Prime Securities Limited

Prime Securities has informed the exchanges that to safeguard shareholder interest, Prime Broking Company (India) had filed an appeal with the Supreme Court against the order passed by the the Securities Appellate Tribunal. The Supreme Court had admitted the appeal on September 11. Earlier, SAT had upheld the decision of NSE’s clearing corporation in declaring the broker a defaulter. The committee of the National Securities Clearing Corporation in October 2013 had declared Prime Broking a defaulter for its failure to fulfil settlement obligations. Shares of Prime Securities edged down 3.13 per cent at ₹4.65 on the BSE.