StockWatch
·
Edible Oil
AGM/EGM20 Oct 2026, 02:03 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, re-appointment of Mr. Rajinder Kumar Singhania as Director, and 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 include entering into Related Parties Transactions for FY 2026-2027, increasing authorized share capital from ₹35 Crore to ₹40 Crore, altering the Memorandum of Association, and issuing up to 27,30,000 equity shares on a preferential basis to non-promoters.

Key Highlights

  • Statutory auditors appointed for five years.
  • 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.