Prime Fresh Limited has completed the allotment of 44,715 equity shares through the conversion of convertible warrants, as approved by its Finance Committee on February 24, 2026. The allotment was made to promoter Mr. Hiren Chandrakant Ghelani at Rs. 164.00 per share, including a share premium of Rs. 154.00 each.

Warrant Conversion Details

The conversion process involved a two-stage payment structure. The company had initially received 25% of the issue price amounting to Rs. 18,33,315 at the time of warrant allotment. Subsequently, Mr. Ghelani paid the remaining 75% of Rs. 54,99,945 to complete the warrant conversion into equity shares.

SEBI Disclosure and Regulatory Compliance

Following the allotment, Mr. Ghelani filed the mandatory disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 with BSE Limited on February 25, 2026. The disclosure was submitted from his Mumbai address to BSE's Phiroze JeeJeebhoy Tower office.

The allotment was conducted pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company had received in-principle approval from BSE Limited on May 27, 2025, for this transaction.

Shareholding Pattern Changes

The SEBI disclosure reveals significant changes in Mr. Ghelani's shareholding structure following the warrant conversion:

Updated Capital Structure

Following the allotment, Prime Fresh Limited's capital structure has been updated:

The transaction was structured as a preferential allotment under SEBI guidelines, with the allottee confirming compliance with all regulatory requirements including the 90-day trading restriction preceding the relevant date. The convertible warrants carried a maximum conversion tenure of 18 months from the original allotment date.

Prime Fresh Limited has successfully obtained trading approval from BSE Limited for 57,725 equity shares issued through warrant conversion. The trading approval, granted on February 20, 2026, allows trading members to commence trading in these securities effective from Monday, February 23, 2026.

Share Allotment and Trading Details

The approved equity shares were allotted to Mr. Hiren Ghalani on February 2, 2026, following the conversion of 57,725 convertible warrants. BSE had previously granted listing approval on February 14, 2026, paving the way for the subsequent trading approval.

Regulatory Compliance and Documentation

The company fulfilled all mandatory compliance requirements under SEBI regulations for obtaining trading approval. Prime Fresh submitted the necessary documentation including confirmation letters and coordinated with depository participants to ensure complete regulatory adherence. The approval process followed Schedule XIX of ICDR Regulations and SEBI circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023.

Trading Commencement Timeline

BSE issued Notice No. 20260220-21 dated February 20, 2026, to inform trading members about the approval. The exchange confirmed that effective from Monday, February 23, 2026, trading members are authorized to trade in the above-mentioned equity shares of Prime Fresh Limited. This development completes the regulatory process that began with the initial listing approval granted on February 14, 2026.

Corporate Communication

Prime Fresh Limited, through Company Secretary Jasmin Doshi, formally acknowledged receipt of the trading approval from BSE Limited. The company expressed gratitude for the exchange's cooperation and confirmed compliance with all specified conditions. The communication was digitally signed and submitted with requisite enclosures including copies of BSE's approval letter and official notice.