Prime Industries Board approves ₹5 Cr capital hike, ₹11.46 Cr preferential issue

Prime Industries Ltd's board of directors, in a meeting held on September 20, 2026, approved several key proposals. These include an increase in the authorized share capital from ₹35,00,00,000/- to ₹40,00,00,000/-, subject to shareholder approval. The board also approved a preferential issue of up to 27,30,000 equity shares to the non-promoter category at ₹42/- per share, totaling ₹11.466 Cr, also subject to shareholder and regulatory approvals. Additionally, the board approved the appointment of Mr. Deepak Handa as 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. Other approvals include alteration of the Memorandum of Association's object clause, approval of the Annual Report and Directors' Report for FY2026, and the notice for the 34th Annual General Meeting.