Prime Industries Limited has announced amendments to its Memorandum of Association following shareholder approval at an Extra Ordinary General Meeting. The company informed BSE about the capital clause alteration in compliance with regulatory disclosure requirements.

Shareholder Approval and Meeting Details

The shareholders of Prime Industries Limited approved the proposed amendments through ordinary resolutions at the Extra Ordinary General Meeting held on February 09, 2026. The meeting took place at Master Chambers, 19, Feroze Gandhi Market, Ludhiana-141001, Punjab, India. This development follows the Board Meeting outcome dated January 15, 2026, where the proposal was initially discussed.

Capital Clause Amendment

The key amendment involves the alteration of Clause V in the company's Memorandum of Association regarding the capital structure. The revised capital clause details are presented below:

The new Clause V states: "The Authorised Share Capital of the Company is Rs. 35,00,00,000/- (Rupees Thirty Five Crores only) divided into 7,00,00,000 (Seven Crores) Equity Shares having face value of Rs.5/- (Rupees Five)."

Regulatory Compliance

Prime Industries Limited has fulfilled its disclosure obligations under Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided detailed information about the amendments through Annexure-I attached to its communication to BSE.

Company Information

Prime Industries Limited, incorporated in 1992, operates from its registered office at Master Chambers, SCO-19, Feroze Gandhi Market, Ludhiana-141001, Punjab. The company trades on BSE with scrip code 519299 and symbol PRIMIND. Managing Director Rajinder Kumar Singania signed the regulatory filing on February 09, 2026.

Prime Industries Limited has announced a key leadership appointment with the addition of Mr. Rama Nand Gupta as Executive Director designated as Whole-Time Director. The appointment follows a structured approval process involving both board and shareholder endorsement.

Board Approval and Shareholder Ratification

The appointment process began with the Board of Directors approving Mr. Gupta's appointment as Additional Director (Executive) in their meeting held on November 11, 2025. Subsequently, the company's shareholders ratified this decision at an Extra Ordinary General Meeting held on February 09, 2026, from 02:00 P.M. to 02:30 P.M. at the company's registered office in Ludhiana, Punjab.

Professional Background and Expertise

Mr. Rama Nand Gupta brings substantial experience to his new role, having served a PSU bank for 32 years across various departments and positions. He is a graduate from SRCC, Delhi University, and has transitioned to the private sector to better utilize his expertise and knowledge.

His professional competencies include:

• Extensive experience in credit and risk management
• Proven ability to improve business profitability through various management tools
• Deep understanding of different industrial ventures and business potential foresight
• Expertise in designing customized Management Information Systems (MIS)
• Strong capability in exercising control over day-to-day industrial operations

Independence and Compliance

The company has confirmed that Mr. Gupta is not related to any existing Director or Key Managerial Personnel (KMP) of the company, ensuring independence in his role. Additionally, the company has affirmed that he is not debarred from holding the office of Director by virtue of any SEBI order or any other authority.

Regulatory Compliance

The appointment has been made in compliance with the provisions of the Companies Act, 2013, and Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also adheres to SEBI Circular no. HO/49/14/14(7)2025-CFD-POD2/1/3762/202 dated January 30, 2026.

This strategic appointment is expected to strengthen the company's leadership team with Mr. Gupta's extensive banking and risk management experience, potentially contributing to enhanced operational efficiency and business growth.