Prime Fresh Ltd. Allots Equity Shares Following Conversion of Warrants
Prime Fresh Ltd. announced the allotment of 1,18,849 equity shares following the conversion of convertible warrants. The decision was made at a Finance Committee meeting held on March 30, 2026.Mr. Hiren Chandrakant Ghelani, a promoter, received all 1,18,849 shares. The shares are valued at Rs. 164 each, including a share premium of Rs. 154 per share. The company received a total of Rs. 1,94,91,236 for the allotment.
Previously, the company received Rs. 48,72,809 (25% of the issue price) at the time of warrant allotment and Rs. 1,46,18,427 (75% of the issue price) towards the conversion.
The issued share capital now stands at Rs. 14,10,62,040 divided into 1,41,06,204 equity shares. The subscribed and paid-up share capital is Rs. 13,87,98,610 divided into 1,38,79,861 equity shares.
Details of Allottee
| Sr. No | Name of Allottee | Category | No. of Shares |
|---|---|---|---|
| 1 | Mr. Hiren Chandrakant Ghelani | Promoter | 1,18,849 |
| Total | 1,18,849 |
Additional Details Regarding the Allotment
The warrants are convertible into an equal number of equity shares within a maximum tenure of 18 months from the date of allotment.
Mr. Jinen Ghelani (DIN: 01872929), Chairman & Managing Director & CFO, or Jasmin Doshi, Company Secretary, is authorized to file the return of allotment with the Registrar of Companies and to make a Listing Application for further listing/trading of the equity shares to the BSE Limited.
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