Prima Industries Limited has made a regulatory disclosure regarding the appointment of a new Managing Director pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.
Key Details of Appointment
The Board of Directors, at its meeting held on 12th November 2026 (commencing at 03:00 PM and concluding at 04:00 PM), based on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Mr. Kushagra Gupta as Managing Director for a period of five consecutive years with effect from 12th November 2026.
Conditions for Appointment
The appointment is subject to the approval of the shareholders of the company and such other statutory approvals as may be required.
Reason for Appointment
The appointment fills the vacancy arising due to the demise of the erstwhile Chairman and Managing Director, Mr. S. K. Gupta (DIN: 00248760), on 13th October 2026.
Background of Appointee
Mr. Kushagra Gupta holds a Bachelor of Business Administration (BBA) degree and a Master's degree in Fashion and Apparel Business (M.FAB). He has expertise in the FMCG industry, food and beverage industry, family business management, project planning and development.
Relationship Disclosure
Mr. Kushagra Gupta is the son of Ms. Swati Gupta (DIN: 00249036), who is a Non-Executive Director of the company.
Compliance Status
Mr. Kushagra Gupta has confirmed that he is not debarred from holding the office of Director by virtue of any order of SEBI or any other statutory authority.
Additional Information
The announcement is also available on the company's website at www.primaindustries.in.
The document was signed by Nayana V B, Company Secretary and Compliance Officer (Membership No. A76822) on 12th November 2026.