Prime Fresh Limited has announced a strategic land acquisition to expand its operations in the fruits and vegetables supply chain sector. The company executed a sale deed for the purchase of 6 acres of land in Maharashtra's Nashik district for ₹1.33 crores.

Land Acquisition Details

The acquired land is strategically located in Shrirampurvillage, Sinanr Taluka, Nashik District, Maharashtra. Prime Fresh Limited completed the transaction for a total consideration of ₹1,32,70,500, which includes all associated expenses.

Transaction Parties

The land acquisition involved five individual sellers who executed the sale deed with Prime Fresh Limited:

• Mr. Subhash Shankarlal Bhutada
• Mr. Balasaheb Savitra Shinde
• Mrs. Sarla Kanhaiyalal Bhutada
• Mr. Kanhaiyalal Laxminarayan Bhutada
• Mr. Sopan Machindr Waykar

Strategic Purpose

The company stated that this land acquisition is part of its strategy to expand its national and global operations in the fruits and vegetables supply chain ecosystem. This expansion aligns with Prime Fresh Limited's focus on strengthening its position in the agricultural supply chain sector.

Regulatory Compliance

The transaction has been disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the sellers do not belong to the promoter, promoter group, or group companies, ensuring the transaction maintains arm's length principles.

This acquisition represents Prime Fresh Limited's continued commitment to expanding its operational footprint in the agricultural supply chain sector, positioning the company for enhanced service delivery in the fruits and vegetables market.

Prime Fresh Limited has announced that its Board of Directors formally acknowledged the resignation of Independent Director Mr. Shekhar Mennon (DIN: 02262964) through a circular resolution dated December 13, 2025. The resignation was submitted with immediate effect on December 12, 2025, due to his other pre-occupations, marking the end of his tenure that began in 2021.

Board Resolution and Regulatory Compliance

The company filed the necessary disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board took formal note of the resignation letter received from Mr. Mennon via letter and email dated December 12, 2025.

Audit Committee Reconstitution

Following Mr. Mennon's resignation from the Audit Committee, Prime Fresh Limited has reconstituted the committee with effect from December 13, 2025. The new composition ensures continued governance oversight and regulatory compliance.

Other Directorships

Mr. Shekhar Mennon continues to hold directorships in other listed entities, demonstrating his experience in corporate governance. He serves as Non-Executive Independent Director at Baba Arts Limited, where he is a member of the Audit Committee and Nomination & Remuneration Committee, and Chairperson of the Stakeholders Relationship Committee. At Rose Merc Limited, he holds similar positions as Non-Executive Independent Director and serves as Chairperson of both the Audit Committee and Stakeholders Relationship Committee.

Corporate Governance Impact

The resignation letter confirmed that there are no material reasons for Mr. Mennon's departure other than his pre-occupations mentioned in the resignation communication. Prime Fresh Limited has maintained full regulatory compliance throughout the transition process, ensuring transparent disclosure to stakeholders and the stock exchange.