Intimation of In-principle approval received from BSE Limited for Migration of the Company from SME Board of BSE Limited to the Main Board of BSE Limited
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Prime Fresh Ltd has received in-principle approval from BSE Limited to migrate its equity shares from the BSE SME Platform to the BSE Main Board. The company had applied for this migration on September 27, 2024, and the approval was granted on April 8, 2025. The approval is valid for 45 days, during which the company must complete formalities including submitting a listing application, information memorandum, listing agreement, and latest shareholding pattern. The company needs to pay Rs. 20,000 as initial listing fees plus the annual listing fee for FY 2025-26. Once migrated, full SEBI LODR regulations, including corporate governance norms, will apply to the company.
This is generally seen as a positive development signalling that Prime Fresh has met the eligibility criteria for main board listing, which may improve stock visibility, liquidity, and attract broader institutional participation, though it will also mean higher compliance and governance requirements going forward.