Prima Innovation has scheduled its second annual general meeting for September 23, 2026, to approve financial statements for FY26. The company reported a net loss of ₹202.78 lakh for the year ended March 31, 2026, widening from a loss of ₹11.32 lakh in the previous period. Revenue from operations rose 22.96% to ₹5,096.93 lakh.

The meeting will be held via video conference. Shareholders holding shares as of September 16, 2026, are eligible to vote. Remote e-voting will run from September 20 to September 22, 2026.

Financial Performance

Revenue growth was offset by 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.

Corporate Developments

Prima Innovation listed on the Bombay Stock Exchange on August 7, 2026. This followed the demerger of the material handling division from Prima Plastics Limited, which became effective on 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.

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.