Prime Industries has appointed Sanjeev Malik as an additional director with the designation of Managing Director, effective September 8, 2026. The appointment is subject to shareholder approval at the ensuing general meeting.

The board also approved the appointment of M/s. Akshay Singhla & Associates as the company's statutory auditor to fill a casual vacancy caused by the resignation of M/s. Bhushan Aggarwal & Co. The new auditors will hold office until the next annual general meeting.

Board Meeting Details

The board of directors convened on Tuesday, September 8, 2026, to consider these appointments pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 3:00 pm and concluded at 3:45 pm.

Key Appointments

The board acted on recommendations from the Nomination and Remuneration Committee for the director appointment and the Audit Committee for the auditor appointment. The details are outlined below:

Sanjeev Malik brings over 30 years of experience in the textile industry, including expertise in manufacturing, production management, and quality control. He holds a B.Tech degree in Textile Technology. The disclosure states he has no shareholding in the company and no relationships with existing directors.

Akshay Singhla & Associates, established in 2022, specializes in direct and indirect taxation, litigation support, and assurance services. The firm confirmed it has no relationship with the company's management or directors.

Prime Industries has accepted the resignation of Ms. Diksha Tiwari from the roles of Company Secretary and Compliance Officer. The departure is effective from the close of business on September 15, 2026.

The company disclosed the development in a filing with BSE Limited on August 27, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ms. Tiwari submitted her resignation letter on August 26, 2026, citing personal reasons and professional growth as the primary drivers for her exit.

Ms. Tiwari was appointed to the position on November 12, 2025. She will serve until the effective date of her resignation, ensuring a smooth handover of responsibilities. The company confirmed receipt of her resignation letter along with the detailed reasons provided.

Resignation Details

Sanjeev Khanna, Director of Prime Industries, signed the disclosure letter addressed to the Corporate Relationship Department of BSE Limited. The filing included Annexure-1 detailing the regulatory requirements under SEBI circular no. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123.