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.

Prime Fresh Limited has successfully completed the allotment of 57,725 equity shares through the conversion of convertible warrants, with promoter Mr. Hiren Chandrakant Ghelani filing the required regulatory disclosure under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

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 Finance Committee approved this allotment on February 2, 2026, following the receipt of requisite payments from the allottee.

Regulatory Disclosure and Compliance

Following the allotment, Mr. Hiren Chandrakant Ghelani submitted the mandatory disclosure to BSE Limited on February 3, 2026, under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure provides detailed information about his shareholding pattern before and after the warrant conversion.

Impact on Share Capital Structure

Following this allotment, Prime Fresh Limited's capital structure has been enhanced. The equity share capital after the conversion stands at ₹13,71,62,970, divided into 1,37,16,297 equity shares of ₹10 each, compared to the pre-conversion capital of ₹13,65,85,720 divided into 1,36,58,572 equity shares.

Transaction Execution

The warrant conversion was executed through preferential allotment mode, with the allotment date recorded as February 2, 2026. 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.

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 demonstrates compliance with all applicable SEBI regulations and stock exchange requirements, with proper disclosure mechanisms followed as mandated by regulatory frameworks.