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 applied to the Registrar of Companies (ROC) Chandigarh for an extension of time to hold its Annual General Meeting (AGM) for the financial year ended March 31, 2026. The company’s Board of Directors approved the proposal through a resolution passed by circulation on September 2, 2026.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board authorised Ms. Diksha Tiwari, Company Secretary & Compliance Officer, to file the necessary application with the ROC and undertake all related acts.

The filing confirms that the company is seeking additional time beyond the statutory deadline to convene the meeting for FY26. No specific reason for the delay or the requested extension period was disclosed in the regulatory filing.

Sanjeev Khanna, Director, signed the communication addressed to the Corporate Relationship Department at BSE Limited. The request aims to ensure compliance with listing obligations while managing the logistical requirements of the shareholder meeting.