AGM Details

The 34th Annual General Meeting of Prime Industries Limited was held on Monday, 19 October 2026 at 03:00 P.M. through Video Conferencing/Other Audio-Visual Means. All businesses set out in the AGM notice were approved by members.

Key AGM Resolutions Approved

Auditor Appointment:

  • Members approved the appointment of M/s. Akshay Singhla & Associates, Chartered Accountants (FRN: 039880N) as statutory auditor for a term of five consecutive years, commencing from the conclusion of the 34th AGM until the conclusion of the 39th AGM.
  • The firm was established in 2022 and specializes in Direct Taxation, Indirect Taxation, Litigation Support, and Assurance Services with over 4 years of experience.
  • No relationship exists between the auditor and the company's management or directors.

Director Appointments:

  • Re-appointment of Mr. Rajinder Kumar Singhania (DIN: 00077540) as Non-Executive Director. He retires by rotation and offered himself for re-appointment.
  • Age: 72 years, Nationality: Indian
  • Qualifications: Chartered Accountant
  • Experience: Over 42 years in finance, M&A and taxation
  • Current remuneration: ₹12 [unit not specified in source]
  • Shareholding: 0.04%
  • Directorship in other listed entities: 1
  • Committee memberships: 1
  • Appointment of Mr. Sanjiv Malik (DIN: 09498207) as Executive Director and Managing Director for a period of 3 years from 08th September, 2026 to 07th September, 2029.
  • Age: 61 years, Nationality: Indian
  • Qualifications: Graduate (B.Tech in Textile Technology)
  • Experience: Over 30 years in textile manufacturing, production management, quality control, and business development
  • No shareholding in the company
  • No directorship in other listed entities
  • Appointment of Mr. Deepak Handa (DIN: 07984901) as Non-Executive Director for 2 years from 20th September, 2026 to 19th September, 2028.
  • Age: 40 years, Nationality: Indian
  • Qualifications: Graduate
  • Experience: 25+ years in automotive industry across operations and business development, with expertise in precision manufacturing components
  • No shareholding in the company
  • No directorship in other listed entities

Capital Structure Changes:

  • Increase in Authorized Share Capital from ₹35,00,00,000 (₹35 crore) to ₹40,00,00,000 (₹40 crore) with consequential amendment to the capital clause in the Memorandum of Association.
  • Approval for issuance of up to 27,30,000 equity shares to non-promoter category on preferential basis.

Memorandum of Association Alteration:

  • The main object clause of the Memorandum of Association was altered to expand the company's business scope by adding three new sub-clauses:

1. Business of designing, simulation, testing, product development and manufacturing of automobiles and high precision parts for cargo and passenger movement, including electric vehicles and specialty automotive components.

2. Business as manufacturers, processors, importers, exporters, traders in iron, steel, ferrous and non-ferrous metals and alloys, and components made from them.

3. Undertake Research & Development activity via partnerships or in-house capability to develop precision engineered components for nuclear and defense industries.

Related Party Transactions:

  • Approval to enter into contracts and/or agreements with Related Parties for Related Party Transactions for FY 2026-2027.