Prime Fresh Limited has successfully completed the allotment of 57,725 equity shares through the conversion of convertible warrants, marking a significant capital structure development for the company. The Finance Committee approved this allotment on February 2, 2026, following the receipt of requisite payments from the allottee.

Warrant Conversion Details

The conversion process involved Mr. Hiren Chandrakant Ghelani, a promoter of the company, who converted his entire holding of 57,725 convertible warrants into equity shares. The company had initially received 25% of the issue price amounting to ₹23.67 lakh at the time of warrant allotment and subsequently received the balance 75% payment of ₹71.00 lakh for the conversion.

Regulatory Compliance and Approvals

The allotment was conducted pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirement) 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 preferential allotment process.

The Finance Committee meeting was held on February 2, 2026, commencing at 14:00 PM and concluding at 14:15 PM. The allottee provided an undertaking confirming no sale or transfer of shares in the 90 trading days preceding the relevant date, ensuring compliance with regulatory requirements.

Impact on Share Capital Structure

Following this allotment, Prime Fresh Limited's capital structure has been significantly enhanced. The issued share capital after allotment stands at ₹139.43 crore, divided into 1,39,42,640 equity shares of ₹10 each.

Warrant Conversion Timeline

The convertible warrants carried a maximum tenure of 18 months from the date of allotment, with the conversion deadline set for December 10, 2026. This conversion represents the exercise of warrants within the stipulated timeframe, demonstrating the promoter's confidence in the company's prospects.

The successful completion of this warrant conversion strengthens Prime Fresh Limited's equity base while maintaining promoter participation in the company's growth trajectory. The transaction was executed as a preferential allotment, involving a single investor and completed in accordance with all applicable SEBI regulations and stock exchange requirements.

Prime Fresh Limited has incorporated a new wholly owned subsidiary, Prime Fresh CDP Private Limited, as announced through a regulatory filing under Regulation 30 of SEBI LODR Regulations on January 14, 2026. This strategic move expands the company's operational structure in the agriculture and food processing sector.

Subsidiary Details and Capital Structure

The newly incorporated subsidiary has been established with specific capital parameters and operational focus areas:

Business Operations and Industry Focus

Prime Fresh CDP Private Limited will operate across multiple segments within the agriculture and food industry. The subsidiary's business activities will encompass:

• Agriculture supply chain management
• Food processing operations
• Food preservation services
• Farming activities
• Export operations and related activities

These operations align with Prime Fresh Limited's existing business model and strengthen its presence in the agriculture supply chain sector.

Regulatory Compliance and Structure

The incorporation follows proper regulatory procedures under SEBI guidelines. As disclosed in the filing, the initial subscription by Prime Fresh Limited does not fall within related party transactions, given the direct wholly owned subsidiary structure. The company confirmed that no governmental or regulatory approvals were required for this incorporation.

Company Secretary Jasmin Doshi signed the regulatory disclosure, ensuring compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. This incorporation represents a continuation of the company's earlier communication dated November 11, 2025, indicating planned expansion activities.

Strategic Implications

The establishment of Prime Fresh CDP Private Limited as a wholly owned subsidiary provides Prime Fresh Limited with enhanced operational flexibility in the agriculture supply chain sector. The subsidiary structure allows for focused management of specific business segments while maintaining complete control under the parent company's umbrella.