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Awaiting price reaction for this filing.
Prime Fresh Limited has informed BSE that shareholders approved three board changes via postal ballot. Mr. Nishit Popat has been regularized as a Non-Executive Independent Director for a 5-year term effective February 5, 2026. Mr. Jinen Ghelani has been re-appointed as Managing Director for another 5 years (May 17, 2026 to May 16, 2031), and Mr. Hiren Ghelani has been re-appointed as Whole-time Director for 5 years (June 6, 2026 to June 5, 2031). The Ghelani brothers (Jinen and Hiren) are related, and Hiren is identified as a promoter of the company. Mr. Popat is a corporate law consultant with qualifications in commerce, law, and company secretaryship. None of the appointees are debarred by SEBI from holding directorship.
This is a routine board regularization and re-appointment of existing directors, including the promoter family (Ghelani brothers), which provides leadership continuity. Minimal impact on share price expected, though the addition of a young independent director with legal and finance expertise may strengthen board oversight.