The Company hereby submits its response to the clarification sought by the Exchange vide email dated 12th February, 2026.
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Awaiting price reaction for this filing.
Prima Industries has responded to BSE's query about the recent sharp movement in its share price, dated 12 February 2026. The company said three factors likely caused the move: a rise in non-operational income from capital gains on redemption of mutual fund investments in Q3 FY26 (quarter ended 31 December 2025); a fall in operational income along with a matching drop in expenses; and a fresh issue of unlisted preference shares approved by the NCLT Kochi Bench on 21 January 2026 under Section 55(3) of the Companies Act, with allotment done at a board meeting on 12 February 2026. The company clarified that there is no undisclosed price-sensitive information and that all required disclosures have already been made to the exchange.
Short-term: shareholders should note the price rise was largely driven by one-time capital gains from mutual fund redemptions and a capital restructuring event, not stronger core business performance, since operational income actually fell. Medium-term: the preference share issuance will dilute the equity base and warrants a close look at how the new capital is being deployed.