Allotment of 1,18,849 Equity shares upon conversion of Warrants
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Prime Fresh Limited has allotted 1,18,849 equity shares to promoter Mr. Hiren Chandrakant Ghelani following the conversion of convertible warrants at Rs. 164 per share (face value Rs. 10 + premium of Rs. 154), aggregating to Rs. 1.95 crore. The promoter had paid 25% upfront (Rs. 48.73 lakh) at the time of original warrant allotment in May 2025, and has now paid the remaining 75% (Rs. 1.46 crore) to exercise the conversion. This is part of a preferential allotment of 9,60,000 convertible warrants approved via postal ballot on 15 May 2025. After this allotment, the company's paid-up share capital stands at Rs. 13.88 crore divided into 1,38,79,861 equity shares.
The conversion strengthens the promoter's equity stake in the company, bringing in an additional Rs. 1.46 crore into the business from the promoter group. While mildly dilutive for non-promoter shareholders, it signals continued promoter confidence and commitment to the company.