
Clarification6 Nov 2026, 06:55 pm
Prime Fresh Ltd: No Deviation in Fund Use for Q2 FY27
AI Summary
Prime Fresh Ltd has informed the stock exchange that no statement of deviation or variation in the use of funds is applicable for the quarter ended September 30, 2026. This is because no warrants were converted during the reporting period, and thus no funds were raised through this mechanism. The Audit Committee reviewed this and the Board of Directors took note of it in their meetings held on November 6, 2026. The company had previously raised funds via a preferential issue, with intended uses including working capital, investment in subsidiaries, inorganic growth, and issue-related expenses.
Key Highlights
- No fund raising via warrant conversion in Q2 FY27.
- Statement of deviation/variation in fund use not applicable.
- Audit Committee and Board noted the non-applicability.
- Previous fund raising was via preferential issue.
Price Impact
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