Intimation of Petition served to the Company by one ex-shareholder
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Prime Fresh Ltd has informed BSE that an ex-shareholder has filed a petition against the company under Section 59 of the Companies Act, 2013. The petition seeks rectification of the register of members in relation to partly paid-up shares that were forfeited by the company in 2015, prior to the company's listing on the stock exchange in March 2017. The company has stated that this matter has already been addressed and replied to at all forums previously. Prime Fresh has said it will take all necessary steps to defend itself and its directors in this case.
This is a pre-listing legal matter (from 2015) being revived by an ex-shareholder. No financial or operational impact is indicated, and the company appears confident in its position. Shareholders should monitor the outcome but no immediate action is warranted.