August 12, 2022 | |
Corporate Relationship Department | Capital Markets - Listing |
BSE Limited | National Stock Exchange of India Limited |
Phiroze Jeejeebhoy Towers, | Exchange Plaza, 5th Floor, Plot No. C/1, |
Dalal Street, | G Block, Bandra Kurla Complex, |
Fort, Mumbai 400001 | Bandra (East), Mumbai 400051 |
Dear Sir, |
Sub: Disclosure in terms of Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Statement of Nil Deviation or Variation
Re: Stock Code: 500337 (BSE) / PRIMESECU (NSE)
Pursuant to Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019, a Statement of Nil Deviation / Variation in utilization of funds raised for the Quarter ended June 30, 2022, is submitted herewith.
This is for your information and records.
Thanking you,
Yours faithfully,
For Prime Securities Limited
Ajay Shah
Company Secretary
(ACS-14359)
Statement of Deviation or Variation in utilization of funds raised
Name of listed entity | Prime Securities Limited | |||||||||
Mode of Fund Raising | Preferential Issue | |||||||||
Date of Raising Funds | November, 12 2021 to November 16, 2021 | |||||||||
Amount Raised | Rs. 40.38 Crores | |||||||||
Report filed for Quarter ended | June 30, 2022 | |||||||||
Monitoring Agency | Not Applicable | |||||||||
Monitoring Agency Name, if applicable | ||||||||||
Is there a Deviation / Variation in use of funds raised | No | |||||||||
If yes, whether the same is pursuant to change in terms | ||||||||||
of a contract or objects, which was approved by the | ||||||||||
shareholders | Not Applicable | |||||||||
If yes, date of shareholder approval | ||||||||||
Explanation for the Deviation / Variation | ||||||||||
Comments of the Audit Committee after review | "Nil" Statement as on June 30, 2022, was placed | |||||||||
before the Audit Committee at its Meeting held | ||||||||||
on August 12, 2022 | ||||||||||
Comments of the Auditors, if any | None | |||||||||
Objects for which funds have been raised and where | Not Applicable | |||||||||
there has been a deviation, in the following table | ||||||||||
Original Object | Modified | Original | Modified | Funds | Amount of Deviation / | Remarks | ||||
Object, | Allocation | allocation, | Utilised | Variation for the | if any | |||||
if any | if any | quarter according to | ||||||||
applicable object | ||||||||||
Making | Not | Rs. 40.38 | Not | Nil | Nil | None | ||||
investments in one | Applicable | Crores | Applicable | |||||||
or more digitally | ||||||||||
powered platforms | ||||||||||
or marketplace |
Deviation or Variation could mean:
- Deviation in the objects or purposes for which the funds have been raised
- Deviation in the amount of funds actually utilized as against what was originally disclosed or
- Change in terms of a contract referred to in the fund-raising document i.e., prospectus, letter of offer, etc.
For Prime Securities Limited
Ajay Shah
Company Secretary
(ACS-14359)
Mumbai, August 12, 2022
Prime Securities Limited
1109 / 1110, Maker Chambers V, | |
Nariman Point, Mumbai 400021 | Tel : +91-22-6184 2525 |
CIN: L67120MH1982PLC026724 | Fax : +91-22-2497 0777 |
www.primesec.com |