Prime Industries Board Approves ₹11.47 Crore Preferential Issue At ₹42

Board approved preferential issue of 27.3L shares at Rs42 aggregating Rs11.5Cr to Uday Narang (24.93L, 11.32% post) and Kushal Muchhal, plus authorised capital hike to Rs40Cr. First fresh equity since prior warrant rounds closed; creates large new holder after recent promoter sell-down, reshaping control; MOA auto/defence expansion extends new-vector pattern. Preferential dilution ~11.5% pending AGM nod; use of proceeds not disclosed. Promoter-linked director exit, all-independent panels, auto-veteran entry reshape board; RPT terms awaited.