Company Profile

Issue Of Warrants & Employees Stock Option Plan Inter alia, approved the following business: 1. ISSUANCE OF WARRANTS CONVERTIBLE INTO EQUITY SHARES OF THE COMPANY ON PREFERENTIAL BASIS: To issue upto 47,03,125 (Forty Seven Lakh Three Thousand One Hundred Twenty Five) warrants, each (Rupees into, or exchangeable for, one fully paid- up equity share of the Company of face Value % 5.00/- (?Warrant Five only) (?Warrants?) at a price of %210/- (Rupees Two Hundred Ten Only) each payable in cash Issue Price?) aggregating upto X98,76,56,250/- (Rupees Ninety Eight Crore Seventy Six Lakhs Fifty Six (?Proposed Thousand Two Hundred Fifty Only) (?Total Issue Size?), to persons / entity as listed in accordance Allottees?) who are belonging to non-promoter group, by way of preferential issue which will be with with provisions of section 23(1)(b), 42, 62(1)(c) of the Companies Act, 2013 as amended, read Debentures) Companies (Prospectus and Allotment of Securities) Rules, 2014, and Companies (Share Capital and Rules, 2014 as amended, and Chapter V of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended (?SEBI ICDR Regulations?), SEBI LODR egulations and such other acts / rules / regulations as may be applicable and subject to necessary approval of the shareholders of the Company at the ensuing Extraordinary General Meeting and other regulatory authorities, as may be applicable. 2. APPROVED ?PRIME INDUSTRIES LIMITED EMPLOYEE STOCK OPTION SCHEME- 2024? (?SCHEME?| SR SUBJECT TO APPROVAL OF OF THE THE SHAREHOLDERS' SHAREHOLDERS' OF OF THE THE COMPANY. COMPANY. 3. CONVENING AN EXTRAORDINARY GENERAL MEETING (EGM) FOR THE APPROVAL OF THE SHAREHOLDERS OF THE COMPANY The Board of Directors of the Company have decided to hold an EGM of the Company on Saturday, March 23, 2024 at 11:00 AM at Master Chambers, 19 Feroze Gandhi Market, Ludhiana, Punjab - 141001 and approved the draft notice of the EGM and matters related thereto to be issued to the shareholders for convening the EGM. 4. CUT-OFF DATE TO DETERMINE THE ELIGIBILITY OF THE MEMBERS FOR REMOTE E-VOTING The Company has fixed Saturday, March 16, 2024 as the cut-off date for determining the eligibility of the members, entitled to vote by remote e-voting and voting at the ensuing EGM of the Company schedule to be held on Saturday, March 23, 2024 at 11.00 AM at Master Chambers, 19 Feroze Gandhi Market, Ludhiana, Punjab - 141001. 5. APPOINTMENT OF SCRUTINIZER The Board has appointed Mr. Ansh Bhambri, Practicing Company Secretary, Proprietor of M/s Bhambri & Associates (C.P. No. 22626) as a Scrutinizer for the purpose of conducting the remote e-voting and voting process at the ensuing Extraordinary General Meeting (EGM) of the Company.