Prima Industries Limited has formally declared to BSE Limited that it does not qualify as a 'Large Corporate' entity under the Securities and Exchange Board of India's regulatory framework. The declaration was submitted on April 2, 2026, confirming the company's exemption from specific disclosure requirements related to debt securities issuance.

Regulatory Compliance Declaration

The company's declaration was made pursuant to SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, read with the revised Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023. These circulars pertain to the framework for fund raising by issuance of debt securities by Large Corporate entities and related disclosure requirements.

The company confirmed that it does not meet the applicability criteria specified in the aforementioned SEBI circulars for classification as a Large Corporate entity. Consequently, the prescribed disclosure requirements under this framework are not applicable to Prima Industries Limited.

Financial Position Overview

As part of the regulatory submission, Prima Industries Limited disclosed key financial information in the initial disclosure format:

The outstanding borrowing figure of Rs. 14.48 crores represents unaudited long-term borrowings as on March 31, 2026. The company has indicated that credit rating requirements and stock exchange compliance measures related to the Large Corporate framework are not applicable given its current classification.

Corporate Information

Prima Industries Limited operates from its corporate and registered office located in the Industrial Development Area, Muppathadam P.O., Edayar, Cochin, Kerala. The company is incorporated under CIN L15142KL1994PLC008368 and maintains its equity shares listing on BSE under stock code 531246.

The declaration was signed by Nayana VB, Company Secretary and Compliance Officer, and Kushagra Gupta, Director & Chief Financial Officer, ensuring proper authorization and compliance with regulatory requirements. This formal communication helps maintain transparency with stock exchanges and regulatory authorities regarding the company's compliance status under SEBI's Large Corporate framework.

Prima industries has provided clarification to BSE Limited regarding the significant price movement observed in its securities, responding to the exchange's inquiry dated 12th February, 2026. The company's response, submitted on 13th February, 2026, outlined specific factors contributing to the recent share price volatility.

Financial Performance During Q3 FY26

The company reported notable changes in its financial performance during the quarter ended 31st December, 2025. Prima Industries experienced an increase in non-operational income primarily due to capital gains arising from the redemption of mutual fund investments. However, this was accompanied by a reduction in total operational income compared to the previous period, along with a corresponding decrease in total expenses.

Corporate Restructuring Activities

A significant development contributing to the share price movement was the company's issuance of unlisted preference shares. This capital restructuring measure was undertaken following approval from the National Company Law Tribunal, Kochi Bench, through Order No. CP(C/Act)/9/KOB/2025 dated 21st January, 2026, under Section 55(3) of the Companies Act, 2013.

Key Corporate Actions Timeline

Regulatory Compliance and Disclosures

Prima Industries emphasized its commitment to regulatory compliance, confirming that all disclosures have been made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company maintained that:

• No unpublished price-sensitive information exists beyond disclosed events
• All material events and announcements have been properly communicated to the exchange
• Regular compliance with applicable disclosure requirements has been maintained
• Investors have access to accurate and up-to-date information

Company's Position on Price Movement

The company's response addressed BSE's inquiry comprehensively, attributing the share price volatility to legitimate business activities and corporate restructuring measures. Prima Industries assured that it continues to maintain transparency in its operations and remains committed to providing timely information to stakeholders regarding events that may impact company performance.

The clarification demonstrates the company's proactive approach to regulatory compliance and investor communication, ensuring that market participants understand the underlying factors driving recent price movements in its securities.