Statement of utilization of funds raised from Right issue
KRISHIVAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Krishival Foods Limited raised Rs 3499.29 Lakhs (~Rs 35 Crore) via a rights issue on January 20, 2026. The company filed a utilization statement for the year ended March 31, 2026, with Brickwork Ratings as the monitoring agency. Of the two stated objects — part-funding capital expenditure for a cashew/nut processing unit in Kolhapur (allocated Rs 2500 Lakhs) and part-funding working capital (allocated Rs 5000 Lakhs) — Rs 576.20 Lakhs was deployed towards capex and Rs 992.25 Lakhs towards working capital, totaling Rs 1568.45 Lakhs utilized. No deviation or variation in fund usage was reported, and the statement was reviewed by the Audit Committee and auditors with no exceptions noted.
With only ~45% of the raised capital deployed within roughly two months of the issue, the bulk of the funds remain unutilized, which is typical for capital expenditure and working capital timelines. No red flags on misuse, though investors should track deployment pace against the stated objects.