Prime Industries Limited announced key leadership and audit appointments following a Board of Directors meeting on September 8, 2026. The company has appointed Mr. Sanjeev Malik as an Additional Director (Executive Director), to be designated as Managing Director, subject to shareholder approval. Additionally, M/s. Akshay Singhla & Associates have been appointed as the new Statutory Auditors to fill a casual vacancy. These changes aim to strengthen governance and financial reporting.
Board Decisions for Leadership and Audit
In a significant move for corporate governance, the Board of Directors of Prime Industries Limited convened on Tuesday, September 8, 2026. During this meeting, the Board, acting on recommendations from its committees, approved two pivotal appointments.
New Managing Director Appointed
Following the recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Mr. Sanjeev Malik (DIN: 09498207) as an Additional Director. He is set to be designated as the Managing Director of the Company, contingent upon the approval of the shareholders. Mr. Malik brings over 30 years of professional experience in the textile and related industries, with extensive exposure to manufacturing, production management, and business development. His expertise is expected to guide the company’s growth and long-term development.
New Statutory Auditors Appointed
Concurrently, the Board, based on the Audit Committee’s recommendation, approved the appointment of M/s. Akshay Singhla & Associates, Chartered Accountants (Firm Registration Number: 039880N), as the new Statutory Auditors. This appointment is to fill the casual vacancy created by the resignation of the previous auditors, M/s. Bhushan Aggarwal & Co. M/s. Akshay Singhla & Associates will hold office until the upcoming Annual General Meeting.
Meeting Details
The Board meeting commenced at 03:00 pm and concluded at 03:45 pm on September 8, 2026.
Source: BSE
