Company Overview

Prime Fresh Limited, engaged in sourcing, handling, grading, warehousing, and distribution of fresh fruits and vegetables, reported strong financial performance for FY 2025-26 alongside significant corporate developments.

Financial Performance Highlights

Standalone Performance (₹ in Lakhs):

  • Revenue from Operations: ₹24,269.57 (24% growth from ₹19,579.57 in FY25)
  • Profit Before Tax: ₹1,625.47 (31.6% growth from ₹1,235.21)
  • Profit After Tax: ₹1,190.06 (34.4% growth from ₹885.62)
  • Basic EPS: ₹8.69 (FY25: ₹6.49)

Consolidated Performance (₹ in Lakhs):

  • Revenue from Operations: ₹27,398.47 (32.5% growth from ₹20,676.55 in FY25)
  • Profit Before Tax: ₹1,897.46 (48.1% growth from ₹1,281.26)
  • Profit After Tax: ₹1,397.22 (51.6% growth from ₹921.42)
  • Basic EPS: ₹9.68 (FY25: ₹6.69)

The company demonstrated robust growth across both standalone and consolidated operations, with consolidated revenue reaching ₹273.98 crore and net profit at ₹139.72 crore.

Corporate Actions & Capital Structure

  • Migration to Main Board: Successfully migrated from BSE SME Platform to BSE Main Board effective June 6, 2025
  • Warrants Issuance: Issued 9,60,000 warrants on preferential basis to promoters, receiving ₹6,81,53,562
  • Equity Conversion: Converted 2,34,094 warrants into equity shares during the year
  • ESOP Plan: Granted 77,300 stock options under Employee Stock Option Plan 2024 at exercise price of ₹81.17 per share
  • Paid-up Capital: ₹13,87,98,610 comprising 1,38,79,861 equity shares
  • No Dividend: Declared no dividend for FY 2025-26

19th Annual General Meeting

  • Date: August 19, 2026 at 4:10 PM
  • Mode: Virtual through Video Conferencing/Other Audio-Visual Means
  • Record Date: August 12, 2026
  • Business Items: 11 resolutions including adoption of financial statements, re-appointment of Mr. Gurmeet Singh Bhamrah as Non-Executive Director, appointment of M/s Keshri & Associates as statutory auditors for 5 years, appointment of Mr. Sanjiv Swarup as Independent Director, approval of material related party transactions, and increase in borrowing limits to ₹240 crore
  • Voting: Remote e-voting available through NSDL from August 16-18, 2026

Subsidiaries and Associates Structure

  • Wholly-owned Subsidiaries: Prime Fresh Retail (I) Private Limited, Prime Fresh CDP Private Limited
  • Subsidiary: Florens Farming Limited (53.80% holding)
  • Associate: Florens Fresh Supply Solutions Private Limited (43.81% holding)
  • Investments: Total standalone investments of ₹455.37 lakh, primarily in subsidiaries

Related Party Transactions

Material RPTs proposed for FY 2026-27 with:

  • Vyankteshprime Fresh Farmers Producer Company Limited: Purchase/sale up to ₹24 crore each
  • Poonaagrocart LLP: Purchase/sale up to ₹10 crore each, loans up to ₹2 crore, advances up to ₹2 crore
  • Florens Farming Limited: Transactions up to ₹42 crore each for purchase/sale, ₹10 crore loans, ₹2 crore advances, ₹25 crore guarantees
  • Florens Fresh Supply Solutions Private Limited: Transactions up to ₹33 crore purchase, ₹42 crore sale, ₹10 crore loans, ₹2 crore advances, ₹15 crore guarantees
  • Personal guarantees from Mr. Jinen Ghelani and Mr. Hiren Ghelani up to ₹240 crore each

Borrowing and Investment Limits

Seeking shareholder approval for:

  • Loans/guarantees/investments up to ₹240 crore under Section 186 of Companies Act
  • Borrowing limits up to ₹240 crore under Section 180(1)(c)

Corporate Governance and Compliance

  • Board Composition: 8 directors including 2 executive and 6 non-executive directors (including 1 woman director)
  • Board Meetings: 7 meetings held during FY 2025-26
  • CSR Expenditure: ₹18,90,820 spent on education, women empowerment, and agriculture skill development
  • Credit Rating: CRISIL reaffirmed rating at CRISIL BBB/Stable with enhanced rated facilities from ₹10 crore to ₹100 crore
  • Legal Proceedings: Share transfer dispute with Ms. Dimple Khetan sub-judice before NCLAT
  • Employee Strength: 643 employees as of March 31, 2026

The company maintains strong regulatory compliance with clean audit opinions for both standalone and consolidated financial statements, and no material weaknesses in internal financial controls.