Demise of Chairman & Managing Director; Board to consider Pro Tem Chairman
Prima Industries Ltd has informed BSE of the sad demise of Mr. S K Gupta (DIN: 00248760), its Chairman & Managing Director, on 13th October, 2026.
By ScoutQuest · · 2 min read
- Designation
- Chairman & Managing Director
- DIN
- 00248760
- Date of Demise
- 13th October, 2026
What the update says
Prima Industries Ltd has informed BSE about the sad and unexpected demise of Mr. S K Gupta (DIN: 00248760), its Chairman & Managing Director. The death occurred on 13th October, 2026, and the information came to the knowledge of the Company on 13th October, 2026, at 06:50 a.m.
This is a disclosure of a change in a director's position, and the reason recorded for the change is Death. The Board of Directors and employees of the Company have conveyed their condolences and sympathies to the bereaved family.
What the Company proposes next
- The Company proposes to convene a meeting of the Board of Directors after the completion of the cremation rituals.
- At that meeting, the Board will consider and decide upon the election of a Pro Tem Chairman.
- The stated purpose is to facilitate the necessary interim arrangements for the affairs of the Company.
- The outcome of the meeting will be communicated to the stock exchange.
Other details in the update
- Mr. Gupta was the Chairman & Managing Director of Prima Industries Ltd.
- Under the names of listed entities in which he held directorships, the update lists Prima Agro Limited, where he was Chairman & Managing Director.
Why this matters to investors
The Chairman & Managing Director is a top leadership position, so a change at this level is a material event for any listed company. The update itself describes the demise as an irreparable loss to the Company.
The update also sets out the route the Company intends to follow for continuity: an interim arrangement through a Pro Tem Chairman, decided by the Board. Investors will get further details once the Company communicates the outcome of that Board meeting to the exchange.
How to read this
This is a cessation-type disclosure, and it tells readers that the position of Chairman & Managing Director has fallen vacant on account of death. The next communication from the Company on the Board meeting outcome is the one that would set out who takes on the interim role and how the affairs are to be managed in the meantime.
Also from Prima Industries
Demise of Chairman & Managing Director; Board to consider electing a Pro Tem Chairman
13 Oct 2026
Members approve adoption of new MOA and AOA, replacing the existing ones in full
8 Oct 2026
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