Prime Industries Board Approves Capital Hike, 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 27.30 lakh equity shares to the non-promoter category at ₹42 per share, both subject to shareholder approval. The board also approved the appointment of Mr. Deepak Handa as Additional Director (Non-Executive) and CS Diksha Tiwari as Company Secretary and Compliance Officer. Furthermore, M/s. Modi Harsh & Co. was appointed as the Internal Auditor for FY2026-27, and an alteration to the object clause of the Memorandum of Association was approved. The Annual Report for FY2026 and the notice for the 34th Annual General Meeting were also approved.
Key Highlights
- Authorized Share Capital to increase from ₹35 Cr to ₹40 Cr.
- Preferential issue of 27.30 lakh equity shares at ₹42 each to non-promoters.
- Mr. Deepak Handa appointed as Additional Director (Non-Executive).
- CS Diksha Tiwari appointed as Company Secretary and Compliance Officer.
- Board approved alteration of the Memorandum of Association's object clause.
Price Impact
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