AGM Details

The 2nd Annual General Meeting will be held on Wednesday, September 23, 2026 at 11:00 A.M. (IST) through Video Conference (VC)/Other Audio Visual Means (OAVM).

E-voting Schedule:

  • Cut-off Date for determining members eligible for e-voting: Wednesday, September 16, 2026
  • Remote e-voting period: From Sunday, September 20, 2026 (09:00 AM IST) to Tuesday, September 22, 2026 (05:00 PM IST)

Business to be Transacted

Ordinary Business:

1. Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026, including Statement of Profit & Loss, Cash Flow Statement, and reports of Board of Directors and Auditors

2. Appointment of Mr. Dilip Manharlal Parekh (DIN: 00166385) as Director liable to retire by rotation

Special Business:

3. Appointment of M/s P. Diwan & Associates, Practising Company Secretary as Secretarial Auditors for five consecutive financial years from FY2026-27 to FY2030-31

Financial Performance Highlights (Standalone)

FY2025-26 Performance:

  • Revenue from operations: ₹5,096.93 lakhs (22.96% increase from ₹4,145.02 lakhs in previous year)
  • EBITDA: ₹88.74 lakhs (59.84% decrease from ₹220.95 lakhs in previous year)
  • Finance costs: ₹160.73 lakhs (65.99% increase from ₹96.83 lakhs)
  • Loss before tax: ₹270.02 lakhs (compared to ₹15.13 lakhs loss in previous year)
  • Net loss after tax: ₹202.78 lakhs (compared to ₹11.32 lakhs loss in previous year)
  • Other comprehensive income: ₹0.37 lakhs
  • Total comprehensive loss: ₹202.41 lakhs

Key Financial Ratios:

  • Debtors Turnover: 109 days (140.20 days in previous year)
  • Inventory Turnover: 97.06 days (81.06 days in previous year)
  • Interest Coverage Ratio: (0.68) times (0.84 times in previous year)
  • Current Ratio: 1.56 times (1.74 times in previous year)
  • Debt Equity Ratio: 0.96 times (0.69 times in previous year)
  • Operating Profit Margin: 7.02% (9.61% in previous year)
  • Net Profit Margin: (3.98%) ((0.27%) in previous year)

Demerger Completion

The Hon'ble National Company Law Tribunal, Ahmedabad Bench sanctioned the Scheme of Demerger between Prima Plastics Limited and Prima Innovation Limited vide order dated March 16, 2026. The Scheme became effective on March 31, 2026 with appointed date of July 1, 2024.

Share Allotment:

On April 20, 2026, the Company allotted 1,10,00,470 equity shares of face value ₹5 each to members of Prima Plastics Limited as on record date April 17, 2026 in share entitlement ratio of 1:1 (1 share of PIL for every 1 share of PPL).

Listing Details

The company was successfully listed on Bombay Stock Exchange (BSE) on August 7, 2026 with scrip code 544855 and scrip symbol PRIMAINNO.

Share Capital

  • Authorized share capital: ₹600.00 lakhs (1,20,00,000 equity shares of ₹5 each)
  • Paid-up equity share capital as of March 31, 2026: ₹1.00 lakh (20,000 equity shares of ₹5 each)
  • Post-demerger paid-up capital: ₹550.02 lakhs (1,10,00,470 equity shares of ₹5 each)

Directors and Key Managerial Personnel

Board Composition:

  • Mr. Pratik B. Parekh: Executive Chairperson and Managing Director (DIN: 07323730)
  • Mr. Bhaskar M. Parekh: Non-Executive Director (DIN: 00166520)
  • Mr. Dilip M. Parekh: Non-Executive Director (DIN: 00166385)
  • Mrs. Daxa J. Baxi: Independent Director (DIN: 00944951)
  • Mr. Shaileshkumar S. Shah: Independent Director (DIN: 01172073)
  • Mr. Snehal N. Muzoomdar: Independent Director (DIN: 00729992)
  • Mr. Abhishek O. Bajaj: Independent Director (DIN: 08452955)

Key Managerial Personnel:

  • Mr. Nimit J. Oza: Chief Financial Officer
  • Ms. Hetal M. Panchal: Company Secretary & Compliance Officer

Auditor Appointments

Statutory Auditor:

CNK & Associates LLP, Chartered Accountants (Firm Registration No. 101961W/W-100036) appointed for 5 years till conclusion of 6th AGM in 2030.

Secretarial Auditor:

Board recommends appointment of M/s P. Diwan & Associates, Practising Company Secretaries as Secretarial Auditor for 5 years from FY2026-27 to FY2030-31 at remuneration of ₹80,000 per annum plus applicable taxes.

Internal Auditor:

M/S. SK Gada & Associates LLP appointed as Internal Auditor for FY2026-27.

Employee Strength

Total employees as on March 31, 2026: 142 personnel

Export Performance

Exports worth ₹91.96 lakhs during FY2025-26 (compared to ₹23.08 lakhs in previous year)

Important Dates

  • Record date for AGM voting: September 16, 2026
  • Remote e-voting period: September 20-22, 2026
  • AGM date: September 23, 2026
  • Financial year end: March 31, 2026

Website and Contact Information

  • Company website: www.primainnovation.in
  • Investor email: investor@primainnovation.in
  • Corporate office: 41, National House, Opp. Ansa 'A' Bldg, Saki Vihar Road, Powai, Mumbai - 400072

Registrar and Transfer Agent

Bigshare Services Private Limited, Office No S6-2, 6th floor Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai - 400093

#Tags: #PrimaInnovation #AGM2026 #SEBIDisclosure #Demerger #FinancialResults #BSEListing