Race Eco Chain reduces stake in Prime Industries to 23.95%

Race Eco Chain Limited and its Persons Acting in Concert (PACs) have reduced their shareholding in prime industries by 2,10,000 equity shares, bringing their total stake down to 23.95%. The sale was executed through the open market on June 30, 2026, as disclosed to the Bombay Stock Exchange.

Prior to the transaction, the acquirer and PACs collectively held 52,41,175 shares, representing 24.94% of the company's voting rights. Following the divestment, the group's holding stands at 50,31,175 shares. The equity share capital of Prime Industries remains unchanged at Rs. 10,50,17,000, comprising 2,10,03,400 equity shares of Rs. 5 each.

Shareholding Details

The disclosure was submitted in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The table below details the holdings before and after the sale:

Entity	Shares Before Sale	% Before	Shares After Sale	% After
Race Eco Chain Limited	43,50,000	20.71%	41,40,000	19.72%
Sangeeta Pareekh	4,25,000	2.02%	4,25,000	2.02%
Securocrop Securities India Private Limited	3,16,100	1.50%	3,16,100	1.50%
BLP Equity Research Pvt Ltd	1,31,075	0.62%	1,31,075	0.62%
Uma Devi Pareekh	19,000	0.09%	19,000	0.09%
Total	52,41,175	24.94%	50,31,175	23.95%

Transaction Particulars

The sale involved only equity shares carrying voting rights. There were no changes in holdings related to encumbrances, warrants, or convertible securities. The seller confirmed that they do not belong to the promoter or promoter group of the target company. The specific shares sold were offloaded by Race Eco Chain Limited, amounting to 0.99% of the total share capital.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.00%	+1.69%	-1.38%	+13.69%	-23.55%	+353.97%

prime industries has closed its trading window for all designated persons, including promoters, directors, and insiders, effective from the start of business hours on July 1, 2026. This restriction will remain in place until 48 hours after the publication of the unaudited financial results for the quarter ended June 30, 2026. The measure is intended to prevent insider trading and ensure compliance with regulatory standards during the sensitive period surrounding financial announcements.

The closure aligns with the provisions of the SEBI (Prohibition of Insider Trading) Regulations 2015, as amended, and the company's Code of Conduct for Prevention of Insider Trading. Additionally, the move follows the guidelines outlined in BSE's circular no. LIST/COMP/01/2019-20, dated April 2, 2019. The company has confirmed that the window applies to all connected persons and their immediate relatives.

Key Dates and Restrictions

The trading window closure is a standard procedure implemented ahead of quarterly results to maintain market integrity. The specific timeline for the reopening of the window is tied directly to the publication of the financial results.

Event	Date
Trading Window Closure	July 01, 2026
Quarter End	June 30, 2026
Window Reopens	48 hours after results publication

Prime Industries Limited stated that the date of the Board Meeting for considering the unaudited financial results for the quarter ended June 30, 2026, will be intimated in due course. The intimation was addressed to BSE Limited and signed by Rama Nand Gupta, Whole Time Director.