Outcome of Finance Committee Meeting relating to conversion of 44,715 warrants into equal no. of shares
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Prime Fresh Limited's Finance Committee, at its meeting on 24 February 2026, approved the allotment of 44,715 equity shares to promoter Mr. Hiren Chandrakant Ghelani following the conversion of an equal number of convertible warrants. The shares were allotted at Rs. 164 each (face value Rs. 10, premium Rs. 154), aggregating to about Rs. 73.33 lakh, with the balance 75% of the issue price (Rs. 54.99 lakh) now received from the allottee. After this allotment, the allottee's total holding stands at 41,58,384 equity shares, and the company's paid-up share capital has risen to Rs. 13.76 crore divided into 1,37,61,012 equity shares of Rs. 10 each.
The conversion is by an existing promoter, which signals continued promoter commitment rather than new external dilution. The size is small relative to total share count, so impact on stock price is likely minimal.