StockWatch
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Edible Oil
AGM/EGM20 Oct 2026, 02:11 pm

Prime Industries Ltd Holds AGM, Approves Auditor Appointment & Share Capital Increase

AI Summary

Prime Industries Limited held its 34th Annual General Meeting (AGM) on October 19, 2026. Key approvals included the appointment of M/s. Akshay Singhla & Associates as statutory auditors for five years, the re-appointment of Mr. Rajinder Kumar Singhania as Director, and the appointment of Mr. Sanjiv Malik as Executive Director and Managing Director for three years. The company also approved the appointment of Mr. Deepak Handa as Non-Executive Director for two years. Further resolutions passed involved increasing the authorized share capital from ₹35 Crore to ₹40 Crore, amending the MOA, and approving related party transactions for FY 2026-2027. Additionally, the issuance of up to 27,30,000 equity shares on a preferential basis to non-promoters was approved.

Key Highlights

  • Statutory auditors appointed for a five-year term.
  • New Executive Director and Managing Director appointed.
  • Authorized share capital increased by ₹5 Crore.
  • Preferential issuance of equity shares approved.
  • Related party transactions for FY27 approved.