We are hereby intimating the amendment made in the Memorandum of Association of the Company, in brief.
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Awaiting price reaction for this filing.
Prime Industries Ltd held an Extra Ordinary General Meeting (EGM) on 9 February 2026 where shareholders approved, by ordinary resolution, an alteration in the Capital Clause of the company's Memorandum of Association. The revised Clause V sets a new Authorised Share Capital of Rs. 35 Crores, divided into 7 Crore (7,00,00,000) Equity Shares of Rs. 5/- face value each. The company has formally disclosed this to BSE under SEBI LODR regulations. The filing was signed by Managing Director Rajinder Kumar Singhania. The actual paid-up capital and the previous authorised capital figure are not specified in the document, but the approval paves the way for potential issuance of new shares up to the new authorised limit.
This is a procedural/governance filing that increases the company's authorised share capital ceiling, giving the board flexibility to issue more equity shares in the future (subject to further approvals). It does not by itself mean new shares are being issued or diluted, but it signals potential future capital-raising plans — investors should watch for follow-up announcements on any actual share issuance.