BSEPrime Fresh LtdMediumNeutral
Announced Mon, 9 Mar · 19:48 IST

Outcome of Postal ballot

Management Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Prime Fresh Limited announced the results of its postal ballot conducted via remote e-voting between February 8 and March 9, 2026. Three special resolutions were passed with unanimous (100%) approval: (1) regularization of Mr. Nishit Popat as Non-Executive Independent Director, (2) re-appointment of Mr. Jinen Ghelani as Managing Director, and (3) re-appointment of Mr. Hiren Ghelani as Whole-Time Director. Out of 1,406 shareholders on record, 34 members participated in voting, casting 8,178,697 shares representing 59.88% of total outstanding shares. The promoter and promoter group (99.87% participation) contributed 83.28% of votes, while public non-institutions (20.37% participation) contributed 16.72%. No votes were cast against any resolution and no shareholder abstained.

Likely market impact

All resolutions passed with 100% support, confirming smooth continuation of the promoter-led leadership with the Ghelani brothers re-appointed and a new independent director regularized. For retail investors, this is a routine governance clearance with no dissent, reflecting stable board continuity at this small-cap company.