1966 - The Company allotted 22,87,500 new equity shares of Rs 10 each at
a prem. of Rs 30 per share and 66,00,000 No. of equity warrants
entitling the holders to an equity share against each warrant at
a price of Rs 40 per share.
1982 - The Company was incorporated in the name of Suvibha Investment
Company Private Limited on March 20. The Company became a Public
Company in July, 1984. The name was subsequently changed in
November, 1990 to Prime securities Limited. The name was
subsequently changed to Prime Securities Limited on November 29,
1990. Thereafter the Company became a Public Company by passing
a Special Resolution on March 16, 1992 and obtaining fresh
Certificate of Incorporation dated February 25, 1993. The
Company is involved in the business of trading in equity,
merchant banking advisory services, foreign exchange advisory
services, equity research etc.
1994 - The Company set up a joint venture with N.M. Rothschild Group, a
investment banker from U.K.
- The Company issued 1,20,000-12% unsecured non convertible
debentures of Rs 100 each to domestic corporate bodies and
5,00,000-14.5% unsecured non-convertible debentures of Rs 100
each (Series III) to the Union Bank of India.
1995 - The Asset Management side of the business was established with
the launching of India fun in collaboration with N.M. Rothschild
Group for management of overseas institutional money for
investment in Indian market.
1996 - The working of the Company was affected due to continued
sluggishness and adverse conditions prevailed in the financial
services sector. During the year, the Company decided to
discontinue the business of Forex Advisory services and closed
down its Delhi and Bangalore offices.
- The Company received an offer from Worldsec International Ltd. an
affiliate of The Bank of Tokyo Mitsubishi, to invest US $5
Million in Prime Broking Company (India) Ltd. (PBCIL).
- Prime Broking Company (India) Ltd. (PBCIL) and Prime Research &
Advisory Ltd. (PRAL) became wholly-owned subsidiaries of the
- The Company allotted 7,50,000 new equity share of Rs 10 each at
a premium of Rs 30 per share to the holders of Equity Warrants
issued in 1996.
- 20 equity shares subscribed for by signatories to the memorandum
of Associates. 11,45,000 shares allotted on private placement
basis. 28,62,550 bonus shares issued in prop. 5:2. 9,95,100
shares allotted to shareholders of GE Shipping on preferential
basis. 60,11,355 rights shares issued. 55,00,000 No. of equity
shares of Rs 10 each were issued at a prem. of Rs 91 per share
through a prospectus in July 1994 of which 7,800 shares were
issued as preferential allotment basis to employees (7,400 shares
taken up). 2,00,000 shares allotted on a firm basis to UTI.
Balance 52,42,200 shares along with 400 shares not taken up by
employees issued to the public. Additional 3,300 shares
allotted. During Sept. 1994, 24,00,000 No. equity shares
allotted on excercise of warrants. 22,87,500 No. of equity
shares allotted on preferential basis.
1997 - 750,000 No. of equity shares of Rs 10 each (prem. Rs 30 per
share) allotted to holders of Equity Warrants issued in 1996.
2002-Prime Securities Ltd has informed that Mr Jaymant Gandhi has resigned as Whole-Time Director of the Company with effect from November 30, 2002.
-Prime Securities Ltd has informed that Mr. Nikhil Shah has been appointed as a Whole-Time Director of the company w.e.f. June 26, 2003.
-Shareholders approved voluntary delisting of shares from Ahmedabad and Delhi Stock Exchanges.
-Board approves preferential issue of warrants
-Prime Securities Ltd has informed that the Company is in receipt of a letter from The Delhi Stock Exchange Association Limited confirming delisting of shares of the Company from their Stock Exchange w.e.f. January 23, 2004.
-Company has designated the e-mail ID for the purpose of registering complaints by the investors as follows:
E mail IDprime@primesec.com
- Prime Securities Ltd has inducted Mr. R Ramachandran as a Whole-Time Director of the Company w.e.f. December 01, 2008.
-Registered Office of the Company has been shifted To Ashford Centre, 7th Floor,Shankarrao Naram Marg, Opp. Peninsula Corporate Park, Lower Parel, Mumbai- 400013.
-Prime Securities Ltd has informed that the Board of Directors has approved shifting of Registered Office of the Company w.e.f. February 14, 2014 to the following address: Prime Securities Limited 1109/1110, Maker Chamber V, Nariman Point, Mumbai - 400021. Tel: +91-22-61842525, Fax: +91-22-24970777.