Announced Sun, 20 Sept · 14:49 IST
Board approves preferential share issue to non-promoters at Rs 42 per share
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹59.75
prior close
₹62.73
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0——————————
Up moveDown movePending
AI summary
Prime Industries board approved increasing authorised capital from Rs 35 cr to Rs 40 cr and issuing up to 27.3 lakh equity shares on preferential basis to non-promoters at Rs 42 per share, raising about Rs 11.47 cr. Appointed new non-executive director Mr Deepak Handa, company secretary Ms Diksha Tiwari, and internal auditor. Resignation of Mr Harjeet Singh Arora noted. Object clause altered to add automotive, metals, and defense sectors. AGM scheduled.
Likely market impact
Preferential issue to non-promoters will dilute existing shareholders. Expansion into new sectors may support future growth, pending shareholder approval.