Allotment of 57,725 equity shares pursuant to the conversion of 57,725 convertible warrants
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Prime Fresh Limited has allotted 57,725 equity shares to promoter Mr. Hiren Chandrakant Ghelani following the conversion of an equal number of convertible warrants. The shares were issued at Rs. 164 each (face value Rs. 10 plus Rs. 154 premium), bringing in a total of Rs. 94.67 lakh from the warrant holder. The promoter had already paid 25% of the issue price (Rs. 23.67 lakh) at the time of original warrant allotment in May 2025, and has now paid the remaining 75% (Rs. 71.00 lakh). After this allotment, the promoter holds 41,13,669 equity shares, and the company's paid-up share capital stands at Rs. 13.72 crore divided into 1.37 crore equity shares. This was a preferential allotment, not a public issue.
This is a routine completion of a previously announced promoter warrant conversion, which slightly increases the share capital and promoter holding. No fresh capital is being raised from the market, so the direct impact on existing retail shareholders is minimal — share dilution is marginal.