News Corporate Actions Prime Fresh Limited Allots 44,715 Equity Shares Through Convertible Warrant ConversionPrime Fresh Limited Allots 44,715 Equity Shares Through Convertible Warrant Conversion
Prime Fresh Limited's Finance Committee approved the allotment of 44,715 equity shares to promoter Hiren Chandrakant Ghelani through convertible warrant conversion at Rs. 164 per share on February 24, 2026. The transaction involved total proceeds of Rs. 54,99,945 as the final 75% payment, with Rs. 18,33,315 received earlier as 25% during warrant allotment. Post-allotment, the company's issued share capital stands at Rs. 13,98,73,550 comprising 1,39,87,355 equity shares, while subscribed and paid-up capital is Rs. 13,76,10,120 divided into 1,37,61,012 equity shares.
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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 per share, including a share premium of Rs. 154 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.
| Parameter | Details |
|---|---|
| Allottee | Mr. Hiren Chandrakant Ghelani (Promoter) |
| Number of Shares | 44,715 |
| Face Value | Rs. 10 per share |
| Issue Price | Rs. 164 per share |
| Share Premium | Rs. 154 per share |
| Total Amount | Rs. 54,99,945 |
Regulatory Compliance
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.
The Finance Committee meeting commenced at 1:00 PM and concluded at 1:10 PM on February 24, 2026. Company Secretary Jasmin Doshi signed the regulatory filing, ensuring compliance with all applicable SEBI circulars and regulations.
Impact on Share Capital
Following the allotment, Prime Fresh Limited's capital structure has been updated significantly:
| Capital Type | Amount (Rs.) | Number of Shares | Par Value |
|---|---|---|---|
| Issued Share Capital | 13,98,73,550 | 1,39,87,355 | Rs. 10 each |
| Subscribed & Paid-up Capital | 13,76,10,120 | 1,37,61,012 | Rs. 10 each |
Preferential Allotment Framework
The transaction was structured as a preferential allotment under SEBI guidelines. The allottee provided an undertaking confirming no sale or transfer of shares in the 90 trading days preceding the relevant date. The convertible warrants carried a maximum conversion tenure of 18 months from the original allotment date.
The regulatory filing included comprehensive details as required under SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, ensuring full transparency and compliance with disclosure requirements.
Historical Stock Returns for Prime Fresh
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.05% | -1.05% | -5.54% | +23.43% | +108.25% | +580.74% |
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