UAE) - Wholly-owned Subsidiary of Prime Securities Limited Stepdown Subsidiaries: Prime Global Asset Management PTE Limited - Incorporated in Singapore – 60% Subsidiary of Prime Research & Advisory Limited Prime Litmus Investment Management Limited - Incorporated in India - 75% Subsidiary of Prime Research & Advisory Limited Prime Litmus Ventures LLP - Incorporated in India - 99.80% Subsidiary of Prime Research & Advisory Limited Associates: Ark Neo Financial Services Private Limited - Incorporated in India - 41.68% Associate of Prime Securities Limited 10. The Group has only one segment of business i.e. Financial Advisory and Intermediation services. There are no separate reportable segments in terms of Ind-AS 108. 11. The amounts reflected as 0 in the financial information are values with less than rupees one lakh. 12. Previous quarter / period and year ended figures have been regrouped / reclassified, wherever necessary, to confirm to the current quarter / period presentation, the impact of such restatements / regroupings are not material to Financial Statements.




Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025 01-Apr-2025
B Date of end of reporting period 30-Jun-2025 30-Jun-2025
Whether accounts are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets
Net Segment Asset
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities
Net Segment Liabilities
Disclosure of notes on segments


Other Comprehensive Income
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025 01-Apr-2025
B Date of end of reporting period 30-Jun-2025 30-Jun-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of defined employee benefit plans -2500000 -2500000
2 Remeasurement gain/ (loss) on fair valuation of investments in equity instruments 23700000 23700000
Total Amount of items that will not be reclassified to profit and loss 21200000 21200000
2 Income tax relating to items that will not be reclassified to profit or loss 2800000 2800000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income 18400000 18400000




Details of Impact of Audit Qualification
Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Sharp and Tanan Associates Yes 30-Apr-2028