Prime Industries Limited announced significant changes in its board composition, with the resignation of Mr. Rama Nand Gupta as Whole-Time Director, effective August 22, 2026. Concurrently, the board approved a change in designation for Mr. Rajinder Kumar Singhania from Managing Director to Non-Executive Director, also effective August 22, 2026. These transitions are attributed to personal commitments and strategic realignments within the company.
Key Director Resignation
Prime Industries Limited has officially accepted the resignation of Mr. Rama Nand Gupta from his position as Whole-Time Director (WTD). The resignation is effective from the closing business hours of August 22, 2026. Mr. Gupta cited professional commitments as the reason for his departure, expressing gratitude for the support received during his tenure.
Designation Change for Managing Director
In a separate but related development, the Board of Directors has approved a change in the designation of Mr. Rajinder Kumar Singhania. He will transition from his role as Managing Director to Non-Executive Director. This change is effective from the closing business hours of August 22, 2026. Mr. Singhania stated that the decision is driven by personal commitments and a strategic realignment of responsibilities within the company. He will continue to serve the company in a non-executive capacity, offering support for its continued growth.
Board Meeting Details
Both decisions were taken during a board meeting held on Saturday, August 22, 2026. The meeting commenced at 11:00 AM and concluded at 11:30 AM. The company has provided the necessary disclosures regarding these directorial changes, as mandated by regulatory requirements.
Source: BSE
