Prime Fresh Limited Promoter Releases Encumbrance on 700 Equity Shares

Prime Fresh Limited's promoter Hiren Chandrakant Ghelani has released the encumbrance on 700 equity shares, as disclosed on April 3, 2026, under SEBI's regulatory framework. The release transaction was completed on April 1, 2026, removing the previously created pledge on these shares.

Release of Encumbrance Details

The release involves 700 equity shares of Prime Fresh Limited that were previously encumbered. This represents 0.005% of the company's total share capital and marks the completion of the encumbrance cycle for these shares.

Parameter:	Details
Shares Released:	700 equity shares
Percentage of Total Capital:	0.005%
Release Date:	April 1, 2026
Type of Event:	Release of encumbrance
Current Encumbered Shares:	0 shares (0%)

Promoter Holdings Structure

Hiren Chandrakant Ghelani maintains substantial holdings in Prime Fresh Limited with 4159084 shares, representing 30.22% of the company's share capital. Following this release, his shareholding has no current encumbrances, returning to an unencumbered status.

Promoter Name:	Holdings	Percentage	Current Encumbrance
Hiren Chandrakant Ghelani:	4159084 shares	30.22%	0 shares (0%)
Jinen Ghelani:	803289 shares	5.84%	None
Hardik Ghelani:	625800 shares	4.55%	625800 shares (4.55%)

Other Promoter Group Holdings

The promoter group includes several family members and corporate entities with varying shareholdings. Neha Ghelani holds 189585 shares (1.38%), while Ameesha Karia maintains 296895 shares (2.16%). Corporate entities NH Time Investments Research Private Limited and Prosperity Securities Private Limited hold 408000 shares (2.96%) and 402000 shares (2.92%) respectively.

Regulatory Compliance Framework

The disclosure fulfills requirements under Regulation 31 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates promoters to inform stock exchanges and target companies about any encumbrance creation, invocation, or release of their shareholdings, ensuring complete market transparency.

The filing was submitted to BSE Limited, where Prime Fresh Limited's shares are listed, along with the company's registered office in Ahmedabad. The comprehensive disclosure includes detailed annexures providing complete information about the release arrangement and current promoter group holdings status.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.47%	+0.86%	-18.53%	-29.55%	+66.67%	+272.80%

Prime Fresh Limited promoter Mr. Hiren Chandrakant Ghelani has filed the mandatory disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, following the allotment of 1,18,849 equity shares through convertible warrant conversion. The Finance Committee approved this allotment on March 30, 2026, with the formal disclosure submitted to BSE Limited on March 31, 2026.

Warrant Conversion and Share Allotment Details

The equity shares were allotted at Rs. 164.00 per share, comprising a face value of Rs. 10.00 and a premium of Rs. 154.00 per share. The total value of the allotment reached Rs. 1,94,91,236.00. The conversion was executed under the preferential allotment framework, with the promoter exercising warrants within the stipulated 18-month conversion period.

Parameter:	Details
Number of Shares Allotted:	1,18,849
Issue Price per Share:	Rs. 164.00
Face Value:	Rs. 10.00
Premium per Share:	Rs. 154.00
Total Allotment Value:	Rs. 1,94,91,236.00
Allottee:	Mr. Hiren Chandrakant Ghelani (Promoter)
Conversion Date:	March 30, 2026

SEBI SAST Disclosure and Shareholding Changes

The mandatory disclosure reveals significant changes in the promoter's shareholding pattern following the warrant conversion. Mr. Ghelani's voting rights increased marginally while his convertible warrant holdings decreased substantially due to the conversion process.

Shareholding Details:	Before Acquisition	After Acquisition
Shares with Voting Rights:	41,59,084 (30.22%)	42,77,933 (30.82%)
Convertible Warrants:	50,03,839 (36.36%)	7,25,906 (5.23%)
Total Holding:	66.58%	36.05%
Shares Encumbered (Before):	8,44,755 (6.14%)	-

Updated Capital Structure

Following the allotment, Prime Fresh Limited's capital structure has been revised. The subscribed and paid-up share capital increased from Rs. 13,76,10,120.00 divided into 1,37,61,012 equity shares to Rs. 13,87,98,610.00 comprising 1,38,79,861 equity shares of Rs. 10.00 each.

Capital Structure:	Before Conversion	After Conversion
Paid-up Capital:	Rs. 13,76,10,120.00	Rs. 13,87,98,610.00
Number of Shares:	1,37,61,012	1,38,79,861
Total Diluted Capital:	-	Rs. 14,60,57,670.00
Diluted Share Count:	-	1,46,05,767

Regulatory Compliance and Documentation

The disclosure was submitted to BSE Limited with a formal letter from the promoter's Mumbai address, confirming compliance with SEBI regulations. The Finance Committee meeting was conducted through video conferencing, commencing at 11:00 AM and concluding at 11:08 AM on March 30, 2026. The conversion represents part of the original warrant allotment of 9,60,000 warrants issued to promoters on a preferential basis, with BSE's in-principle approval received on May 27, 2025.

The promoter confirmed that no shares were sold or transferred in the 90 trading days preceding the conversion date, meeting SEBI compliance requirements. The remaining convertible warrants of 7,25,906 continue to be held by the promoter group, representing 5.23% of the current share capital.