Prime Industries Limited Announces Board Reshuffle and Q2 FY2026 Results

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:

Particulars	Q2 FY2026 (Rs. in millions)	Q2 FY2025 (Rs. in millions)
Revenue from Operations	0.09	0.00
Other Income	53.80	6.85
Total Revenue	53.89	6.85
Profit Before Tax	3.98	2.92
Net Profit	2.98	2.18

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:

Manufacturing
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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.88%	+4.28%	+4.73%	-42.85%	-70.27%	+2,489.94%

Prime Industries has announced its unaudited financial results for the first quarter, along with a strategic acquisition in the agricultural machinery sector.

Financial Highlights

Prime Industries reported its financial performance for the quarter ended June 30:

Particulars (in Rs. millions)	Q1 Current	Q1 Previous	% Change
Revenue from Operations	0.00	0.00	0.0%
Other Income	8.31	7.45	11.5%
Total Revenue	8.31	7.45	11.5%
Total Expenses	4.59	5.61	-18.2%
Profit Before Tax	3.72	1.84	102.2%
Net Profit	2.78	1.38	101.4%
Earnings Per Share (Rs.)	0.13	0.09	44.4%

The company's total revenue for the quarter stood at Rs. 8.31 million, comprising entirely of other income, with no revenue from operations. This represents an 11.5% increase compared to the same quarter in the previous fiscal year.

Prime Industries managed to reduce its total expenses by 18.2% year-over-year, from Rs. 5.61 million to Rs. 4.59 million. This reduction in expenses, coupled with increased other income, led to a significant improvement in profitability.

The company's net profit for the quarter more than doubled, reaching Rs. 2.78 million, up from Rs. 1.38 million in the corresponding quarter of the previous year. This translates to a 101.4% increase in net profit. Consequently, the basic earnings per share (EPS) improved to Rs. 0.13, compared to Rs. 0.09 in the previous year's quarter.

Strategic Acquisition in Agricultural Machinery Sector

In a significant move to diversify its business interests, Prime Industries Limited has acquired a majority stake in LINGA AGRI TRADING AND MACHINERY PRIVATE LIMITED. The company has executed share purchase agreements to acquire a 50.001% equity stake, making LINGA AGRI TRADING AND MACHINERY PRIVATE LIMITED a subsidiary of Prime Industries.

The acquired company specializes in the manufacturing of various farm and agricultural machinery, implements, mechanical and scientific equipment, apparatuses, and devices, along with their spares and accessories. This strategic investment positions Prime Industries to enter the agricultural machinery sector, potentially opening up new revenue streams and growth opportunities.

The board meeting to approve these results and the acquisition was held on August 2, commencing at 12:00 Noon and concluding at 1:00 PM.

Prime Industries Limited continues to navigate a challenging business environment, focusing on financial stability and strategic growth opportunities. The acquisition of a majority stake in an agricultural machinery company represents a significant step in the company's efforts to diversify its business portfolio and tap into the agricultural sector's potential.