Prime Fresh Limited has received listing approval from BSE for 44,715 equity shares issued to promoters on a preferential basis pursuant to warrant conversion. The development was communicated to the stock exchange on March 11, 2026, in compliance with regulatory requirements.

Share Issue Details

The approved equity shares carry the following specifications:

Regulatory Compliance

Prime Fresh Limited submitted the intimation under Regulation 28, 30 read with Schedule III of the SEBI (LODR) Regulations, 2015. The company's Managing Director Jinen Ghelani signed the compliance document, confirming receipt of the listing approval letter from BSE.

Trading Approval Requirements

BSE has outlined specific conditions that must be fulfilled before trading approval is granted for the newly issued shares:

• Listing approval from National Stock Exchange of India Ltd. (if applicable)
• Confirmation letters from NSDL/CDSL regarding crediting shares to beneficiary accounts
• Confirmation about admitting the capital to the depository system
• Lock-in confirmation for pre-preferential holding (if applicable)

Additional Compliance Obligations

The exchange has emphasized several regulatory requirements that Prime Fresh Limited must observe:

• Compliance with Regulation 167 of SEBI (ICDR) Regulations
• Filing shareholding pattern in XBRL mode if changes exceed two percent of total paid-up share capital
• Application for trading approval within seven working days from listing approval date
• Adherence to requirements specified in SEBI circular dated June 21, 2023

The company must ensure all documentation is filed together to complete the listing process and enable trading of the preferentially issued equity shares.

Prime Fresh Limited has officially announced the results of its postal ballot process, with shareholders unanimously approving all three special resolutions related to key director appointments. The company filed the voting results with BSE Limited under Regulations 30 and 44 of SEBI (LODR) Regulations, 2015, marking a significant milestone in corporate governance.

Regulatory Compliance and Process Overview

The remote e-voting process was conducted from February 08, 2026, at 09:00 AM IST to March 09, 2026, at 05:00 PM IST. The company appointed Mr. Umesh Ved, Practicing Company Secretary (CP. No.: 2924), as the Scrutinizer for the remote e-voting process. Shareholders holding shares as on the cut-off date of January 30, 2026, were eligible to participate in the voting process.

Approved Special Resolutions with Appointment Details

All three special resolutions received unanimous approval from participating shareholders with specific appointment terms:

Resolution 1: Regularization of Mr. Nishit Popat (DIN: 09279612) as Non-Executive Independent Director with effect from February 5, 2026, for a term of five consecutive years.

Resolution 2: Re-appointment of Mr. Jinen Ghelani (DIN: 01872929) as Managing Director for a term from May 17, 2026, to May 16, 2031.

Resolution 3: Re-appointment of Mr. Hiren Ghelani (DIN: 02212587) as Whole-Time Director for a term from June 6, 2026, to June 5, 2031.

Comprehensive Voting Results

The postal ballot achieved significant shareholder participation with consistent voting patterns across all resolutions:

Director Profiles and Qualifications

Mr. Nishit Popat brings extensive corporate law expertise with qualifications including B.Com, M.Com, LL.B, LLM (Gold Medalist), MBA in Financial Management, and CS (Professional). He operates as a corporate law consultant specializing in Companies Act, Labor Law, SEBI Laws, and serves as Chief Operating Officer and Finance Manager of a main board listed company.

Mr. Jinen Ghelani contributes over 28 years of experience in fruits & vegetable supply chain, 3PL solutions, retail and FMCG industries. He focuses on procurement, operations, sales, and building stronger farmer networks across India. He is the brother of Whole-Time Director Hiren Ghelani.

Mr. Hiren Ghelani, aged 46 years, holds a Bachelor's Degree in Business Administration from Saurashtra University and Masters of Commerce from Mumbai University. With 23+ years of experience in capital markets, networking, and resource allocation, he formulates strategies to enhance shareholder value.

Corporate Governance Enhancement

The successful completion of the postal ballot process strengthens Prime Fresh Limited's leadership structure. Mr. Umesh Ved confirmed that all resolutions were passed with the requisite majority, with 34 shareholders participating comprising 9 promoter members and 25 non-promoter members. The company secretary Jasmin Doshi digitally signed the regulatory filing, ensuring compliance with SEBI Master Circular requirements dated January 30, 2026.