Prime Fresh Ltd to Invest INR 50 Lakhs in Poonaagrocart LLP, Expanding Its Ready-to-Eat and Ready-to-Heat Business

Prime Fresh Limited has approved an investment of up to INR 50 Lakhs in Poonaagrocart LLP, a Limited Liability Partnership incorporated in 2021. Poonaagrocart LLP 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. The acquisition will make Poonaagrocart LLP a subsidiary of Prime Fresh Ltd. The investment is aimed at expanding Prime Fresh Ltd's presence across the food value chain and entering into the Ready-to-Eat and Ready-to-Heat segment. The acquisition is not a related party transaction and does not involve any promoter/promoter group/group companies. The acquisition is expected to be completed with cash consideration, and the exact amount is yet to be disclosed. Poonaagrocart LLP has a turnover of Rs. 2,87,87,800 (as on FY 24-25), Rs. 2,56,60,614 (as on FY 23-24), and Rs. 97,68,312 (as on FY 22-23).