Prime Fresh Ltd

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.

Business overview

• Integrated agri-supply-chain and fresh-produce distributor, PAN-India from Ahmedabad.
• Main Board migration completed June 2025 improves visibility.
• CDP backward integration; expanding cold-chain and export capabilities.

Operational highlights

• Q1FY27 tonnage 17,982 MT, up 68% YoY; onion volumes significant.
• Acquired 6 acres at Shrirampur; leased 3.73 and 0.09 acres in Nashik.
• CDP progress; expansion of backward integration and post-harvest infra.
• Outward volume 65,132 MT; onion volumes led growth.

Financial performance

• Revenue from operations Rs 61.71 crore; up 15.7% YoY.
• EBITDA Rs 6.07 crore; margin 9.83% (up 230 bps).
• PAT Rs 4.35 crore; margin 7.05% (up 163 bps).
• CRISIL BBB/Stable reaffirmed; bank facilities increased to Rs 100 crore.
• Near-zero debt; D/E 0.1; FY26 long-term borrowings NIL.
• Main Board migration enhances institutional visibility.

Strategic priorities & outlook

• Deepen sourcing and customer relationships; grow higher-margin services.
• Advance CDP initiatives; strengthen backward integration and post-harvest infra.
• Leverage diversified sourcing and omnichannel presence for sustainable growth.

Risks & governance

• Operating environment may be dynamic due to seasonality and export demand.
• Mitigation: diversified multi-category portfolio and broad supplier network.
• CDP and backward integration central to governance and long-term value.

Key metrics

• Q1 FY27 revenue from operations rose 15.7% YoY to ¥61.71 Cr.
• EBITDA up 51.0% YoY to ¥6.07 Cr.
• PAT up 50.8% YoY to ¥4.35 Cr.
• EBITDA margin expanded to 9.83%, up 230 bps YoY.
• PAT margin improved to 7.05%, up 163 bps YoY.
• Sales tonnage reached 17,982 MT, up 68.0% YoY.
• Product mix anchored by onion; mangoes and pomegranates contribute to value.
• CDP initiatives progressing to strengthen backward integration and post-harvest infra.

Meeting Details

• Organiser: Prime Fresh Limited.
• Date and time: Tue 18 August 2026, 04:00 PM IST.
• Type and mode: Post-earnings conference call (virtual).

Participants

• Management roles: Managing Director & CFO; Whole Time Director.
• Note: Company executives will represent management.

Purpose

• Earnings results discussion for Q1 FY27; investor Q&A.

Additional Notes

• Pre-registration via DiamondPass required to join.
• Dial-in access available; virtual conference call.