Transaction Details
Prime Industries Ltd. has completed a fundraise of ₹11.86 crore through a preferential issue. The transaction resulted in Dr. Uday Narang acquiring a 10% stake in the company as a strategic investor.
Strategic Investor Profile
Dr. Uday Narang is the promoter of OBSC Perfection Limited, Founder of Omega Seiki Mobility (OSM), and associated with Simastra Systems Limited. He brings experience in precision engineering and manufacturing with capabilities spanning machining, forging, casting, fabrication, and assembly. He has an expanding presence in defence and aerospace sectors, providing relevant experience in advanced manufacturing and specialized engineering.
Company Business Overview
Prime Industries is developing presence across specialized engineering, advanced manufacturing, and technology-led businesses through active equity stakes in:
- Kay Bouvet Engineering Limited: Decades of experience in heavy engineering and specialized manufacturing, serving demanding sectors including Defence, Nuclear, and Space. Capabilities include precision engineering, fabrication, and manufacture of critical components for specialized applications.
- Linga Agri Trading and Machinery Private Limited: Develops proprietary advanced machinery and engineering solutions across agricultural mechanization, waste management, biomining, and other industrial applications.
Strategic Rationale
The company states that Dr. Narang's industrial network and exposure to precision manufacturing and strategic sectors (including defence and nuclear-related applications) provides valuable context to Prime Industries' focus on specialized engineering, precision manufacturing, and high-value industrial opportunities.
Company Objectives
Prime Industries combines strategic capital, industry expertise, and operational support to strengthen businesses, create industry synergies, and scale opportunities with potential to contribute to India's industrial growth. The company is working across specialized engineering, advanced manufacturing, and technology-led businesses with capabilities across Defence, Nuclear, Aerospace, Capital Goods, specialized machinery, and emerging technologies.
Additional Information
The press release is available on the company website at https://primeindustrieslimited.in/investors/. The disclosure was digitally signed by Sanjiv Malik, Additional Director (DIN: 09498207) on September 20, 2026, at 15:24:50 IST.