The Company had invested an amount of Rs. 84,00,000 in the subsidiary Company towards partly paid shares (7,00,000*12)
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Prime Fresh Limited has invested an additional Rs. 84,00,000 in its subsidiary Florens Farming Private Limited by paying the remaining Rs. 12 per share on 7,00,000 partly paid-up equity shares originally allotted on 19 December 2025. Along with the Rs. 14,00,000 paid at allotment (Rs. 2 per share), the total commitment is Rs. 98 lakh at Rs. 14 per share for shares with a Rs. 10 face value. Florens Farming is engaged in farming, agriculture and horticulture activities, with turnover rising from Rs. 8.98 crore in FY23 to Rs. 13.50 crore in FY24 and Rs. 21.64 crore in FY25. The transaction is a related party deal at arm's length and is meant to fund the subsidiary's business development and expansion.
This is a routine capital top-up into an existing subsidiary rather than a new acquisition, so direct impact on Prime Fresh's stock is limited. The strong revenue growth at the subsidiary level (over 60% year-on-year in FY25) is mildly positive, suggesting management is backing an expanding agriculture business.