Prime Industries Board approves ₹42 preferential issue of 27.30 lakh shares

Prime Industries Ltd's Board of Directors, in a meeting on September 20, 2026, approved several key proposals. The board sanctioned an increase in the company's Authorized Share Capital from ₹35 crore to ₹40 crore, comprising 8 crore equity shares of ₹5 each, subject to shareholder approval at the upcoming AGM. A significant decision was the approval for a preferential issue of up to 27.30 lakh equity shares to the non-promoter category at a price of ₹42 per share, also contingent on shareholder and regulatory approvals. Additionally, the board appointed Mr. Deepak Handa as an Additional Director (Non-Executive), CS Diksha Tiwari as Company Secretary and Compliance Officer, and M/s. Modi Harsh & Co. as Internal Auditor for FY2026-27. The board also approved the Annual Report for FY2026 and the notice for the 34th Annual General Meeting.