Business Update on Acquisition of Land
Price
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Awaiting price reaction for this filing.
Prime Fresh Limited has purchased 6 acres of land in Nashik District, Maharashtra (Shrirampur village, Sinanr Taluka) for a total consideration of Rs. 1,32,70,500 (~Rs. 1.33 crore) including all expenses. The land will be used to expand the company's National and Global Operations in the Fruits & Vegetables (F&V) supply chain ecosystem. The sellers are five individuals, none related to the company's promoter group or group companies. The transaction is not a related party transaction and was executed on December 13, 2025.
This acquisition signals Prime Fresh's intent to scale its F&V supply chain infrastructure, which could support future revenue growth. Since the land cost is around Rs. 1.33 crore, the immediate financial impact on shareholders is limited, but it represents a strategic step toward operational expansion.