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.

Prime Industries has achieved a significant operational milestone by securing approval from the Bureau of Indian Standards (BIS) to expand its cable production capacity to 33KV. This regulatory certification marks an important step forward for the company's manufacturing capabilities and market positioning.

Regulatory Approval Details

The BIS approval enables Prime Industries to manufacture cables with enhanced voltage specifications up to 33KV. This certification demonstrates the company's commitment to meeting stringent quality standards and regulatory compliance requirements in the electrical cable manufacturing sector.

Strategic Implications

The expanded production capacity to 33KV represents a significant enhancement to Prime Industries' manufacturing portfolio. This development positions the company to serve a broader range of electrical infrastructure projects and meet the growing demand for higher voltage cable solutions in the Indian market.

The BIS certification validates the company's technical capabilities and manufacturing standards, potentially opening new market opportunities and strengthening its competitive position in the electrical cable industry. This approval reflects Prime Industries' focus on expanding its product range and enhancing operational capabilities to serve diverse customer requirements.