Newspaper Publication of Postal Ballot Notice
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Prime Fresh Limited has informed BSE about the newspaper publication of its Postal Ballot Notice in Business Standard (English) and Jai Hind Ahmedabad (Gujarati) on 16 April 2025, in compliance with SEBI Listing Regulations. The Postal Ballot, dispatched on 15 April 2025, seeks shareholder approval via e-voting (16 April to 15 May 2025) for three key items: (1) migration of the company's equity shares from BSE's SME platform to the Main Board of NSE, (2) issuance of up to 9,60,000 fully convertible warrants on a preferential basis to the promoter, and (3) re-appointment of Mr. Gaurav Meena (DIN: 07678312) as an Independent Director. The cut-off date for eligibility was 11 April 2025, and results will be announced on or before 17 May 2025. Mr. Umesh Ved has been appointed as scrutinizer.
If approved, shareholders could see the stock migrate from BSE's SME platform to NSE's Main Board, which may improve liquidity and visibility. The preferential warrant issue to the promoter signals potential equity dilution and promoter commitment. These corporate actions will only become effective upon shareholder approval via the ongoing postal ballot process.