Prima Innovation Limited disclosed an inter-se transfer of 4,06,530 equity shares, representing 3.70% of its total share capital, from Mrs. Madhavi Dilip Parekh to Mr. Dilip Manharlal Parekh. The transaction was executed by way of gift on September 7, 2026.

The move consolidates individual holdings within the promoter group without altering the aggregate stake of the promoters and their promoters' associated companies (PACs). The company confirmed that the total shareholding of the Promoter and Promoter Group remains constant at 58.29% both before and after the transaction.

Transaction Details

The acquisition falls under the exemption provided in Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which covers inter-se transfers between qualifying persons. Consequently, no open offer is required.

Additionally, the transaction was reported under Regulation 4(1) and Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The disclosure was made pursuant to proviso (i) to Regulation 4(1), confirming the off-market nature of the transfer. The company filed the necessary disclosures with the Bombay Stock Exchange (BSE) on September 7, 2026. Prior to this filing, Prima Innovation had issued an intimation under Regulation 10(5) on August 29, 2026. The transfer involves no monetary consideration.

Shareholding Structure Impact

Mr. Dilip Manharlal Parekh, the acquirer, increased his individual stake from 28.03% to 31.73%. Conversely, Mrs. Madhavi Dilip Parekh’s holding reduced from 3.70% to 0.00%. Other members of the promoter group, including Bhaskar Manharlal Parekh and Chhaya Bhaskar Parekh, retained their existing stakes.

What the Numbers Show

The data indicates a consolidation of voting rights within the immediate family structure of the promoter group. While the aggregate control remains static at 58.29%, the shift increases Mr. Dilip Manharlal Parekh’s individual decision-making power relative to other PACs, whose stakes remain unchanged. This structural adjustment does not impact the public float or the overall promoter block size.

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.