Prime Industries Limited has completed a Rs 11.86 crore fundraise through a preferential issue. As part of this fundraise, Dr. Uday Narang has acquired a 10 percent stake in the company as a strategic investor. The information was disclosed on September 20, 2026 under Regulation 30.
Key Details of the Fundraise
Rs 11.86 Crore Through Preferential Issue
The company has concluded the fundraise via preferential allotment. This is structured as a strategic investment. The press release for the same has been published on the company website for investors and stakeholders.
10 Percent Stake for Strategic Investor
Dr. Uday Narang has taken a 10 percent stake in Prime Industries through this preferential issue. The entry of a strategic investor is expected to add industrial expertise and long-term value to the company's growth plans.
About the Strategic Investor
Who is Dr. Uday Narang
Dr. Uday Narang is promoter of OBSC Perfection Limited and Founder of Omega Seiki Mobility and associated with Simastra Systems Limited. He brings experience in precision engineering and manufacturing with capabilities spanning machining, forging, casting, fabrication and assembly.
Experience in Defence and Aerospace
His presence is expanding in defence and aerospace sectors. His exposure to precision manufacturing and strategic sectors including defence and nuclear-related applications, along with his industrial network, provides valuable context to Prime Industries' focus on specialised engineering and high-value industrial opportunities.
Growing Industrial Presence
Active Stakes in Engineering Companies
Prime Industries is developing an active presence across specialised engineering, advanced manufacturing and new-age technology-led businesses through its active equity stakes in Kay Bouvet Engineering Limited and Linga Agri Trading and Machinery Private Limited.
Kay Bouvet Engineering Limited
Kay Bouvet Engineering brings decades of experience in heavy engineering and specialised manufacturing, serving demanding sectors including Defence, Nuclear and Space. Its capabilities include precision engineering, fabrication and manufacture of critical components for specialised applications.
Linga Agri Trading and Machinery
Linga Agri Trading and Machinery Private Limited develops proprietary advanced machinery and engineering solutions across agricultural mechanisation, waste management, biomining and other industrial applications.
Strategic Focus of Prime Industries
Prime Industries is working across specialised engineering, advanced manufacturing and technology-led businesses. Through its businesses and strategic partnerships, the company is developing capabilities across Defence, Nuclear, Aerospace, Capital Goods, specialised machinery and emerging technologies.
The company combines strategic capital, industry expertise and operational support to strengthen businesses, create industry synergies and scale opportunities with potential to contribute to India's next phase of industrial growth.
Why This Fundraise is Important
- Strategic Capital: Rs 11.86 crore infusion through preferential route strengthens capital base.
- Expert Investor: Dr. Uday Narang brings precision manufacturing and defence sector expertise.
- Industrial Synergy: Aligns with existing stakes in Kay Bouvet and Linga Agri for integrated engineering platform.
- Growth Roadmap: Supports focus on Defence, Nuclear, Space and high-value engineering opportunities.