Prime Fresh Limited has scheduled a one-on-one virtual meeting with Fident Asset Management for September 15, 2026.

The session is set to begin at 2:00 pm. The company issued the intimation in compliance with Regulation 30 read with Schedule III and Regulation 46(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details

The schedule remains subject to change due to exigencies from either the institutional investor or the company. Management confirmed that no unpublished price-sensitive information will be shared during the discussion.

Prime Fresh has acquired a controlling stake in its associate company, Florens Fresh Supply Solutions Private Limited, making the latter a subsidiary. The move aims to finance the development and expansion of business operations within the agriculture and food supply chain sector.

The listed entity allotted 15,00,000 equity shares of ₹10 each in Florens Fresh at an issue price of ₹20.75 per share. The total cash consideration for this acquisition amounts to ₹311.25 lakh. The allotment was completed on August 27, 2026.

Florens Fresh, incorporated on May 2, 2018, is engaged in trading, importing, exporting, processing, packaging, preserving, storing, marketing, and distributing fresh, frozen, and processed fruits, vegetables, agricultural produce, and food products. The company operates through online, offline, and technology-enabled e-commerce, B2B/B2C, and supply-chain platforms.

Financial Performance of Target Entity

Florens Fresh reported consistent revenue growth over the last three fiscal years. The turnover figures highlight the scale of the acquired entity:

What the Numbers Show

The target entity’s turnover more than doubled from ₹1,870.35 lakh in FY25 to ₹3,635.72 lakh in FY26. This significant year-on-year growth underscores the operational scaling of Florens Fresh prior to its conversion into a subsidiary, validating Prime Fresh’s strategic decision to consolidate control over the high-growth associate.

Transaction Details

The acquisition falls under the ambit of related-party transactions as Florens Fresh was previously an associate of Prime Fresh. The company stated that the transaction was conducted at arm’s length, with the shareholding acquired through the subscription of equity shares based on an independent valuation report. No governmental or regulatory approvals were required for this acquisition.

This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/2024/0155 dated November 11, 2024, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.