Prime Industries Acquires 50.001% Stake in Linga Agri Trading and Machinery for Rs. 2.04 Crores

The Board of Prime Industries Ltd took note of the execution of share purchase agreements through which it has acquired an equity stake equivalent to 50.001% in Linga Agri Trading and Machinery Private Limited. Linga is a Private Limited Company based in Tamil Nadu, India, with a focus on manufacturing agricultural machinery. The acquisition cost was approximately Rs. 2.04 Crores. Linga's revenue from operations was Rs. 7.24 Crore as of March 31, 2024, and Rs. 19.31 Crore as of March 31, 2025. The acquisition does not fall under related party transactions and the promoter/promoter group/group companies have no interest in the entity being acquired. The acquisition is a strategic step for Prime Industries to foray into the agricultural sector.