Prime Fresh Ltd

NHB grant agreement for Nashik CDP

• Signed grant agreement with National Horticulture Board for Nashik Cluster Development Programme.
• Nashik Peri-urban Vegetable Cluster Project is the scope of the grant.
• Award follows in-principle NHB approval and submission of two Detailed Project Reports.

Meeting Details

Nashik CDP in-principle approval

• NHB has granted in-principle approval for the Nashik Cluster Development Programme.
• Prime Fresh previously submitted two Detailed Project Reports and business plans for the CDP.
• Disclosure is made in compliance with SEBI LODR Regulations 2015.
• Effective as of 13 September 2026, NHB approved Nashik CDP in-principle.

• Meeting details not provided in the excerpt.

Acquisition details

• Target: Florens Fresh Supply Solutions Private Limited, associate of Prime Fresh, engaged in agri-food trading in India.
• Turnover as on 31.03.2026: Rs 3635.72 Lakhs.
• Related party transaction; acquisition at arm's length via equity subscription.
• Industry: Agriculture.
• Purpose: finance development and expansion of business.
• Regulatory approvals: NA.
• Timeline: Allotment completed on 27.08.2026.
• Consideration: cash; 1,500,000 equity shares at Rs 20.75 each.
• Cost of acquisition: Rs 31.125 million (Rs 311.25 Lakhs).
• Shares acquired: 1,500,000 equity shares.
• Percentage of shareholding acquired: not disclosed.

Target background

• Incorporated on 02.05.2018 in India; agri-food trading, processing and distribution.
• Products: fresh, frozen and processed fruits, vegetables, and related food products.
• Turnover FY2023-24: Rs 1391.39 Lakhs.
• Turnover FY2024-25: Rs 1870.35 Lakhs.
• Turnover FY2025-26: Rs 3635.72 Lakhs.
• Presence: India; online, offline, and B2B/B2C platforms.

Meeting Details

• Date: August 18, 2026; time not disclosed.
• Type: group earnings conference call; mode: virtual.
• Event/organiser: Prime Fresh Limited Q1 FY27 Earnings Conference Call.
• Recording: conference is being recorded.

Participants

• Chairman & MD
• Founder & WTD

Purpose

• Discuss Q1 FY27 results and outlook; investor Q&A.

Additional Notes

• Nashik CDP project and capex plan; subsidies and timelines discussed.
• Call recording noted; no transcript/presentation availability details provided.

AGM Details

• Date and time: 19 August 2026 at 04:10 PM.
• Mode: VC/OAVM.
• Cut-off for e-voting: 12 August 2026.
• Shareholders on record date: 1,660.
• Last date for postal ballot receipt: 19 August 2026.

Key Resolutions & Outcomes

• Resolution 1: Adopt audited standalone and consolidated financial statements; Passed with requisite majority.
• Resolution 2: Re-appoint Gurmeet Singh Bhamrah as Non-Executive Director; Passed with majority; minority opposition noted.
• Resolution 3: Appointment of Statutory Auditors and remuneration; Passed.
• Resolution 4: Appoint Sanjiv Swarup as Independent Director; Special; Passed.
• Resolution 5: Approve Related Party Transactions; Passed.
• Resolution 6: Approve MRPT with Florens Farming Limited for FY2026-27; Passed.
• Resolution 7: Approve MRPT with Florens Fresh Supply Solutions Private Limited for FY2026-27; Passed.
• Resolution 8: Approve MRPT with Mr. Jinen Ghelani; Passed.
• Resolution 9: Approve MRPT with Mr. Hiren Ghelani; Passed.
• Resolution 10: Make loans/guarantees or investments beyond prescribed limit; Special; Passed.
• Resolution 11: Increase borrowing limits under Section 180(1)(C); Special; Passed.

Directors & Auditors

• Director changes: Re-appointment of Gurmeet Singh Bhamrah as Non-Executive Director; Sanjiv Swarup appointed as Independent Director.
• Auditors: Statutory Auditors appointed; remuneration fixed.

Material Related Party Transactions

• MRPT approved with Florens Farming Limited for FY2026-27.
• MRPT approved with Florens Fresh Supply Solutions Private Limited for FY2026-27.
• MRPT approved with Mr. Jinen Ghelani (MD) for FY2026-27.
• MRPT approved with Mr. Hiren Ghelani (WTD) for FY2026-27.

Other Material Approvals

• Borrowing limits increased under Section 180(1)(C) of the Companies Act, 2013.
• Loans/guarantees or investments beyond prescribed limit approved under Section 186.

Director changes

• Re-appointed Gurmeet Singh Bhamrah as Non-executive Director, retires by rotation, effective 19 Aug 2026.

Auditor appointment

• Appointed M/s. Keshri & Associates as Statutory Auditors from 19th AGM to 24th AGM.

Independent director change

• Regularized Sanjiv Swarup from Additional Non-executive Independent Director to Non-executive Independent Director for 15 Jul 2026–14 Jul 2031.

AGM Details

• AGM held on 19 August 2026 at 4:10 PM via VC/OAVM; no physical venue.

Key Resolutions

• Ordinary: Receive, consider and adopt standalone and consolidated financial statements for FY2026.
• Ordinary: Re-appoint Gurmeet Singh Bhamrah as Non-Executive Director by rotation.
• Ordinary: Appoint Statutory Auditors and fix their remuneration.
• Special: Appoint Sanjiv Swarup as Independent Director.
• Ordinary: Approve related party transactions.
• Ordinary: Approve material related party transaction with Florens Farming Limited for FY2026-27.
• Ordinary: Approve material related party transaction with Florens Fresh Supply Solutions Private Limited for FY2026-27.
• Ordinary: Approve material related party transaction with Jinen Ghelani, MD, for FY2026-27.
• Ordinary: Approve material related party transaction with Hiren Ghelani, WTD, for FY2026-27.
• Special: Make loans or guarantees beyond prescribed limit under Section 186.
• Special: Increase borrowing limits under Section 180(1)(c).
• Note: Voting results to be declared within 2 working days with Scrutinizer's report.

Meeting Details

• Issuer is Prime Fresh Ltd (scrip 540404).
• Category is Company Update; Subcategory is Analyst / Investor Meet.