Prime Fresh Ltd has appointed M/s Keshri & Associates as its statutory auditor for a term of five years, subject to shareholder approval. The appointment was approved by the Board of Directors following a recommendation from the Audit Committee. The new auditors will serve from the conclusion of the ensuing Annual General Meeting until the conclusion of the 24th Annual General Meeting.

The current statutory auditors, M/s O.P Bhandari & Co., Chartered Accountants, will complete their second term at the conclusion of the ensuing Annual General Meeting. The disclosure regarding the appointment was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

M/s Keshri & Associates, a firm established in 1983, is registered with the Institute of Chartered Accountants of India (Firm Registration No. 310006E). The firm is managed by nine partners and supported by a team of over 25 qualified and semi-qualified Chartered Accountants. Their core competencies include Audit, Advisory, and Taxation.

Details of the Appointment

Prime Fresh Limited, along with its group entities, has completed the acquisition of a 51% partnership stake in Poonaagrocart LLP for an aggregate investment of ₹51,00,000. The transaction, finalized on July 6, 2026, expands Prime Fresh's presence across the food value chain into the Ready-to-Eat and Ready-to-Heat segment. Poonaagrocart LLP has consequently become an associate of the company.

The investment was executed through a combination of contributions from Prime Fresh Limited and its group firms. Prime Fresh Limited acquired a 36% stake for ₹36,00,000, while Florens Farming Limited took a 10% stake for ₹10,00,000. Florens Fresh Supply Solutions Private Limited acquired the remaining 5% stake for ₹5,00,000. The transaction was funded through cash consideration.

Poonaagrocart LLP, incorporated on March 13, 2021, operates in the manufacturing of frozen foods, ready-to-eat meals, and Indian snacks. The entity offers a portfolio of over 50 products and reported a turnover of ₹2,87,87,800 in FY 2024-25. Its registered office is located in Pune, Maharashtra.

Shareholder approval for the investment was previously obtained on September 26, 2025, for an amount of ₹150 Crores. Apart from this approval, the company stated that no additional regulatory approvals are currently required, though it would obtain any necessary permissions if they become applicable subsequently.

Financial Overview of Poonaagrocart LLP

Investment Breakdown