Investment in LLP
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Prime Fresh Limited's board has approved investing up to Rs. 50 Lakhs to acquire a 51% partnership stake in Poonaagrocart LLP, a Pune-based firm in the ready-to-eat and ready-to-heat frozen snacks business. Upon completion, Poonaagrocart LLP will become a subsidiary of Prime Fresh. The target reported a turnover of about Rs. 2.88 crore in FY24-25, up from Rs. 2.57 crore in FY23-24 and Rs. 0.98 crore in FY22-23, showing steady growth. The acquisition is a cash deal expected to close by March 31, 2026, and is not a related party transaction. The move aims to expand Prime Fresh's footprint across the food value chain into the frozen ready-to-eat segment.
The deal size is small (Rs. 50 Lakhs) and unlikely to materially move the stock, but it signals a strategic push into the growing ready-to-eat frozen food category. Shareholders have already pre-approved a broader Rs. 150 crore investment pool, giving the company room for further acquisitions in this space.