Prime Industries Board approves capital hike, ₹42 preferential issue
Prime Industries Ltd's Board of Directors, in a meeting held on September 20, 2026, approved several key proposals. These include increasing the authorized share capital from ₹35 crore to ₹40 crore and a preferential issue of up to 27.3 lakh equity shares to non-promoters at ₹42 per share, both subject to shareholder approval. The Board also 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 FY 2026-27. Additionally, alterations to the Memorandum of Association's object clause were approved, along with the Annual Report for FY 2025-26 and the notice for the 34th Annual General Meeting, setting cut-off dates for dispatch and e-voting.
Key Highlights
- Board approved increasing authorized share capital to ₹40 crore.
- Preferential issue of 27.3 lakh shares at ₹42 each approved.
- New Additional Director, Company Secretary, and Internal Auditor appointed.
- Annual Report for FY26 and 34th AGM notice were approved.
- Alteration to the MOA object clause also received board approval.
Price Impact
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