Prime Industries Board Approves Capital Increase, 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 Authorised Share Capital from ₹35,00,00,000 to ₹40,00,00,000, and a preferential issue of up to 27,30,000 equity shares to non-promoters at ₹42 per share. Both capital increase and preferential issue are subject to shareholder and regulatory approvals. 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. M/s. Modi Harsh & Co. was appointed as the Internal Auditor for FY2026-27. Additionally, the board approved the alteration of the Memorandum of Association's object clause, the Annual Report for FY2026, and the notice for the 34th Annual General Meeting, setting cut-off dates for dispatch and e-voting.