Prima Agro Limited Approves Q1 Results, Extends Preference Share Redemption, and Sets AGM Date

Prima Agro has made several key announcements following its board meeting held on August 4, 2025. The company has approved its quarterly results, extended the redemption period for preference shares, and set the date for its Annual General Meeting (AGM).

Quarterly Results Approval

The Board of Directors has approved and adopted the unaudited financial results for the quarter ended June 2025, both on a standalone and consolidated basis. These results, along with the Limited Review Report from the Statutory Auditors, were also approved by the Audit Committee in its meeting held on the same day.

Extension of Preference Share Redemption

The Board has approved the extension of the redemption period for 60,00,000 unlisted 10% Redeemable Preference Shares. These shares, with a face value of ₹10.00 each, aggregating to ₹6.00 crore, were originally issued on April 12, 2013, and were due for redemption on April 11, 2026. The redemption period has now been extended by seven years to April 11, 2033.

The company cited better cash flow management and alignment with long-term business plans as reasons for this extension. This decision is subject to shareholder approval at the upcoming general meeting and other necessary regulatory approvals.

Annual General Meeting and Book Closure

Prima Agro has scheduled its 38th Annual General Meeting for September 15, 2025, at 12:30 PM. The meeting will be held at The Renai Cochin, Palarivattom, Cochin. In connection with the AGM, the company has announced a book closure period from September 9 to September 15, 2025 (both days inclusive).

E-Voting Scrutinizer Appointment

Mr. Bibin Sajan, FCA (Membership Number 228064) of M/s Grandmark & Associates, Chartered Accountants, has been appointed as the scrutinizer for e-voting purposes for the 38th AGM.

Other Board Approvals

The Board has also approved the following for the financial year ended March 31, 2025:

• Annual Report
• Board's Report
• Corporate Governance Report
• Management Discussion and Analysis Report
• Audited Financial Statements
• Reports from Statutory and Secretarial Auditors

These announcements reflect Prima Agro's commitment to transparency and corporate governance. The extension of preference share redemption indicates the company's focus on long-term financial planning and cash flow management. Shareholders and investors will be watching the upcoming AGM for further insights into the company's performance and future strategies.