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.

Prime Fresh Limited delivered exceptional financial performance in Q3FY26, achieving multiple record milestones including highest ever quarterly sales, volume, EBITDA, and PAT. The company announced these robust results under Regulation 30, demonstrating strong operational efficiency and strategic execution.

Record-Breaking Q3FY26 Performance

Prime Fresh achieved unprecedented quarterly performance across all key metrics, reflecting the strength of its integrated agriculture value chain business model.

Consolidated Financial Results

The consolidated financial performance for Q3FY26 showcased remarkable growth momentum with significant improvements in revenue, profitability, and operational efficiency.

Nine-Month Performance Highlights

For the nine-month period of FY26, Prime Fresh maintained consistent growth trajectory with strong year-on-year improvements across all financial parameters.

Strategic Business Operations

Prime Fresh operates as a fully integrated agriculture value chain company with two main business verticals. The Fruits & Vegetables supply chain business offers end-to-end post-harvest management services, sourcing from over 120,000 farmers across 85 districts in Maharashtra, Gujarat, Rajasthan, Uttar Pradesh, Himachal Pradesh, and Kashmir. The Services business provides comprehensive 3PL services including warehousing, handling, packing, cold storage management, and facility management with operational capacity exceeding 600,000 tonnes per annum across 19+ locations.

Management Commentary

Mr. Hiren Ghelani, Founder and Whole Time Director, highlighted the exceptional quarter performance, stating that Q3FY26 was marked by consistent operational execution and steady progress across strategic initiatives. He emphasized the company's continued focus on strengthening backward integration, enhancing supply-chain precision, and building partnerships for sustainable growth. The management remains committed to investing in automation, technology, team building, and geographical expansion to position the company for its next growth phase by FY28.

Corporate Governance Developments

The company strengthened its leadership structure with key board appointments including Mr. Nishit Popat as Independent Director for a five-year term and re-appointments of Mr. Jinen Ghalani as Managing Director and Mr. Hiren Ghalani as Whole-time Director, subject to shareholder approval. Prime Fresh successfully migrated from BSE's SME Board to the Main Board, reflecting enhanced corporate governance standards and broader market access.