The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hiren Ghelani
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Promoter Hiren Chandrakant Ghelani has been allotted 57,725 equity shares (0.42% of paid-up capital) by Prime Fresh Limited's Finance Committee on 02.02.2026, pursuant to the conversion of warrants held by him into equity shares (preferential allotment). After this conversion, his direct equity holding rose from 40,55,944 shares (29.70%) to 41,13,669 shares (29.99%), while his outstanding warrants reduced correspondingly from 9,47,195 to 8,89,470. His total combined holding (equity + warrants) remains unchanged at 50,03,139 shares (36.47% of post-allotment capital). The move increases his effective voting stake marginally but reflects a pre-committed warrant conversion rather than a fresh market purchase.
This is a routine warrant-to-equity conversion by an existing promoter; there is no new capital infusion or change in ultimate voting control (total holding unchanged at ~36.5%), so the impact on shareholders is neutral. However, it does marginally increase promoter's direct equity stake to nearly 30%, slightly improving his direct voting power.