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Prime Securities CEO, MD, chairman, board of directors and AGM

NSE: PRIMESECUBSE: 500337FinanceSmall Cap

Last close ₹267.75down ₹3.55 (1.31%)BSE ₹265.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹271.30.

52-week range of traded prices to 23 Oct 2026
₹246.90Low, 23 Oct 2026₹325.00High, 13 Nov 2025
Market cap
₹910 Cr1,512th largest listed
P/E
147.7
P/E without one-offs
47.2
P/B
3.5
Dividend yield
Nonein the last 12 months
ROE
2.7%
ROE without one-offs
8.3%
ROCE
3.4%
Debt to equity
0.01
Volume, NSE
1,49,52377.2% delivered

Prime Securities board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Managing director and CEOJayakumar Narayanswami
  • ChairpersonMayank Malik
  • Company Secretary and Compliance OfficerAjay Shah

6 directors3 independent2 executive1 non-executive

  • Jayakumar Narayanswami · Managing director and CEOExecutive · joined Feb 2021 · reappointed Feb 2021 · 0 months as independent · 1 listed board
  • Akshay GuptaExecutive · joined Aug 2019 · reappointed Mar 2023 · 0 months as independent · 1 listed board
  • Smeeta BhatkalIndependent · joined Jun 2023 · reappointed Jun 2023 · 37 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • Ashok KackerIndependent · joined Sep 2022 · reappointed Sep 2022 · 45 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Mayank Malik · ChairpersonIndependent · joined Jun 2023 · reappointed Jun 2023 · 34 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Sujit Kumar VarmaNon-executive · joined Sep 2022 · reappointed Sep 2022 · 0 months as independent · 5 listed boards · 4 as independent · 9 committee seats, 3 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 29 May 20266 of 6 present3 independent · 128 days in between
    • 20 Jan 20266 of 6 present3 independent
  • Audit Committee

    Chair Smeeta Bhatkal

    Mayank Malik, Ashok Kacker

    • 29 May 20263 of 3 present3 independent · 128 days in between
    • 20 Jan 20263 of 3 present3 independent
  • Nomination and remuneration committee

    Chair Mayank Malik

    Smeeta Bhatkal, Sujit Kumar Varma

    • 27 May 20263 of 3 present2 independent
  • Stakeholders Relationship Committee

    Chair Sujit Kumar Varma

    Mayank Malik, Ashok Kacker

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair Ashok Kacker

    Sujit Kumar Varma, Smeeta Bhatkal

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Jun 2026.

  • Sharp and Tanan AssociatesPeer-review certificate valid to Apr 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Prime Securities AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Prime Securities dividend history

Annual general meeting, 29 Sep 2026

17,753 shareholders on the register on 22 Sep 2026; present: 0 promoters and 46 others; votes counted by PRAMOD S. SHAH / PRAMOD S. SHAH & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a) the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026 together with the Reports of the Board of Directors and Independent Auditors thereon; b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 together with the Reports of the Independent Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 44.31% · promoters 0.00% · institutions 50.44% · other public 43.63%

  2. Re-appointment of Director
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 44.31% · promoters 0.00% · institutions 50.44% · other public 43.63%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 16 Apr 2026, 1 resolution

18,390 shareholders on the register on 13 Mar 2026; votes counted by PRAMOD S. SHAH / PRAMOD S. SHAH & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Re-Appointment of Mr. N. Jayakumar as Managing Director and Group CEO and payment of remuneration
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.14% · other public 0.00%

    Turnout: all 57.42% · promoters 0.00% · institutions 95.69% · other public 53.14%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 3 Jul 2025, 5 resolutions

20,943 shareholders on the register on 26 Jun 2025; present: 0 promoters and 52 others; votes counted by PRAMOD S. SHAH / PRAMOD S. SHAH & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a) the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025 together with the Reports of the Board of Directors and Independent Auditors thereon; b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025 together with the Reports of the Independent Auditors thereon.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 58.56% · promoters 0.00% · institutions 99.01% · other public 54.35%

  2. Declaration of Dividend
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 58.56% · promoters 0.00% · institutions 99.01% · other public 54.35%

  3. Re-appointment of Director
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 58.56% · promoters 0.00% · institutions 99.01% · other public 54.35%

  4. Appointment of Secretarial Auditor
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 58.56% · promoters 0.00% · institutions 99.01% · other public 54.35%

  5. Payment of Remuneration to Mr. N. Jayakumar as Managing Director and Group CEO
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 58.56% · promoters 0.00% · institutions 99.01% · other public 54.35%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 21 Apr 2025, 1 resolution

21,915 shareholders on the register on 14 Apr 2025; present: 0 promoters and 50 others; votes counted by Pramod S. Shah / Pramod S. Shah & Associates.The company's voting result (opens in a new tab)

  1. Approval for Buy-Back of Equity Shares of the Company
    SpecialNot passedRecorded as not passed although most votes were for it; no reason is given
    62.71% for37.29% against

    Against: promoters 0.00% · institutions 0.00% · other public 41.30%

    Turnout: all 50.45% · promoters 0.00% · institutions 51.48% · other public 50.34%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Jun 2024, 7 resolutions

Present: 0 promoters and 48 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a) the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2024 together with the Reports of the Board of Directors and Independent Auditors thereon; b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2024 together with the Reports of the Independent Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 53.80% · promoters 0.00% · institutions 45.13% · other public 54.84%

  2. Declaration of Dividend
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 53.80% · promoters 0.00% · institutions 45.13% · other public 54.84%

  3. Re-appointment of Director
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 53.80% · promoters 0.00% · institutions 45.13% · other public 54.84%

  4. Appointment of Statutory Auditors and fix their Remuneration
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 53.80% · promoters 0.00% · institutions 45.13% · other public 54.84%

  5. Remuneration to Non-Executive Directors
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 53.80% · promoters 0.00% · institutions 45.13% · other public 54.84%

  6. Payment of Remuneration to Mr. N. Jayakumar as Managing Director and Group CEO
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 53.80% · promoters 0.00% · institutions 45.13% · other public 54.84%

  7. Change in the Objects Clause for the utilization of funds raised in the Preferential Issue of Equity Shares in November 2018
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 53.80% · promoters 0.00% · institutions 45.13% · other public 54.84%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 6 Oct 2023, 2 resolutions

The company's voting result (opens in a new tab)

  1. Change in designation of Mr. Ashok Kacker (DIN: 01647408) from Non-Executive and Non-Independent Director to Non-Executive and Independent Director of the Company
    Special
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 1.69% · other public 0.01%

    Turnout: all 33.60% · promoters 0.00% · institutions 34.13% · other public 33.55%

  2. Alteration of Authorised Share Capital
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 33.60% · promoters 0.00% · institutions 34.13% · other public 33.55%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 13 Jun 2023, 6 resolutions

Present: 0 promoters and 52 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a) the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2023 together with the Reports of the Board of Directors and Independent Auditors thereon; b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2023 together with the Reports of the Independent Auditors thereon.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 50.78% · promoters 0.00% · institutions 68.36% · other public 49.74%

  2. Declaration of Dividend
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 50.78% · promoters 0.00% · institutions 68.36% · other public 49.74%

  3. Re-appointment of Director
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 50.78% · promoters 0.00% · institutions 68.36% · other public 49.74%

  4. Alteration of Articles of Association
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 50.78% · promoters 0.00% · institutions 68.36% · other public 49.74%

  5. Appointment of Mr. Mayank Malik as a Non-Executive and Independent Director
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 50.78% · promoters 0.00% · institutions 68.36% · other public 49.74%

  6. Appointment of Ms. Smeeta Harsha Bhatkal as a Non-Executive and Independent Director
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 51.18% · promoters 0.00% · institutions 68.36% · other public 50.16%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 3 May 2023, 2 resolutions

The company's voting result (opens in a new tab)

  1. Change in the Objects Clause for the utilization of funds raised in the Preferential Issue of Equity Shares in November 2021
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 51.83% · promoters 0.00% · institutions 63.14% · other public 51.13%

  2. Change in designation of Mr. Akshay Gupta (DIN: 01272080) from Non-Executive and Non-Independent Director to Whole-time Director of thenCompany
    Special
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 1.50% · other public 0.00%

    Turnout: all 48.83% · promoters 0.00% · institutions 63.14% · other public 47.95%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 16 Apr 2026, 1 fund house

  • Re-Appointment of Mr. N. Jayakumar as Managing Director and Group CEO and payment of remuneration
    1 for0 against

Mutual fund votes, meeting of 3 Jul 2025, 1 fund house

  • To receive, consider and adopt: a) the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025 together with the Reports of the Board of Directors and Independent Auditors thereon; b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025 together with the Reports of the Independent Auditors thereon.MoreLess
    1 for0 against
  • Declaration of Dividend
    1 for0 against
  • Re-appointment of Director
    1 for0 against
  • Appointment of Secretarial Auditor
    1 for0 against
  • Payment of Remuneration to Mr. N. Jayakumar as Managing Director and Group CEO
    1 for0 against
2 earlier meetings

Mutual fund votes, meeting of 21 Apr 2025, 1 fund house

  • Approval for Buy-Back of Equity Shares of the Company
    1 for0 against

Mutual fund votes, meeting of 27 Jun 2024, 1 fund house

  • Change in the Objects Clause for the utilization of funds raised in the Preferential Issue of Equity Shares in November 2018
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Stakes in unlisted companies

Reported in the filing for the quarter to Jun 2026.

  • Unlisted stake heldNASince 30 Jun 2026

    0.00% bought in the quarter; holding 0.00%, from 0.00%

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Mar 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
No
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Mar 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhereReason and comments
Preferential IssuesNov 202140.38a) Making investments in one or more digitally powered platforms or marketplace; b) Making investments in one or more companies involved in financial services / manufacturing and distribution of financial products, mutual fund products, Alternate Investment Funds (AIFs), Wealth Management and Portfolio Management products / products involving financial inclusion and general corporate purposes; c) Making investments in office infrastructure; d) General corporate purposes not exceeding exceed INR 1,000 lakhs, being less than 25% of the total funds raised.40.3839.31NoAudit committee: Statement as on March 31, 2025, was placed before the Audit Committee at its Meeting held on April 24, 2025
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.