Prime Industries Limited submitted a corrigendum to its Notice of Annual General Meeting dated 23rd September 2026. The AGM is scheduled to be held on Monday, 19th October 2026 at 3:00 PM through Video Conferencing/Other Audio-Visual Means.

The corrigendum specifically modifies the explanatory statement for Item No. 10 regarding the issuance of up to 27,30,000 equity shares to non-promoter category on a preferential basis.

Key Modifications:

Objects of the Issue (Point c):

The company proposes to raise funds through preferential issue to augment financial resources and strengthen its capital base. The proceeds are intended for:

  • Funding Research & Development activities through strategic partnerships and/or development of in-house capabilities
  • Designing and manufacturing indigenous precision engineered components for applications in Nuclear and Defence industries
  • Meeting funding requirements for new product development, capacity expansion and diversification into allied engineering segments
  • General corporate purposes

Utilization of Proceeds:

The total proceeds of ₹11.47 crore (₹1,146.60 lakhs) will be utilized as follows:

| Purpose | Amount (₹ Lakhs) | Timeline |

| R&D and strategic partnerships for nuclear/defense components | 900.00 | 12 months from receipt of funds |

| General corporate purposes | 246.60 | 12 months from receipt of funds |

Breakdown of ₹900.00 Lakhs Allocation:

| Component | Amount (₹ Lakhs) |

| R&D and product development | 150.00 |

| Plant, machinery, tooling, QC equipment and utilities (Capex) | 540.00 |

| Manpower (technical and production, project period) | 160.00 |

| Other petty expenses (certifications, security, business development) | 25.00 |

| Contingency | 25.00 |

| Total | 900.00 |

Regulatory Compliance (Point u):

The company has obtained a certificate from Practicing Company Secretaries certifying that the preferential issue complies with Chapter V of SEBI ICDR Regulations. The certificate is available on the company's website at https://www.primeindustrieslimited.in/announcements/PCScertificatereg163(2)SEBI(ICDR).pdf_SEBI(ICDR).pdf).

All other terms and conditions of the original AGM notice remain unchanged. The corrigendum is also available on the company's website at https://primeindustrieslimited.in/.