Prime Industries Limited has successfully concluded a ₹11.86 crore fundraise via a preferential issue, which has resulted in Dr. Uday Narang acquiring a 10% stake in the company. Dr. Narang, a promoter of OBSC Perfection Limited and founder of Omega Seiki Mobility, brings extensive experience in precision engineering and advanced manufacturing. This strategic investment is expected to bolster Prime Industries’ capabilities and its focus on specialized engineering and high-value industrial opportunities.
Strategic Investment Boosts Capital
Prime Industries Limited announced on September 20, 2026, the successful completion of its fundraise amounting to ₹11.86 crore. This capital infusion was executed through a preferential issue, a move that has welcomed Dr. Uday Narang as a strategic investor, who now holds a 10% equity stake in the company. The press release was officially issued on this date, detailing the significance of this financial milestone.
New Strategic Investor Onboard
Dr. Uday Narang is a notable figure in the industrial sector, recognized as the promoter of OBSC Perfection Limited and the Founder of Omega Seiki Mobility (OSM). His background includes significant experience in precision engineering and advanced manufacturing, with capabilities spanning machining, forging, casting, fabrication, and assembly. Dr. Narang’s involvement is anticipated to bring valuable industry network and expertise to Prime Industries, particularly in specialized engineering, precision manufacturing, and high-value industrial opportunities within sectors like defence and aerospace.
Expanding Industrial Presence
This strategic investment aligns with Prime Industries’ broader objective of expanding its footprint in specialized engineering and advanced manufacturing. The company is actively developing its presence through equity stakes in other firms like Kay Bouvet Engineering Limited, which specializes in heavy engineering and serves demanding sectors, and Linga Agri Trading and Machinery Private Limited, focused on agricultural mechanization and waste management solutions. These ventures collectively enhance Prime Industries’ capabilities across engineering, manufacturing, and technology.
Source: BSE
