Prima Industries Limited has disclosed the detailed voting results of its 32nd Annual General Meeting held on September 28, 2026. The company confirmed that all seven resolutions proposed in the notice were approved by shareholders with the requisite majority.

The meeting took place at The Renai Cochin in Palarivattom, Cochin, beginning at 11:00 am IST. Ms. Swati Gupta, Non-Executive Director, chaired the session. Key Managerial Personnel and directors present included Mr. Kushagra Gupta (Director & CFO), Ms. Hemalatha G, Ms. Arya Surendran, and Ms. Mayuri Sinha, who attended via video conferencing.

Resolutions passed

Shareholders approved seven resolutions through electronic voting and ballot forms. The ordinary resolutions covered the adoption of financial statements and the reappointment of Ms. Swati Gupta as a director retiring by rotation. Special resolutions addressed corporate governance updates and transaction approvals.

Voting participation and scrutiny

The company disclosed attendance figures based on the record date of September 21, 2026. A total of 2,211 shareholders were on the register. During the meeting, 63 public shareholders and 10 promoter group members were present in person or through proxies.

Mr. Bibin Sajan, Chartered Accountant from M/s Grandmark & Associates, served as the scrutinizer to ensure fair voting supervision. The results of the e-voting process, which ran from September 25 to September 27, 2026, have been disseminated to the stock exchange and uploaded to the company website.

What the numbers show

The voting data reveals a significant divergence in shareholder engagement across different agenda items. For the adoption of financial statements (Resolutions 1 and 2), the total votes polled stood at 7,605,790, representing 70.48% of the outstanding shares. Promoter group participation was high at 98.51% of their holding, while public non-institutional investors voted 36.90% of their holding.

In contrast, participation dropped sharply for related party transaction approvals (Resolutions 6 and 7). The total votes polled for these items fell to approximately 1,172,406, representing only 10.86% of outstanding shares. This decline is partly attributable to regulatory norms where promoters with interest in the resolution are restricted from voting. For Resolution 6, promoter votes polled dropped to 65,333 (1.11% of their holding) compared to over 5.7 million for other items, reflecting the exclusion of interested parties from the voting pool on these specific matters.

Prima Industries has announced the book closure dates and voting details for its 32nd Annual General Meeting (AGM), scheduled for Monday, September 28, 2026. The meeting will be held at The Renai Cochin in Palarivattom, Cochin, Kerala.

The register of members and share transfer books will remain closed from September 22, 2026, to September 28, 2026. Remote e-voting will be available for eligible members from September 25, 2026, at 9:00 am until September 27, 2026, at 5:00 pm. The cut-off date for remote e-voting is September 21, 2026.

Financial Performance

The company’s audited financial statements for FY26 reveal a net profit of ₹42.47 million, a significant turnaround from the loss of ₹2.96 million reported in the previous financial year. This improvement was primarily driven by an exceptional item of ₹41.69 million arising from the redemption and re-issuance of preference shares pursuant to an NCLT order.

Revenue from operations declined to ₹71.53 million in FY26, down from ₹75.48 million in FY25. Despite the revenue drop, operational efficiencies and effective cost management contributed to a profit before exceptional items of ₹1.00 million, compared to ₹0.88 million in the prior year.

Corporate Governance

Mr. Bibin Sajan of M/s Grandmark & Associates has been appointed as the scrutinizer for the e-voting process. The appointment was made pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board also noted changes in composition during the year, including the resignation of Independent Director Ms. Neethu Subramoniyan and Non-Executive Director Ms. Sarita Jindal. Ms. Nayana V B was appointed as Company Secretary and Compliance Officer effective August 1, 2025.