Statement of Deviation & variation as on 30.06.2025
Price
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Awaiting price reaction for this filing.
Prime Fresh Limited has confirmed that there is no deviation or variation in the use of funds raised through a preferential issue for the quarter ended 30 June 2025. The company had issued 9,60,000 warrants convertible into equity shares at Rs. 164 per share on 11 June 2025, collecting Rs. 3.936 crores as the 25% upfront consideration. The entire amount of Rs. 3.936 crores has been utilized for working capital requirements, matching the originally disclosed purpose. The Audit Committee reviewed the statement on 12 August 2025 and noted that everything is in order. No monitoring agency was appointed for this issue.
This is a routine compliance disclosure with no negative signal — shareholders are assured that the Rs. 3.936 crores raised via warrants has been deployed exactly as promised. No impact on stock price is expected from this filing alone.