Prime Fresh Limited has announced key dates for an upcoming postal ballot process following a board meeting held on February 5, 2026. The company has set January 30, 2026 as the record date for determining shareholder eligibility for the postal ballot notice and e-voting process.

Board Approval and Record Date

The board of directors of Prime Fresh Limited convened on Thursday, February 5, 2026, and formally approved the notice for a postal ballot. As part of this decision, the company established January 30, 2026 (Friday) as the crucial record date that will determine which members are eligible to receive the postal ballot notice and participate in the e-voting process.

Regulatory Compliance

The announcement was made in compliance with BSE regulations, specifically under Regulation 42. Prime Fresh Limited, which trades under scrip ID 540404 on BSE Limited, submitted the formal intimation to the stock exchange located at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai.

Corporate Communication

Company Secretary Jasmin Doshi signed the official communication on behalf of Prime Fresh Limited. The document was digitally signed on February 5, 2026, at 18:01:06 +05'30', ensuring proper authentication and regulatory compliance for this corporate governance matter.

This postal ballot process represents a standard corporate governance procedure that allows shareholders to vote on company matters remotely, providing an efficient mechanism for shareholder participation in corporate decisions.

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.