Author: Nishtha Mehrotra | EQMint
www.linkedin.com/in/nishtha-mehrotra-642787291
Prime Industries Limited is drawing attention following a series of strategic developments, including the appointment of Deepak Handa, a significant investment by Dr. Uday Narang, and increased social media attention around the company’s evolving manufacturing strategy.
Dr. Uday Narang, founder of Omega Seiki Mobility and promoter of OBSC Perfection Limited, has acquired a 10% strategic stake in Prime Industries through an ₹11.86 crore preferential issue. Following the announcement, #UdayNarangAndPrimeIndustries also trended at No. 1 in the Business & Finance category on X in India.
Deepak Handa Joins Prime Industries
Prime Industries has appointed Deepak Handa as an Additional Director (Non-Executive).
Handa brings more than 25 years of experience across the automotive, engineering, and precision manufacturing sectors. His appointment comes as Prime Industries continues to expand its focus on specialized engineering and advanced manufacturing.
The company has also expanded the scope of its Memorandum of Association (MoA) to include activities related to automotive design, simulation, and manufacturing, alongside its existing business interests.
Uday Narang Acquires 10% Strategic Stake
Prime Industries completed an ₹11.86 crore preferential issue through which Dr. Uday Narang acquired a 10% strategic stake in the company.
Under the allotment:
- Dr. Uday Narang was allotted 2,492,500 equity shares
- Kushal Muchhal was allotted 237,500 equity shares
- The issue price was fixed at ₹42 per share
- Narang’s post-preferential shareholding is expected to be around 11.32%
The company also approved an increase in its authorized share capital to ₹40 crore.
The investment adds an investor with experience in precision engineering, advanced manufacturing, electric mobility, and industrial technologies to Prime Industries’ shareholder base.
Uday Narang Trends #1 on X
The Prime Industries investment also generated significant attention on social media.
Following the announcement, #UdayNarangAndPrimeIndustries trended at No. 1 in the Business & Finance category on X in India.
The trend brought additional attention to the preferential issue and Prime Industries’ expanding focus on specialised engineering and strategic manufacturing sectors.
Why the Investment Is Significant
Prime Industries has been expanding beyond its original Vanaspati ghee manufacturing business into capital goods, specialised machinery and technology-led industrial activities.
Dr. Narang has highlighted the importance of developing a domestic ecosystem around India’s nuclear ambitions, particularly in precision engineering, specialised manufacturing and advanced technologies.
He has also pointed to nuclear, defence and aerospace as sectors where India can build deeper engineering and manufacturing capabilities.
The investment therefore comes at a time when Prime Industries is broadening its stated business interests across several specialised industrial segments.
Prime Industries’ Manufacturing Expansion
The company entered the capital goods industry in FY24 through a stake in Kay Bovet Engineering Limited.
Prime Industries subsequently restructured its Memorandum of Association to include capital goods and specialised products for Nuclear, Defence, Aerospace, and Bio-energy & Ethanol.
In FY25, the company acquired a controlling stake in Linga Agri Trading and Machinery Private Limited, expanding its exposure to areas including defence fabrication, waste management, food processing and agricultural equipment.
Its broader portfolio now connects with areas such as machining, forging, casting, fabrication and assembly.
About Dr. Uday Narang
Dr. Uday Narang is the founder of Omega Seiki Mobility, an electric vehicle manufacturer, and promoter of OBSC Perfection Limited. He is also associated with Simastra Systems Limited.
His industrial activities span mobility, precision engineering and advanced manufacturing, including ventures connected with defence and aerospace-linked applications.
About Prime Industries Limited
Prime Industries Limited is expanding its presence across specialised engineering, advanced manufacturing and technology-led businesses.
Its stated areas of interest include defence, nuclear, aerospace, capital goods, specialised machinery and emerging technologies.
The appointment of Deepak Handa, Uday Narang’s strategic investment and the attention generated on X collectively highlight the company’s ongoing transition towards engineering and manufacturing-oriented businesses.
Sources
- Prime Industries Limited corporate disclosures and board approvals relating to the preferential issue dated 20 September 2026.
- Company disclosures regarding the appointment of Deepak Handa, preferential allotment, authorised share capital and changes to the Memorandum of Association.
- Public statements attributed to Dr. Uday Narang regarding India’s nuclear, defence and aerospace manufacturing ecosystem.
Disclaimer: This article is for information purposes only and is not investment advice.
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