With reference to outcome of Board Meeting dated 15th day of january, 2026 we attach herewith ''Notice of Extra-ordinary General Meeting'' of the Company to be held on Monday, 09th February, ....
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Prime Industries Ltd has called an Extra-Ordinary General Meeting (EGM) on 9 February 2026 at 2:00 PM in Ludhiana. Three items are on the agenda: (1) Regularisation of Mr. Rama Nand Gupta (DIN 03397154, 71 years old) as Director, (2) His appointment as Whole-Time Director for 5 years (Feb 2026 to Feb 2031) at a salary of Rs. 50,000 per month (Rs. 6 lakh per annum) with no additional perquisites, and (3) An increase in the company's Authorised Share Capital from Rs. 20 crore (4 crore equity shares of Rs. 5) to Rs. 35 crore (7 crore equity shares of Rs. 5). E-voting window is 6-8 February 2026 with a cut-off date of 4 February 2026. The company is a small-cap BSE-listed entity (Scrip Code 519299) registered in Punjab.
The capital increase from Rs. 20 crore to Rs. 35 crore (a 75% jump in authorised capital) signals potential fundraising or expansion plans in the near future, though no specific issuance is announced yet. The director appointments are routine governance matters, with the WTD salary being relatively modest. Existing shareholders should watch for follow-up announcements on any actual equity issuance that would dilute holdings.