Key Decision and Approval
The Audit Committee of Prime Fresh Limited, exercising powers delegated by the Board of Directors, approved a revised investment structure for the acquisition of a 51% partnership stake in Poonaagrocart LLP. The meeting was held on June 30, 2026, commencing at 12:40 PM and concluding at 1:15 PM.
Financial Details and Investment Structure
The total collective investment by Prime Fresh Limited and its group companies amounts to ₹51,00,000. The breakdown is as follows:
- Prime Fresh Limited: ₹36,00,000 for a 36% stake
- Florens Farming Limited: ₹10,00,000 for a 10% stake
- Florens Fresh Supply Solutions Private Limited: ₹5,00,000 for a 5% stake
The consideration is entirely in cash. Upon completion, Poonaagrocart LLP will become an associate of Prime Fresh Limited.
Target Entity Details
Poonaagrocart LLP is a Limited Liability Partnership incorporated on March 13, 2021, with registration number LLPIN AAW-2958. Its registered office is at Flat A2 502 Beryl, Sr. No. 58 1 & 58 2 1A, Pune, Maharashtra, 411014.
The company is engaged in the business of Ready-to-Heat and Ready-to-Eat frozen snacks and meals, offering a portfolio of over 50+ quality products.
Financial metrics of Poonaagrocart LLP:
- Partner's Capital Account: ₹15,00,000
- Partner's Current Account: ₹28,61,800
- Turnover (FY 2024-25): ₹2,87,87,800
- Turnover (FY 2023-24): ₹2,56,60,614
- Turnover (FY 2022-23): ₹97,68,312
Transaction Rationale and Approvals
The primary objective is to expand Prime Fresh Limited's presence across the food value chain and enter the Ready-to-Eat and Ready-to-Heat segments.
Shareholder approval for an investment amount of ₹150 Crores was obtained vide a meeting held on September 26, 2025. No governmental or regulatory approvals are currently required for this specific investment, though the company commits to obtaining any that become applicable subsequently.
Timeline
The indicative time period for completion of the acquisition is on or before March 31, 2027.