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
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Prime Industries Ltd - 519299 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Attachments (1)
📄pdf
Download →
a45b6771-41ea-4dca-95e8-211411379065.pdf
View document text
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