Prime Industries Limited has announced a significant intra-promoter share transfer under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The disclosure reveals that promoter Rajinder Kumar Singhania has gifted 10,40,000 equity shares to his son Puneet Singhania through an off-market transaction on March 25, 2026.

Transaction Details

The share transfer was executed as a gift between family members within the promoter group, representing 4.95% of Prime Industries Limited's total share capital. This transaction maintains the overall promoter shareholding structure while redistributing shares within the family.

Shareholding Changes

The transaction resulted in significant changes to individual shareholdings within the promoter group. Rajinder Kumar Singhania's holding decreased from 23,50,306 shares (11.19%) to 13,10,306 shares (6.24%), while Puneet Singhania's stake increased from 79,334 shares (0.38%) to 11,19,334 shares (5.33%).

Complete Promoter Group Holdings

The promoter group consists of 13 entities including individual promoters and corporate entities. The complete promoter group maintains a collective shareholding of 54,75,894 equity shares, representing 26.07% of the total share capital both before and after the transaction.

Company Capital Structure

Prime Industries Limited's equity share capital remains unchanged at Rs. 10,50,17,000, comprising 2,10,03,400 equity shares of Rs. 5 each. The company's shares are listed on BSE Limited, and the total diluted share capital stands at the same level post-transaction.

The disclosure was filed in compliance with SEBI Regulation 29(2) governing substantial acquisition of shares and takeovers, ensuring transparency in promoter group transactions for listed companies. The transaction involved no encumbrances, voting rights other than equity shares, or convertible securities.

Prime industries has announced the resignation of Mr. Saket Agarwal from his position as Non-Executive Director, effective immediately from March 10, 2026. The company informed BSE Limited about this corporate governance change in compliance with regulatory requirements under SEBI Listing Regulations.

Resignation Details

The resignation was formalized through a letter dated March 10, 2026, submitted by Mr. Saket Agarwal (DIN: 00203084) to the Board of Directors. The departure takes effect from the close of business hours on March 10, 2026, marking an immediate transition in the company's board composition.

Regulatory Compliance

Prime Industries Limited has fulfilled its disclosure obligations pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted the required documentation to BSE Limited's Corporate Relationship Department, including the original resignation letter and mandatory annexures.

The notification was signed by Rama Nand Gupta, Whole Time Director (DIN: 03397154), confirming the company's adherence to prescribed regulatory timelines and documentation requirements.

Resignation Confirmation

In his formal resignation letter, Mr. Saket Agarwal specifically stated that personal reasons were the sole cause for his departure from the board. Both the resigning director and the company have confirmed that no other material reasons exist beyond those mentioned in the resignation communication.

The company has also indicated that it will provide Mr. Agarwal with an acknowledgement of receipt and a copy of the e-Form DIR-12 to be filed with the Registrar of Companies for his records. This resignation represents a standard corporate governance transition with full regulatory compliance and transparent disclosure to stakeholders.