Prima Innovation will hold its second annual general meeting on September 23, 2026, via video conference. The company reported a net loss of ₹202.78 lakh for FY26, widening significantly from the prior year.

Remote e-voting opens on September 20 and closes on September 22, 2026. Shareholders holding equity as of September 16, 2026, are eligible to vote. In compliance with SEBI regulations, the company dispatched physical letters containing web-links to access the annual report to members without registered email addresses.

Financial Performance

Revenue from operations rose 22.96% to ₹5,096.93 lakh in FY26. However, the bottom line deteriorated due to higher operating expenses and finance costs. EBITDA fell nearly 60% year-on-year to ₹88.74 lakh. Finance costs increased by 65.99% to ₹160.73 lakh, contributing to the widened net loss.

Corporate Developments

Prima Innovation listed on the Bombay Stock Exchange on August 7, 2026, following the demerger of the material handling division from Prima Plastics Limited effective March 31, 2026.

The board recommended reappointing Mr. Dilip M. Parekh as a non-executive director. Members will also vote to appoint M/s P. Diwan & Associates as secretarial auditors for five years. Shareholders with physical holdings are requested to update KYC details via Form ISR-1 with the registrar, Bigshare Services Private Limited.

Prima Innovation promoter Dilip Manharlal Parekh has acquired 4,06,530 equity shares from his wife, Madhavi Dilip Parekh, through an inter-se transfer by way of gift. The transaction, disclosed on August 29, 2026, falls under the exemption provisions of Regulation 10(1)(a)(i) of the SEBI (SAST) Regulations, 2011.

The acquisition involves no monetary consideration. As both parties are part of the promoter group and qualify as immediate relatives, the transfer is exempt from open offer requirements under takeover regulations. The company confirmed that the aggregate shareholding of the promoter and promoter group remains unchanged at 58.29% of the total share capital following this internal realignment.

Shareholding Changes

The transfer shifts ownership within the promoter circle without affecting external stakeholder positions. Dilip Manharlal Parekh’s individual holding increases, while Madhavi Dilip Parekh’s stake reduces to zero. Other promoters and persons acting in concert (PACs) retain their existing holdings.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, and Regulation 10(5) of the SEBI (SAST) Regulations, 2011. The acquirer declared compliance with all conditions specified under Regulation 10(1)(a) regarding exemptions. The proposed date of acquisition spans from August 31, 2026, to September 8, 2026.