Prime Industries Limited , a company listed on the Indian stock exchange, has announced a significant corporate action involving the forfeiture of convertible warrants. The company's Board of Directors has approved the forfeiture of 17,25,000 convertible warrants after the warrant holders failed to exercise their conversion options within the stipulated 18-month deadline.

Key Details of the Forfeiture

• Number of Warrants Forfeited: 17,25,000
• Deadline for Conversion: November 13, 2025
• Affected Parties: 33 warrant holders including individuals, Hindu Undivided Families (HUFs), and entities
• Forfeited Amount: 25% of the warrant price paid during allotment (Rs. 210 per warrant)

Impact on Warrant Holders

The forfeiture affects a diverse group of investors, ranging from individual holders to corporate entities. Here's a breakdown of some of the major warrant holders impacted:

Implications of the Forfeiture

1. Financial Impact: The company will retain the 25% amount paid at Rs. 210 per warrant during allotment. This translates to a significant sum being forfeited by the warrant holders.

2. Equity Structure: The forfeiture of these warrants means that the potential dilution of equity that would have occurred upon conversion will not take place.

3. Investor Confidence: This event may raise questions among investors about the reasons behind the non-conversion of warrants, potentially impacting market sentiment towards Prime Industries.

Conclusion

This corporate action by Prime Industries represents a substantial forfeiture of convertible securities. It underscores the importance for investors to closely monitor conversion deadlines and exercise their options in a timely manner. The company's decision to forfeit these warrants could have various implications for its capital structure and future fundraising efforts.

Investors and market watchers will likely be keen to understand the reasons behind the non-conversion of these warrants and any potential impact on the company's financial strategies going forward.

Prime Industries Limited , a diversified company, has announced significant changes in its leadership structure along with its financial results for the second quarter of fiscal year 2026. The company's board meeting on November 11, 2025, resulted in several key decisions that may impact its future operations.

Leadership Changes

The company has undergone a series of leadership changes:

• Mr. Rama Nand Gupta has been appointed as an Additional Director (Executive), subject to shareholder approval. Mr. Gupta brings extensive experience in credit and risk management, having served in a PSU bank for 32 years.
• Mr. Rajesh Kumar Kakkar has resigned from his position as Chief Financial Officer, effective from the close of business hours on November 11, 2025.
• Mr. Mohit Verma has stepped down from his role as Company Secretary and Compliance Officer, also effective from November 11, 2025.
• Ms. Diksha Tiwari has been appointed as the new Company Secretary and Compliance Officer, effective November 12, 2025. Ms. Tiwari is an associate member of the Institute of Company Secretaries of India with experience in corporate, legal, and regulatory compliance.

Financial Performance

Prime Industries Limited reported its unaudited financial results for Q2 FY2026:

The company's consolidated results include its subsidiary, Linga Agri Trading And Machinery Private Limited, in which Prime Industries holds a 50.001% stake.

Segment Performance

Prime Industries Limited operates in two segments:

1. Manufacturing
2. Investment/Trading in Securities & others

For Q2 FY2026, the Investment/Trading in Securities & others segment contributed Rs. 53.19 million to the total revenue.

Balance Sheet Highlights

As of September 30, 2025:

• Total Assets: Rs. 407.04 million
• Total Equity: Rs. 385.92 million
• Current Liabilities: Rs. 21.12 million

The company's cash and cash equivalents stood at Rs. 0.05 million, compared to Rs. 298.20 million at the end of the previous fiscal year.

These changes in leadership and financial performance may signal a new direction for Prime Industries Limited. Shareholders and market observers will likely be watching closely to see how these developments impact the company's future growth and operational strategies.