Outcome of Finance Committee Meeting for conversion of 118849 warrants into equal no of equity shares
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Prime Fresh Limited has allotted 1,18,849 equity shares to its promoter Mr. Hiren Chandrakant Ghelani after he exercised his convertible warrants. The shares were issued at Rs. 164 each (face value Rs. 10 + premium Rs. 154), bringing in about Rs. 1.95 crore in total, of which the 75% balance (Rs. 1.46 crore) was received now while the 25% upfront (Rs. 48.7 lakh) was paid earlier. Originally, 9,60,000 warrants were issued to the promoter on a preferential basis at Rs. 164 per warrant in May 2025, and this is the first tranche of conversions. After this allotment, the promoter's holding in the company stands at 42,77,933 equity shares, and the company's total paid-up share capital rises to about Rs. 13.88 crore divided into 1,38,79,861 shares.
This is a promoter-driven equity infusion with no new outside investor, so existing shareholders see mild dilution but also stronger promoter skin-in-the-game. The stock may see a minor technical impact from the increase in share base, but the conversion price of Rs. 164 acts as a reference for valuation.