Prime Fresh Limited Secures Trading Approval for 12,805 Equity Shares from Warrant Conversion

Prime Fresh Limited , a company known for its fresh food delivery services, has received trading approval from BSE Limited for 12,805 equity shares. These shares were allotted to Mr. Hiren Ghelani upon conversion of convertible warrants on September 11, 2025.

Trading Details

The BSE Limited has granted permission for trading in these equity shares effective from November 17, 2025. The shares were issued at a face value of Rs. 10.00 each, with a premium of Rs. 154.00, bringing the total issue price to Rs. 164.00 per share.

Warrant Conversion and Capital Raise

This allotment is part of a larger preferential issue of 9,60,000 warrants convertible into an equal number of equity shares. The company received shareholder approval for this issue through a Postal Ballot process on May 15, 2025, with BSE approval following on May 27, 2025.

On June 11, 2025, Prime Fresh Limited's Finance Committee allotted 9,60,000 warrants to eligible investors, who paid 25% of the warrant price upfront. Of these, the holders of 12,805 warrants have now fully paid the amounts and exercised their conversion option.

Financial Impact

The company raised Rs. 15,75,015.00 through this conversion, calculated as follows:

Description	Amount
Number of shares	12,805
Price per share (75% of Rs. 164.00)	Rs. 123.00
Total amount raised	Rs. 15,75,015.00

This capital raise is expected to strengthen Prime Fresh Limited's financial position and support its growth initiatives.

Regulatory Compliance

Prime Fresh Limited has confirmed that all necessary regulatory approvals for this share issuance have been obtained. The company's Audit Committee has reviewed the process and stated that everything is in order.

Company Background

Prime Fresh Limited recently migrated from the SME Board to the Main Board of BSE Limited on June 6, 2025. The company operates in the fresh food delivery sector and has been expanding its presence in the market.

Investors and market participants can now trade these newly listed shares, potentially increasing the liquidity of Prime Fresh Limited's stock in the market.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.42%	-5.52%	-17.38%	+23.07%	-4.66%	+448.95%

Prime Fresh Limited (PFL), a leading player in the food processing industry, has announced its unaudited financial results for the quarter and half-year ended September 30, 2025, along with several strategic decisions aimed at expanding its market presence.

Financial Performance

For the quarter ended September 30, 2025, Prime Fresh Limited reported:

Metric	Q2 2025 (₹ in Lakhs)	Q2 2024 (₹ in Lakhs)	YoY Change
Revenue from Operations	5,556.71	4,929.26	+12.7%
Net Profit	267.78	208.64	+28.3%

The company's consolidated performance for the same quarter showed:

Metric	Q2 2025 (₹ in Lakhs)	Q2 2024 (₹ in Lakhs)	YoY Change
Revenue from Operations	6,640.42	4,898.99	+35.5%
Net Profit	311.96	276.44	+12.8%

These results indicate robust growth in both standalone and consolidated operations, with significant improvements in revenue and profitability.

Strategic Expansion Initiatives

The board of directors has approved several key initiatives to fuel the company's growth:

New Subsidiary Formation: PFL plans to establish a new wholly-owned subsidiary named Prime Fresh CDP Private Limited. This entity will focus on agriculture supply chain, food processing, preservation, farming, exports, and related activities.
Investment in Poonaagrocart LLP: The company has approved an investment of up to ₹50 lakhs for a 51% partnership stake in Poonaagrocart LLP. This strategic move aims to expand PFL's presence in the Ready-to-Heat and Ready-to-Eat frozen snacks and meals segment.
Withdrawal of Previous Plans: The board has decided to withdraw its earlier plans for incorporating subsidiaries named Prime Fresh Pune CDP Private Limited and Prime Fresh Nasik CDP Private Limited.

Regulatory Compliance and Corporate Governance

Prime Fresh Limited has received an administrative warning letter from the Securities and Exchange Board of India (SEBI). In response, the board has directed the Compliance Officer to strengthen the internal monitoring mechanism for regulatory disclosures, ensuring accurate and timely future disclosures.

Capital Raising and Equity Changes

The company has successfully raised funds through a preferential issue:

9,60,000 warrants were issued, convertible into an equal number of equity shares.
12,805 warrants have been converted into fully paid-up shares.
The total amount raised from this conversion is ₹15,75,015.

Market Presence and Future Outlook

With these strategic moves, Prime Fresh Limited is positioning itself for growth in the food processing sector. The investment in Poonaagrocart LLP, which offers a portfolio of over 50 quality products, is expected to strengthen PFL's market position in the frozen food segment.

Jinen Ghelani, Managing Director & CFO of Prime Fresh Limited, stated, "Our strong financial performance and strategic initiatives reflect our commitment to growth and expansion in the food processing industry. We are confident that these moves will enhance our market presence and create long-term value for our stakeholders."

As Prime Fresh Limited continues to execute its growth strategy, investors and industry observers will be watching closely to see how these initiatives translate into market performance and financial results in the coming quarters.