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.

Prime Industries Limited's board of directors held a crucial meeting on January 15, 2026, approving significant corporate restructuring measures and leadership appointments. The meeting, conducted at the company's registered office in Ludhiana, Punjab, addressed key governance and capital structure decisions that will shape the company's future operations.

Director Appointment and Regularization

The board approved the regularization and appointment of Rama Nand Gupta as a key executive, subject to shareholder approval in the upcoming general meeting. The appointment details are structured as follows:

Gupta brings extensive banking experience, having served a PSU bank for 32 years across various departments and positions. He is a graduate from SRCC, Delhi University, with specialized expertise in credit and risk management. His professional background includes significant experience in industrial ventures and business potential assessment, along with expertise in designing customized MIS systems for improved operational control.

Authorized Capital Enhancement

The board approved a substantial increase in the company's authorized share capital, demonstrating confidence in future growth prospects. The capital restructuring involves:

This 75.00% increase in authorized capital provides the company with enhanced flexibility for future fundraising and expansion activities.

Extraordinary General Meeting Schedule

To seek shareholder approval for the proposed changes, the company has scheduled an Extraordinary General Meeting with the following arrangements:

The cut-off date of February 4, 2026, will determine member eligibility for remote e-voting and voting at the EGM. The company has appointed M/s Pooja M. Kohli & Associates, Company Secretary in whole-time practice, as scrutinizer to ensure fair and transparent e-voting processes.

Regulatory Compliance

The board meeting outcomes comply with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that the appointed director is not debarred from accessing capital markets or restrained from holding directorship by SEBI or any other authority. The meeting commenced at 1:00 PM and concluded at 9:15 PM, reflecting the comprehensive nature of the discussions and decisions made.