Prime Industries Board Approves Capital Hike to ₹40 Cr, Preferential Issue
Prime Industries Ltd's board of directors, in a meeting 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 capital changes are subject to shareholder approval at the upcoming Annual General Meeting (AGM). Additionally, the board approved the alteration of the company's Memorandum of Association, appointed Mr. Deepak Handa as Additional Director, CS Diksha Tiwari as Company Secretary and Compliance Officer, and M/s. Modi Harsh & Co. as Internal Auditor. The board also approved the Annual Report for FY2026 and the notice for the 34th AGM.
Key Highlights
- Authorized share capital increased from ₹35 Cr to ₹40 Cr.
- Preferential issue of 27.3 lakh shares at ₹42 to non-promoters approved.
- Board approved alteration of Memorandum of Association.
- New Additional Director, Company Secretary, and Internal Auditor appointed.
- Annual Report and AGM notice for FY2026 approved.
Price Impact
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