BSECompany Update2d ago · 24 Oct 2026, 06:40 pm
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015-Disclosure of Credit Rating
Prime Fresh Ltd · 540404
✦ AI SummaryRating Change
Prime Fresh Ltd has received a credit rating report from CRISIL Ratings Limited, which has reaffirmed a long-term rating of CRISIL BBB/Stable. The company has received a credit rating report from CRISIL Ratings Limited, which has reaffirmed a long-term rating of CRISIL BBB/Stable.
Analysis Scores
Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Prime Fresh Ltd - 540404 - Announcement under Regulation 30 (LODR)-Credit Rating
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PRIME,.-
PRIME FRESH LIMITED
Date: 24.10.2026
Listing Department,
BSE Limited.
Phiroze Jeejeebhoy Towers,
Dalal Street,
Fort, Mumbai-400001
SCRIP CODE: 540404
Dear Sir/Madam
SUB.: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations. 2015- Disclosure of Credit Rating
We have received Credit Rating Report from CRISIL Ratings Limited on 24.10.2026 and
according to it we are pleased to inform you that CRISIL has reaffirmed a long-term rating as
CRISIL BBB/ (Stable). The outlook on the long-term is Stable (Reaffirmed). The Copy of the
Credit Rating Letter attached as Annexure A.
Kindly consider it is in compliance with Regulation 30 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulation, 2015.
You are requested to update records accordingly.
Thanking you,
Yours faithfully,
For Prime Fresh Limited
Jasmin Doshi
Company Secretary
M.No: A36029
Regd. & Admin Office: 102, Sanskar - Il, Nr Ketav Petrol Pump, Polytechnic Road, Ambawadi, Ahmgdabad-ssoo15
Ph no.: +91 - 79 - 40320244; Email ID : info@primefreshlimited.com web : www.primefreshlimited.com
CIN: L51109GJ2007PLC050404
Crisil
CONFIDENTIAL Ratings
RL/PRCUSL/405439/BLR/1026/162227
October 24, 2026
Mr. Hiren Ghelani
‘Whole Time Director
Prime Fresh Limited
Politechnoc Road, 102, Sanskar Complex IT
Near Ketav Petrol Pump,
Ambawadi
Ahmedabad - 380015
9833215147
Dear Mr. Hiren Ghelani,
Re: Review of Crisil Ratings on the bank facilities of Prime Fresh Limited
All ratings assigned by Crisil Ratings are kept under continuous surveillance and review.
Please find in the table below the ratings outstanding for the debt instruments/facilities of the company, and the rating
actions by Crisil Ratings on the ratings as on date.
Total Bank Loan Facilities Rated Rs.100 Crore
Long Term Rating Crisil BBB/Stable (Reaffirmed)
(Bank-wise details as per Annexure 1)
As per our Rating Agreement, Crisil Ratings would disseminate the ratings, along with the outlook, through its
publications and other media, and keep the ratings, along with the outlook, under surveillance over the life of the
instrument/facility. Crisil Ratings reserves the right to withdraw, or revise the ratings, along with the outlook, at any time,
on the basis of new information, or unavailability of information, or other circumstances which Crisil Ratings believes
may have an impact on the ratings. Please visit www.crisilratings.com and search with the name of the rated entity to
access the latest rating/s.
In the event of the company not availing the proposed facilities within a period of 180 days from the date oft his letter, a
fresh letter of revalidation from Crisil Ratings will be necessary.
Crisil Ratings products / activities or ratings of instruments other than securities that are listed or proposed to be listed may
fall under the purview of financial sector regulators (FSRs) other than SEBI. In respect of such products / activities or
ratings (under the purview of other FSRs such as Reserve Bank of India (RBI), Ministry of Corporate Affairs (MCA),
Insurance Regulatory and Development Authority of India (IRDAI), among others), the grievance / dispute redressal and
investor protection mechanisms available under SEBI regulations shall not be applicable. A list of products/activities or
ratings of instruments falling under the purview of various FSRs along with the names of respective FSRs has been duly
disclosed by Crisil Ratings on its website.
A link to the same has been provided below for ready reference:
https:/Avww crisilratings.com/en/home/our-business/ratings/regulatory-disclosures/list-of-activities-instruments-and-
names-of-regulators.html
TSRS
This letter will remain valid till March 31, 2027. After this date, please insist for a new rating letter (dated later than Mfip‘]s'[
31,2027). ings
Should you require any clarification, please feel free to get in touch with us. “
‘With warm regards,
Yours sincerely,
Disclaimer. A rafing by Crisil Ratings reflects Crisil Rafings current opinion on the likelihood of fimely payment of the obligations under the rated instrument, and does
not constitute an audit of the rated entity by Crisil Ratings. Our ratings are based on information provided by the issuer or obtained by Crisil Ratings from sources it
considers reliable. Crisil Ratings does not guarantee the completeness or accuracy of the information on which the rating is based. A rating by Crisil Ratings is not a
recommendation to buy /sell or hold the rated instrument; it does not comment on the market price or suitability for a particular investor. Crisil Ratings has a practice of
keeping all its ratings under surveillance and ratings are revised as and when circumstances so warrant. Crisil Ratings is notr esponsible for any errors and especially
States that it has no financial liability whatsoever to the subscribers/ users /transmitters / distributors ofi ts ratings. Crisil Ratings’criteria are available without charge o
the public on the web site, v crisilsatings com. Crisil Ratings or its associates may have other commercial transactions with the company/entity. For the latest rating
information on_any_insirument_of any company rated by Crisil Ratings, please visit www.crisilratingscom or confact Customer Service Helpdesk at
Crisilratingdesk@crisil.com o at 1800-267-3850
Crisil Ratings Limited
Corporate Identity Number: U67100MH2019PLC326247
Registered Office: Lightbridge IT Park, Saki Vihar Road, Andheri East, Mumbai 400 072, India.
Phone: +91 226137 3000 | www.crisilratings.com acompany of S&P Global
Crisil
Ratings
Agarssal, (el e S
Nilesh Agarwal Nivedita Shibu
Director - Crisil Ratings Director - Crisil Ratings
Annexure 1 - Bank-wise details of various facility classes (outstanding facilities)
- Amount (Rs. . .
S.No. | Bank Facility Bank in Crore) Outstanding Rating
1 Cash Credit Bank of Baroda 40 Crisil BBB/Stable
5 | Proposed Fund Based Bank | 17.78 Crisil BBB/Stable
Limits
3 Term Loan Bank of Baroda 4222 Crisil BBB/Stable
Total 100
Annexure: List of instruments and names of regulators of the instruments
As required by SEBI CRA Circular dated Feb 10, 2026, a list of activities or instruments falling under the purview of various FSRs, along with the names of
respective FSRs, is being disclosed below:
A Rating activities
Sr.No. | Instrument/ activity Name Regulator oft he imstruments
T Listed/Proposed to be listed bonds/debentures/preference share (all securities) SEBI
2 Unlisted/Proposed o be unlisted Bonds/Debentures/ Preference share (all securifies) MCA
3 Listed PTCs / Secunitisation Notes (originated by entities regulated by RBD* S. RBI
1 Listed PTCs / Secuitisation Notes (origiated by entities not regulated by RBI)* SEBI
5 Unlisted PTCs/ Secunitisation Notes (originated by entities regulated by RBD* RBI
6 Listed Commercial Paper and NCDs with original maturity less than 1 year RBI
7 Unlisted Commercial Paper and NCDs with original maturity less than 1 year RBI
8 TLoan Facilities (Fund/Non-Fund Based) from Bank/NBF Cs/NHB/FIs RBI
9 External Commercial Borrowings and ofher similar borrowings RBI
10 Certificates of Deposit RBI
1la Fixed Deposits raisebdy NBFCs HFCs, FIs RBI
116 Fixed Deposits raisebdy Banks -
2 Fixed Deposits raisebdy corporates ofher than NBFCs, Banks, HFCs, FIs MCA
3 Tnter Corporate Deposits/Loans extended by Corporates MCA
4 Bomowing programme ~ -
15 Tssuer Ratings # -
16 Credit Ratings for Capital Protection Oriented Schemes (by Mutal Funds and ATFs) SEBI
7 Credit quality ratings (CQRs) for Mutual Fund Schemes and Schemes of ATFs SEBI
18 Listed Secunity Receipts S, RBI
9 Unlisted Security Receipts RBI
20 Tndependent Credit Evaluation (ICE) RBI
21 Expected Loss Ratings (for Loan Facilities (Fund/Non-Fund Based) from Bank/NBF Cs/NHB/Fis) +
2 Expected Loss Ratings (Listed Proposed to be listed bonds/debentures/preference share (all SEBI
securities))
3 Expected Loss Ratings (Unlisted/Proposed to be unlisted Bonds/Debentures/ Preference share (all MCA
s
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