Board approves ₹5 Cr capital hike, ₹11.47 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 company's Authorised Share Capital from ₹35 crore to ₹40 crore, subject to shareholder approval. The board also approved a preferential issue of up to 27.30 lakh equity shares to the Non-Promoter category at ₹42 per share, totaling approximately ₹11.47 crore, also subject to shareholder and regulatory approvals. Additionally, the board approved the appointment of Mr. Deepak Handa as Additional Non-Executive Director, CS Diksha Tiwari as Company Secretary and Compliance Officer, and M/s. Modi Harsh & Co. as Internal Auditor for FY2026-27. Other approvals included alteration of the Memorandum of Association's object clause, the Annual Report for FY2026, and the notice for the 34th Annual General Meeting.