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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On the reaction day the stock moved 4.1 pts more than Nifty Microcap 250 and 3.8 pts more than its Edible Oil peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Prima Industries has issued and allotted 51,97,403 unlisted 10% Non-Convertible Redeemable Preference Shares to Ayyappa Roller Flour Mills Limited, the sole allottee. This action was taken under Section 55(3) of the Companies Act, 2013, following an NCLT Kochi Bench order dated 21st January 2026. The new shares, carrying a 20-year tenure from July 2022 to July 2042, are essentially replacing the same number of existing unredeemed preference shares held by the same party. Since these are non-convertible shares, they do not dilute equity. The filing is largely procedural, complying with the court-mandated restructuring of an existing preference shareholding.
Minimal impact for ordinary equity shareholders — this is a like-for-like preference share swap with the same sole holder under a court order, so no new capital is raised and no equity dilution occurs. The stock price is unlikely to move meaningfully on this news.