Prime Industries Ltd — Updates, 02-05-2025: Company Update

Prime Industries Limited has announced a board meeting on 15 May 2025 to consider the financial results for the quarter and half-year. The company reported no deviation in the use of proceeds from two preferential issues of convertible warrants. It raised Rs. 6.95 Cr from 53.5 lakh warrants at Rs. 13 each, fully utilizing the subscription amount and converting all warrants into equity shares. Additionally, it raised Rs. 36.23 Cr from 17.25 lakh warrants at Rs. 210 each, with the upfront subscription received and used, while the balance amount is expected within 18 months. No comments were noted from auditors or audit committee.