Prime Fresh secures NHB in-principle approval for Nashik cluster project
- Prime Fresh received in-principle approval from NHB for Nashik CDP
- Project focuses on periurban vegetable cluster development
- Approval follows submission of two DPRs in August 2025
- Disclosure made under SEBI LODR Regulations, 2015
*this image is generated using AI for illustrative purposes only.
Prime Fresh has received in-principle approval from the National Horticulture Board (NHB) for its Nashik Cluster Development Programme. This regulatory green light validates the company’s strategy to expand its periurban vegetable infrastructure.
The approval follows the submission of two Detailed Project Reports (DPRs) and business plans to the NHB on August 19, 2025. The company disclosed the development in a filing dated September 13, 2026, marking a key milestone in its operational expansion plans.
Project Details
The Nashik Cluster Development Programme focuses on periurban vegetable clusters. The NHB’s in-principle approval signifies that the proposed DPRs meet the regulatory standards required for implementation under the Cluster Development Programme framework.
Regulatory Compliance
Prime Fresh made the disclosure in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2025. Hiren Ghelani, Whole Time Director, signed the intimation filed with BSE Limited.
Historical Stock Returns for Prime Fresh
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.96% | -10.52% | -6.28% | -32.97% | -38.83% | 0.0% |
What is the projected timeline for final approval and commencement of construction for the Nashik Cluster?
How will Prime Fresh finance the capital expenditure required for this periurban vegetable infrastructure expansion?
Are there plans to replicate this cluster development model in other horticultural hubs beyond Nashik?
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