BSECompany Update5d ago · 20 Sept 2026, 03:27 pm

Press release on Fund raise through Strategic Investment.

Prime Industries Ltd · 519299

✦ AI Summary▲ PositiveFundraise

Prime Industries Ltd has completed a ₹11.86 crore fundraise through a preferential issue, resulting in the acquisition of a 10% stake by Dr. Uday Narang, a strategic investor with experience in precision engineering and manufacturing.

Analysis Scores

Earnings Impact6/10
Growth Catalyst8/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment9/10

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Full Announcement

Prime Industries Ltd - 519299 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

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Date: September 20, 2026 The Manager Department of Corporate Service, BSE Limited P.J. Towers, Dalal Street Mumbai-400001 Scrip Code – 519299 (Prime Industries Limited) Subject: Intimation for publication of press release on Fund raise through Strategic Investment. Madam/ Sir, Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, We enclosed herewith the press release on Fund raise through Preferential Issue as Strategic Investment. The attached press release is also available on the website of the Company at https://primeindustrieslimited.in/investors/ , for the information of investors and stakeholders. Kindly take the above on your record. Thanking you. Yours faithfully, For Prime Industries Limited Sanjiv Malik Additional Director DIN: 09498207 PRESS RELEASE Prime Industries Concludes ₹11.86 Crore Fundraise Through Preferential Issue; Dr. Uday Narang Joins as Strategic Investor Ludhiana, September 2026: Prime Industries Ltd. has completed a ₹11.86 crore fundraise through a preferential issue, resulting in the acquisition of a 10% stake by Dr. Uday Narang. About Dr. Uday Narang Dr. Uday Narang, promoter of OBSC Perfection Limited, Founder of Omega Seiki Mobility (OSM) and associated with Simastra Systems Limited, brings experience in precision engineering and manufacturing, with capabilities spanning machining, forging, casting, fabrication and assembly, and an expanding presence in defence and aerospace. His association with Prime Industries brings relevant experience in advanced manufacturing and specialised engineering. His exposure to precision manufacturing and strategic sectors, including defence and nuclear- related applications, along with his industrial network, provides valuable context to Prime Industries’ focus on specialised engineering, precision manufacturing and high-value industrial opportunities. A Growing Industrial Presence Prime Industries is developing an active presence across specialised engineering, advanced manufacturing and new-age technology-led businesses through its active equity stakes in Kay Bouvet Engineering Limited and Linga Agri Trading and Machinery Private Limited. Kay Bouvet Engineering Limited brings decades of experience in heavy engineering and specialised manufacturing, serving demanding sectors including Defence, Nuclear and Space. Its capabilities include precision engineering, fabrication and the manufacture of critical components for specialised applications. Linga Agri Trading and Machinery Private Limited develops proprietary advance machinery and engineering solutions across agricultural mechanisation, waste management, biomining and other industrial applications. Together, these businesses provide Prime Industries with an active presence across engineering, manufacturing, machinery and technology, creating a strong foundation for its broader industrial ambitions. About Prime Industries Ltd. Prime Industries Ltd. is working across specialised engineering, advanced manufacturing and technology- led businesses. Through its businesses and strategic partnerships, the Company is developing capabilities across Defence, Nuclear, Aerospace, Capital Goods, specialised machinery and emerging technologies. Prime Industries combines strategic capital, industry expertise and operational support to strengthen businesses, create industry synergies and scale opportunities with the potential to contribute to India’s next phase of industrial growth. To know more visit www.primeindustrieslimited.com