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 Limited has issued a Postal Ballot Notice to shareholders for three special resolutions to be voted on via e-voting from February 8, 2026 to March 9, 2026. The items include: (1) regularization of Mr. Nishit Popat (DIN: 09279612) as Non-Executive Independent Director for 5 years (Feb 5, 2026 to Feb 4, 2031), (2) re-appointment of Mr. Jinen Ghelani (DIN: 01872929) as Managing Director for another 5-year term (May 17, 2026 to May 16, 2031) with basic salary not exceeding Rs. 48 lakh per annum and total remuneration capped at Rs. 1 crore per annum, and (3) re-appointment of Mr. Hiren Ghelani (DIN: 02212587) as Whole-time Director for 5 years (June 6, 2026 to June 5, 2031). The company reported revenue of Rs. 195.80 crore and profit after tax of Rs. 8.86 crore for FY 2024-25, with EPS of Rs. 6.49. Results will be declared on or before March 11, 2026.
This is a routine governance postal ballot covering key board positions, including the re-appointment of the promoter-led Managing Director and Whole-time Director for fresh 5-year terms. Shareholders should review the remuneration terms (especially the proposed increase for Mr. Jinen Ghelani from Rs. 15.2 lakh currently to a cap of Rs. 1 crore per annum) and vote before the March 9, 2026 deadline. The outcome is unlikely to materially affect stock price as these are standard governance resolutions.