Prima industries has provided clarification to BSE Limited regarding the significant price movement observed in its securities, responding to the exchange's inquiry dated 12th February, 2026. The company's response, submitted on 13th February, 2026, outlined specific factors contributing to the recent share price volatility.

Financial Performance During Q3 FY26

The company reported notable changes in its financial performance during the quarter ended 31st December, 2025. Prima Industries experienced an increase in non-operational income primarily due to capital gains arising from the redemption of mutual fund investments. However, this was accompanied by a reduction in total operational income compared to the previous period, along with a corresponding decrease in total expenses.

Corporate Restructuring Activities

A significant development contributing to the share price movement was the company's issuance of unlisted preference shares. This capital restructuring measure was undertaken following approval from the National Company Law Tribunal, Kochi Bench, through Order No. CP(C/Act)/9/KOB/2025 dated 21st January, 2026, under Section 55(3) of the Companies Act, 2013.

Key Corporate Actions Timeline

Regulatory Compliance and Disclosures

Prima Industries emphasized its commitment to regulatory compliance, confirming that all disclosures have been made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company maintained that:

• No unpublished price-sensitive information exists beyond disclosed events
• All material events and announcements have been properly communicated to the exchange
• Regular compliance with applicable disclosure requirements has been maintained
• Investors have access to accurate and up-to-date information

Company's Position on Price Movement

The company's response addressed BSE's inquiry comprehensively, attributing the share price volatility to legitimate business activities and corporate restructuring measures. Prima Industries assured that it continues to maintain transparency in its operations and remains committed to providing timely information to stakeholders regarding events that may impact company performance.

The clarification demonstrates the company's proactive approach to regulatory compliance and investor communication, ensuring that market participants understand the underlying factors driving recent price movements in its securities.

Prima Industries Limited has announced the successful issue and allotment of 51,97,403 unlisted 10% Non-Convertible Redeemable Preference Shares following an order from the National Company Law Tribunal (NCLT), Kochi Bench. The company's Board of Directors approved this corporate action during their meeting held on 12th February, 2026.

NCLT Order Compliance

The allotment was executed in strict compliance with Order No. CP(C/Act)/9/KOB/2025 dated 21st January, 2026, issued by the Hon'ble National Company Law Tribunal, Kochi Bench under Section 55(3) of the Companies Act, 2013. The company had previously informed the stock exchange about receiving this order on 21st January, 2026, as required under regulatory guidelines.

Preference Share Details

The key parameters of the preference share allotment are structured as follows:

Share Redemption Process

The newly allotted 51,97,403 preference shares effectively replace the existing unredeemed preference shares of the same number. In lieu of the new allotment, the previous 51,97,403 unredeemed 10% Non-Convertible Redeemable Preference Shares stand redeemed pursuant to the NCLT order. This process ensures compliance with the tribunal's directive while maintaining the company's preference share structure.

Regulatory Compliance

The disclosure has been made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The company's equity shares are listed on BSE under stock code 531246, while the preference shares remain unlisted with ISIN INE723N04016.

Corporate Information

Prima Industries Limited, incorporated in 1994, operates from its registered office in Cochin, Kerala, with manufacturing facilities in Palakkad. The company secretary Nayana V B has signed the regulatory filing, confirming the completion of all procedural requirements related to this preference share allotment.