Prime Fresh Limited , a leading agri-supply-chain and fresh-produce distribution company in India, has reported impressive financial results for the second quarter of fiscal year 2026. The company's focus on procurement efficiency, expansion of institutional supply partnerships, and strengthening of cold-chain capabilities has resulted in robust growth across key metrics.

Financial Highlights

Prime Fresh Limited achieved its highest-ever quarterly revenue in Q2 FY26, with significant year-over-year improvements across various financial parameters:

The company's performance for the first half of FY26 (H1 FY26) also showed strong growth:

Operational Highlights

Prime Fresh Limited has made significant strides in expanding its operations and improving its supply chain capabilities:

1. Initiated a major expansion with an integrated vegetable cluster in Nashik to strengthen sourcing and backward integration.
2. Received preliminary approval for advanced horticulture cluster projects submitted to the National Horticulture Board.
3. Enhanced farmer support, mechanization, and expanded aggregation, processing, and cold-chain infrastructure.
4. Improved cold-chain routing, packhouse utilization, and digital traceability across procurement hubs.
5. Strengthened export readiness with increased focus on high-value crops such as grapes, pomegranates, and baby corn.

Management Commentary

Mr. Hiren Ghelani, Founder and Whole Time Director of Prime Fresh Limited, commented on the results, stating that the company's performance for Q2 FY26 was marked by consistent operational execution and continued progress on strategic initiatives. He highlighted the company's focus on strengthening backward integration and improving supply-chain precision, which yielded positive results despite unfavorable climatic challenges.

Mr. Ghelani also noted the substantial progress made in advancing the company's long-term growth roadmap, including the development of the Peri-Urban Vegetable Cluster in Nashik. These initiatives are expected to significantly enhance the company's sourcing depth, farmer coverage, processing capabilities, and value-added offerings in the coming years.

Future Outlook

Looking ahead, Prime Fresh Limited expects growth to be driven by stronger performance in key fruit and vegetable categories, improved seasonal availability, and expanding institutional and export demand. However, the company acknowledges the challenging climatic environment that may impact its long-term growth rate during H2 of FY2026. To counter these challenges, Prime Fresh is expanding into new geographies, products, and sales partnerships.

With its well-integrated supply-chain model, strengthened distribution footprint, and clear execution roadmap, Prime Fresh Limited remains well-positioned to deliver sustainable growth through the remainder of FY26 and into FY27.

About Prime Fresh Limited

Established in 2007 and headquartered in Ahmedabad, Prime Fresh Limited is a fully integrated Agri Value Chain company specializing in post-harvest supply chain management of fruits and vegetables. The company has built a strong reputation in domestic markets by focusing on end-to-end post-harvest supply chain solutions and serves some of India's largest national retailers.

Prime Fresh Limited's network extends to more than 120,000 farmers across 18 states, with sourcing operations in 85 districts across Maharashtra, Gujarat, Rajasthan, Uttar Pradesh, Himachal Pradesh, and Kashmir. The company's annual sourcing capacity exceeds 200,000 tonnes, and it handles over 450 tonnes of fresh fruits and vegetables daily from 16+ locations.

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:

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.