Intimation of Issue and Allotment of Unlisted 10% Non-Convertible Redeemable Preference Shares pursuant to the Order of the Hon'ble National Company Law Tribunal, Kochi Bench, dated 21st ....
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Prima Industries Ltd has issued and allotted 51,97,403 (about 51.97 lakh) 10% Unlisted Non-Convertible Redeemable Preference Shares to Ayyappa Roller Flour Mills Limited, the sole allottee. The allotment was made pursuant to an order from the NCLT Kochi Bench dated 21st January 2026 under Section 55(3) of the Companies Act, 2013. In exchange, an equal number of existing unredeemed 10% preference shares stand redeemed, keeping the overall preference share count unchanged. The new shares carry a 20-year tenure from 24 July 2022 to 23 July 2042.
This is essentially a like-for-like restructuring of preference shares under a court order — old shares redeemed and new ones of the same number and same 10% coupon issued, so there is no dilution or change in the capital structure for existing equity shareholders.