Prime Industries Limited has disclosed a substantial share disposal by its promoters and Persons Acting in Concert (PACs). A total of 5,84,500 equity shares were sold, reducing the promoters’ overall shareholding to 6.11% from 26.07%. The transaction, valued at approximately 19.95% of the total diluted share capital, was executed as an off-market transaction on September 11, 2026.
Promoter Share Disposal Details
Prime Industries Limited has officially announced a significant disposal of shares by its promoters and associated entities. The disclosure, made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, confirms the sale of 5,84,500 equity shares. This transaction marks a notable shift in the promoter group’s stake in the company.
Transaction Overview
The sale was conducted as an off-market transaction on September 11, 2026. Following this disposal, the collective shareholding of the promoters and PACs in Prime Industries Limited has been reduced to 6.11% of the total diluted share capital. Prior to this transaction, their combined holding stood at 26.07%, indicating a substantial reduction in their ownership.
Shareholding Impact
The shares were sold at a value equivalent to approximately 19.95% of the company’s total diluted share capital. The effective date of the sale is noted as September 11, 2026. The total diluted share capital of Prime Industries Limited amounts to 2,10,03,400 equity shares, each with a face value of Rs. 5/-.
Key Sellers and Their Holdings
The disclosure details individual sales by several key promoters and PACs. Notably, Rajinder Kumar Singhania disposed of 13,01,000 shares, Puneet Singhania sold 5,84,500 shares, and Harneesh Kaur Arora offloaded 8,33,500 shares. Other significant disposals were made by Saintco India LLP (6,93,000 shares) and Crescent Investments (2,54,000 shares). Post-sale, the holding of Puneet Singhania is reported as 5,34,834 shares (2.55%).
Source: BSE
