Prima Industries Extends Preference Share Redemption by 7 Years to 2033
Prima Industries Ltd has approved extending the redemption period of 60,00,000 unlisted 10% Non-Convertible Redeemable Preference Shares from March 26, 2026, to March 26, 2033. The ₹6.00 crore worth of shares, with a face value of ₹10 each, will be affected. This decision aims to improve cash flow management and align with long-term business plans. The extension is subject to shareholder approval at the upcoming general meeting and potential regulatory clearances. Additionally, Ms. Nayana V B has been appointed as the new Company Secretary and Compliance Officer, replacing Mrs. Malavika S Kumar.
04Aug 25
Prima Industries Reports Q1 Results, Announces Management Changes and AGM Date
Prima Industries approved Q1 financial results and made several corporate decisions. The 31st AGM is scheduled for September 15. Management changes include the appointment of Ms. Nayana V B as Company Secretary. The redemption period for 60,00,000 unlisted 10% redeemable preference shares was extended to March 26, 2033. Other decisions include appointing a scrutinizer for e-voting and setting dates for the closure of share transfer books.