Scrutinizer''s Report on the postal Ballot
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Prime Fresh Limited (BSE: 540404) announced the results of a postal ballot on May 16, 2025, in which all three special resolutions were passed with the requisite majority. The first resolution approves migration of the company's equity shares from the BSE SME platform to the main board of NSE, with 100% votes in favour (80.44 lakh votes, 58.96% of outstanding shares polled). The second resolution approves issuance of up to 9.60 lakh fully convertible warrants on a preferential basis to the promoter, passing with 99.98% in favour and only 750 votes against (29.33% polling). The third resolution re-appoints Mr. Gaurav Meena as independent director, passing unanimously with 100% votes in favour. E-voting ran from April 16 to May 15, 2025, with 993 shareholders on record.
Shareholders have cleared the company's move from the BSE SME platform to the NSE main board, which could improve liquidity and visibility. The preferential allotment of 9.60 lakh warrants to the promoter may lead to equity dilution once converted, though promoter confidence in the company is reinforced.