20-Oct-2026 14:02:19

PRIME INDUSTRIES : AGM APPROVES CAPITAL INCREASE TO RS 40 CR, PREFERENTIAL ISSUE

• Members approved increase in authorised share capital from ₹35 Cr to ₹40 Cr • Approved issuance of up to 27.3 lakh equity shares to non-promoter category on preferential basis • Approved appointment of M/s. Akshay Singhla & Associates as statutory auditor for five consecutive years • Approved Sanjiv Malik as Managing Director for three years from September 8, 2026 to September 7, 2029 • Approved alteration of main object clause to include automobiles, metals and R&D for nuclear and defence Impact: Neutral (AGM approvals are administrative; preferential issue price and terms are not disclosed)

Prime Industries Ltd

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