Prima Industries Limited shareholders have approved the adoption of a new set of Memorandum of Association (MOA) and Articles of Association (AOA). This move aligns the company's constitutional documents with the provisions of the Companies Act, 2013, replacing the existing framework established under the Companies Act, 1956.

The approval was granted via a Special Resolution at the company's 32nd Annual General Meeting held on September 28, 2026. The Board of Directors had previously approved the proposal on July 31, 2026, citing the need to comply with current statutory and regulatory requirements, including Table F of Schedule I to the Companies Act, 2013.

Regulatory Compliance Details

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The new documents substitute the entire existing MOA and AOA, ensuring alignment with the rules made under the Companies Act, 2013 and other applicable laws.

The new MOA and AOA are available on the company's official website. The company remains listed on BSE.

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.