Incorporation of Wholly Owned Subsidiary
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Awaiting price reaction for this filing.
Prime Fresh Limited's Board, at its meeting on November 14, 2025, approved the incorporation of a new wholly owned subsidiary named 'Prime Fresh CDP Private Limited' (or such other name approved by the Registrar). The new entity will operate in agriculture supply chain, food processing, food preservation, farming, and exports. It will have a proposed authorised capital of Rs. 1 Crore and an initial subscribed and paid-up capital of Rs. 25 Lakh, fully funded by Prime Fresh via cash. Prime Fresh will hold 100% of the new subsidiary, and the initial subscription does not constitute a related party transaction. The entity is yet to be incorporated and no regulatory or governmental approvals are required.
This is a modest, internally-funded strategic expansion (Rs. 25 Lakh initial outlay) into adjacent food and agri-business segments, unlikely to materially move the stock but signalling the company's intent to vertically extend into supply chain and food processing.