Prime Fresh Limited received BSE trading approval for 44,715 equity shares converted from warrants and allotted to promoter Mr. Hiren Ghelani on February 24, 2026. The shares, issued at Rs. 164/- each with distinctive numbers 13916298 to 13961012, began trading on March 19, 2026. While subject to lock-in until October 31, 2027, the securities rank pari-passu with existing shares and are fully authorized for trading by BSE members.

Prime Fresh Limited Receives BSE Trading Approval for 44,715 Equity Shares from Warrant Conversion

Prime Fresh Limited has successfully obtained trading approval from BSE Limited for 44,715 equity shares that were allotted upon conversion of convertible warrants. The company announced that these shares commenced trading on the BSE platform effective March 19, 2026.

Share Allotment and Conversion Details

The equity shares were originally allotted on February 24, 2026, following the conversion of 44,715 convertible warrants. The allotment was made to Mr. Hiren Ghelani, a promoter of the company, on a preferential basis.

Parameter: Details Number of Shares: 44,715 Face Value: Rs. 10/- each Premium: Rs. 154/- Issue Price: Rs. 164/- Allottee: Mr. Hiren Ghelani (Promoter) Allotment Date: February 24, 2026 Distinctive Numbers: 13916298 to 13961012

Regulatory Approvals and Timeline

The regulatory approval process followed a structured timeline. BSE Limited initially granted listing approval on March 11, 2026, for the 44,715 equity shares. Subsequently, the company applied for trading approval, which was granted on March 18, 2026, through BSE's letter and Notice No. 20260318-18.

The newly issued shares rank pari-passu with the existing equity shares of Prime Fresh Limited, ensuring equal rights and privileges for all shareholders.

Lock-in Period and Trading Commencement

The converted equity shares are subject to regulatory lock-in provisions. All 44,715 shares bearing distinctive numbers 13916298 to 13961012 will remain locked-in until October 31, 2027.

Lock-in Details: Specifications Number of Locked Shares: 44,715 Distinctive Numbers: 13916298 to 13961012 Lock-in Period Ends: October 31, 2027 Trading Commencement: March 19, 2026

Despite the lock-in restrictions, BSE trading members are authorized to facilitate trading in these securities from March 19, 2026, onwards.

Corporate Communication

The announcement was made through a formal communication to BSE Limited, signed by Jasmin Doshi, Company Secretary of Prime Fresh Limited. The company acknowledged receipt of both the trading approval letter and the official notice from BSE, confirming the completion of all regulatory requirements for the warrant conversion process.

This warrant conversion represents a significant corporate action for Prime Fresh Limited, adding 44,715 new equity shares to its traded securities on the BSE platform while maintaining compliance with all regulatory frameworks.

Prime Fresh Limited has received listing approval from BSE for 44,715 equity shares issued to promoters on a preferential basis pursuant to warrant conversion. The development was communicated to the stock exchange on March 11, 2026, in compliance with regulatory requirements.

Share Issue Details

The approved equity shares carry the following specifications:

Parameter: Details Number of Shares: 44,715 Face Value: Rs. 10/- each Premium: Rs. 164/- per share Distinctive Numbers: 13916298 to 13961012 Issue Basis: Preferential to promoters Purpose: Warrant conversion

Regulatory Compliance

Prime Fresh Limited submitted the intimation under Regulation 28, 30 read with Schedule III of the SEBI (LODR) Regulations, 2015. The company's Managing Director Jinen Ghelani signed the compliance document, confirming receipt of the listing approval letter from BSE.

Trading Approval Requirements

BSE has outlined specific conditions that must be fulfilled before trading approval is granted for the newly issued shares:

Listing approval from National Stock Exchange of India Ltd. (if applicable)

Confirmation letters from NSDL/CDSL regarding crediting shares to beneficiary accounts

Confirmation about admitting the capital to the depository system

Lock-in confirmation for pre-preferential holding (if applicable)

Additional Compliance Obligations

The exchange has emphasized several regulatory requirements that Prime Fresh Limited must observe:

Compliance with Regulation 167 of SEBI (ICDR) Regulations

Filing shareholding pattern in XBRL mode if changes exceed two percent of total paid-up share capital

Application for trading approval within seven working days from listing approval date

Adherence to requirements specified in SEBI circular dated June 21, 2023

The company must ensure all documentation is filed together to complete the listing process and enable trading of the preferentially issued equity shares.

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