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's board approved the issue of up to 9,60,000 convertible warrants on a preferential basis to a single investor, Mr. Hiren Chandrakant Ghelani, with conversion leading to 50,03,139 equity shares post-allotment. The company received in-principle approval from BSE for migrating from the SME platform to the mainboard, and the board further approved migration to the NSE mainboard. Mr. Gaurav Meena (DIN: 07678312) was re-appointed as Independent Director for a second five-year term effective May 1, 2025, subject to shareholder approval. The board also appointed M/s. Shah Dalal & Associates as Internal Auditor for FY 2025-26 and set April 11, 2025 as the record date for a postal ballot on these matters.
The preferential warrant issue to a single investor signals equity dilution, though kept under 5% of post-issue capital. Migration from BSE SME to NSE mainboard is a positive step that could improve visibility and liquidity for shareholders, pending regulatory and shareholder approvals.