Prime Fresh Limited Allots 1,18,849 Equity Shares Following Convertible Warrant Conversion

Prime Fresh Limited has completed the allotment of 1,18,849 equity shares following the conversion of convertible warrants by promoter Mr. Hiren Chandrakant Ghelani. The Finance Committee approved this allotment on March 30, 2026, in compliance with SEBI regulations and the in-principle approval received from BSE Limited on May 27, 2025.

Allotment Details and Financial Structure

The equity shares were allotted at Rs. 164 per share, comprising a face value of Rs. 10 and a premium of Rs. 154 per share. The total value of the allotment reached Rs. 1,94,91,236. The company had initially received Rs. 48,72,809 (25% of the issue price) at the time of warrant allotment and subsequently received the balance amount of Rs. 1,46,18,427 (75% of the issue price) upon conversion.

Parameter: Details Number of Shares Allotted: 1,18,849 Issue Price per Share: Rs. 164 Face Value: Rs. 10 Premium per Share: Rs. 154 Total Allotment Value: Rs. 1,94,91,236 Allottee: Mr. Hiren Chandrakant Ghelani (Promoter)

Impact on Share Capital Structure

Following the allotment, Prime Fresh Limited's capital structure has been updated significantly. The issued share capital now stands at Rs. 14,10,62,040, divided into 1,41,06,204 equity shares of Rs. 10 each. The subscribed and paid-up share capital amounts to Rs. 13,87,98,610, comprising 1,38,79,861 equity shares of Rs. 10 each.

Regulatory Compliance and Approvals

The allotment was conducted under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company had received in-principle approval from BSE Limited on May 27, 2025, for this preferential allotment. The original warrant allotment was approved through a postal ballot on May 15, 2025.

Regulatory Aspect: Details Type of Issuance: Preferential Allotment BSE Approval Date: May 27, 2025 Shareholder Approval: Postal Ballot - May 15, 2025 Conversion Tenure: 18 months from warrant allotment Lock-in Period: As per SEBI Guidelines

Warrant Conversion Process

The convertible warrants were part of an initial allotment of 960,000 warrants to promoters on a preferential basis. These warrants carried the option to convert into an equal number of equity shares at Rs. 164 per warrant within 18 months from the allotment date. The allottee, Mr. Hiren Chandrakant Ghelani, has confirmed that no shares were sold or transferred in the 90 trading days preceding the conversion date, meeting SEBI compliance requirements.

The Finance Committee meeting, which commenced at 11:00 AM and concluded at 11:08 AM on March 30, 2026, was conducted through video conferencing. The committee authorized the management to complete all necessary formalities, including filing the Return of Allotment with the Registrar of Companies and making the listing application to BSE Limited for the newly allotted shares.

Meeting Details: Information Meeting Date: March 30, 2026 Meeting Duration: 11:00 AM to 11:08 AM Meeting Mode: Video Conferencing Company Secretary: Jasmin Doshi Managing Director: Jinen Ghelani (DIN: 01872929)

Prime Fresh promoter Hiren Chandrakant Ghelani has acquired additional equity shares of the company through an open market transaction, as disclosed in a regulatory filing dated March 27, 2026. The acquisition was made under the provisions of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Latest Transaction Details

The most recent acquisition involved 200 equity shares purchased on March 25, 2026, through open market operations. This represents a minimal 0.001% of the company's total share capital and diluted share capital.

Transaction Parameter: Details Shares Acquired: 200 Acquisition Date: March 25, 2026 Mode of Acquisition: Open Market Percentage of Total Capital: 0.001% Percentage of Diluted Capital: 0.001%

Updated Shareholding Pattern

Following this latest transaction, Ghelani's shareholding position in Prime Fresh Limited has been updated. His total holding increased from 41,58,884 shares to 41,59,084 shares, while maintaining the same percentage stake in the company.

Shareholding Details: Before Acquisition After Acquisition Number of Shares: 41,58,884 41,59,084 Percentage of Share Capital: 30.22% 30.22% Percentage of Diluted Capital: 28.47% 28.48%

Company Capital Structure

Prime Fresh Limited's equity share capital structure remains unchanged following this transaction. The company maintains its existing capital base with no alterations to the total number of outstanding shares.

Capital Structure: Details Equity Share Capital: Rs. 13,76,10,120 Total Number of Shares: 1,37,61,012 Face Value per Share: Rs. 10 Diluted Share Capital: Rs. 14,60,57,670 Diluted Number of Shares: 1,46,05,767

Regulatory Compliance

The disclosure was made in compliance with Regulation 29(2) of SEBI (SAST) Regulations, 2011, which mandates disclosure of substantial acquisitions. Ghelani, being a promoter of the company, is required to report such transactions to maintain transparency in shareholding patterns. The shares of Prime Fresh Limited are listed on BSE Limited.

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