Outcome of the Finance Committee meeting for allotment of 12,805 shares pursuant to the conversion of convertible warrants
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Prime Fresh Limited has allotted 12,805 equity shares to promoter Mr. Hiren Chandrakant Ghelani upon conversion of convertible warrants at Rs. 164 per share (face value Rs. 10, premium Rs. 154), aggregating Rs. 21,00,020. The promoter had earlier paid 25% of the issue price (Rs. 5,25,005) at the time of warrant allotment and has now paid the balance 75% (Rs. 15,75,015). This is part of a preferential allotment that received BSE in-principle approval on May 27, 2025. Post-allotment, the company's paid-up share capital stands at Rs. 13,65,85,720 divided into 1,36,58,572 equity shares of Rs. 10 each.
This is a routine promoter warrant-to-equity conversion that increases share count by a negligible ~0.09%. Since the allotteee is an existing promoter and the capital was already committed upfront, there is no fresh fundraising dilution concern for existing shareholders.