Prime Fresh promoter Ameesha Karia has disclosed the release of 535 equity shares under Regulation 31 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was submitted on 06.04.2026 to BSE Limited and the target company, providing details of the share encumbrance release transaction.

Share Release Details

The release transaction involves the complete discharge of previously pledged shares, eliminating the encumbrance that was created for trading margin purposes.

Promoter Holdings Overview

Ameesha Karia's shareholding position in Prime Fresh Limited shows her overall stake in the company following the share release activity.

Regulatory Compliance

The disclosure fulfills the mandatory reporting requirements under SEBI regulations for promoter share encumbrance release activities. The transaction represents a complete release of encumbrance from the pledging arrangement with Motilal Oswal Financial Services Limited. The shares were originally pledged to provide margin for trading activities in the securities market, and their release indicates the completion or settlement of the underlying trading arrangement.

Promoter Group Structure

The disclosure document reveals the broader promoter group structure of Prime Fresh Limited, which includes multiple individual and corporate promoters. Hiren Chandrakant Ghelani holds the largest stake among promoters with 4,159,084 shares representing 30.22% of total share capital. Other significant promoter holdings include Jinen Ghelani with 803,289 shares (5.84%) and Hardik Ghelani with 625,800 shares (4.55%). Corporate promoter entities NH Time Investments Research Private Limited and Prosperity Securities Private Limited hold 408,000 shares (2.96%) and 402,000 shares (2.92%) respectively. Notably, Hardik Ghelani continues to maintain encumbrance on his entire holding of 625,800 shares representing 4.55% of share capital.

Prime Fresh Limited has officially communicated to BSE Limited regarding the non-applicability of specific SEBI regulatory requirements related to debt securities issuance. The company clarified its position through a formal disclosure dated April 6, 2026, addressing compliance obligations under existing market regulations.

SEBI Circular Classification

The communication specifically references SEBI circular no. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, which pertains to fund raising through issuance of debt securities by large entities. Prime Fresh Limited has determined that it does not qualify as a "Large Corporate (LC)" under the framework and applicability criteria outlined in the aforementioned circular.

Regulatory Compliance Impact

As a result of not meeting the Large Corporate criteria, Prime Fresh Limited is exempt from the disclosure requirements specified under Para No-4 of the SEBI circular. This exemption means the company is not obligated to comply with certain reporting and disclosure norms that apply specifically to large entities seeking to raise funds through debt securities.

The notification was formally submitted to BSE Limited's listing department, addressed to the Manager, Listing at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai. The company has requested BSE to acknowledge receipt of this communication and find the disclosure in order.

Corporate Authorization

The disclosure was digitally signed and authorized by Jasmin Doshi, Company Secretary of Prime Fresh Limited. The digital signature includes comprehensive authentication details and was executed on April 6, 2026, at 11:27:53 +05'30'. The communication also bears the official circular stamp of Prime Fresh Limited, Ahmedabad, providing additional authentication to the regulatory filing.