Prime Fresh has informed that a meeting of Board of Directors of the company, which was schedule to be held on 17th April, 2021 to consider the proposal of raise fund by issue of warrants convertible into equity shares on preferential basis at a price which shall not be less than the minimum price arrived at in accordance with the provisions of Chapter VII of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended from time to time, has been cancelled as company cannot make fresh offer or invitation under this section shall be made unless the allotments with respect to any offer or invitation made earlier have been completed or that offer or invitation has been withdrawn or abandoned by the company. Since Company had approved Bonus issue in its meeting held on 26th March, 2021 which is still under process therefore to comply with section 42(5) of the companies act 2013, Company has cancelled its meeting.
The above information is a part of company’s filings submitted to BSE.