Prime Fresh Ltd — Updates, 29-05-2025: Company Update

Prime Fresh Limited has announced a revised in-principle approval for issuing 9.6 lakh warrants convertible into equity shares at Rs. 164 each to promoters on a preferential basis, correcting the earlier stated price of Rs. 162.50. The company must strengthen internal controls to monitor allottee trading activity, ensuring no intra-day trading or sales occur before allotment. Listing application and post-issue formalities must be promptly completed. This approval enables Prime Fresh to raise capital from promoters, supporting potential expansion or operational needs, while emphasizing compliance and trade monitoring to protect shareholder interests.