Prime Industries Ltd: Corrigendum to AGM Notice on Preferential Issue

Prime Industries Ltd has issued a corrigendum to its Annual General Meeting (AGM) notice, originally dated September 23, 2026. The AGM is scheduled for October 19, 2026, via video conferencing. The corrigendum specifically addresses alterations to point (c) and (u) of the explanatory statement for Item No. 10, which concerns the issuance of up to 27,30,000 equity shares on a preferential basis to non-promoters. The funds raised are intended for Research & Development activities in Nuclear and Defence industries, new product development, capacity expansion, diversification, and general corporate purposes. Approximately ₹900 Lakhs (₹9 Crores) will be allocated to R&D and product development, with further bifurcation for CAPEX components. The corrigendum also references a certificate from Practicing Company Secretaries confirming compliance with SEBI ICDR Regulations for the preferential issue.