Prime Fresh Ltd invests Rs 51 Lakh in Poonaagrocart LLP to Expand Presence in Ready-to-Eat Segment
Prime Fresh Ltd has approved a revised investment structure involving its group companies for the acquisition of a 51% partnership stake in Poonaagrocart LLP. The total collective investment amounts to Rs 51,00,000, with the move set to position Poonaagrocart LLP as an associate of Prime Fresh Limited upon completion.The investment was considered and approved by the Audit Committee of the company during a meeting held on June 30, 2026. The acquisition is intended to expand Prime Fresh Limited's presence across the food value chain and allow it to enter the Ready-to-Eat and Ready-to-Heat segment.
The investment structure details are as follows:
| Entity | Stake Acquired | Investment Amount |
|---|---|---|
| Prime Fresh Limited | 36% | Rs 36,00,000/- |
| Florens Farming Limited | 10% | Rs 10,00,000/- |
| Florens Fresh Supply Solutions Private Limited | 5% | Rs 5,00,000/- |
Poonaagrocart LLP Profile
Poonaagrocart LLP is a limited liability partnership engaged in the business of Ready-to-Heat and Ready-to-Eat frozen snacks and meals. The company was incorporated on March 13, 2021, with its registered office located in Pune, Maharashtra.The focus of this acquisition is to enter the manufacturing segment of Frozen Foods and Indian Snacks. Poonaagrocart LLP has demonstrated consistent turnover growth over the past three years:
| Financial Year | Turnover (INR) |
|---|---|
| FY 2024-25 | Rs 2,87,87,800 |
| FY 2023-24 | Rs 2,56,60,614 |
| FY 2022-23 | Rs 97,68,312 |
Other key details regarding the LLP include: Partner's Capital Account of Rs 15,00,000 and a Partner's Current Account balance of Rs 28,61,800.
The acquisition process involves a cash consideration and is targeted for completion on or before March 31, 2027.
Stock Price Movement
As of 13:38, Prime Fresh Ltd's shares are edging higher by 1.26%, currently trading at ₹217.70.The stock has seen activity throughout the day, moving within a range established between a low of ₹214.95 and an intraday high of ₹217.90.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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