In Compliance which provisions of SEBI (LODR) Regulation , 2015, We are enclosing herewith the Notice of Postal Ballot.
SARVESHWAR · price
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On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 3.0 pts less than its Other Agricultural Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Sarveshwar Foods Limited has issued a Postal Ballot Notice seeking shareholder approval through e-voting for 7 resolutions. The key item is approval to raise funds up to USD 100 million (approximately Rs. 830+ crores) through Qualified Institutions Placement (QIP) and/or Foreign Currency Convertible Bonds (FCCB) and other permissible modes. Additionally, the company seeks to increase its authorised share capital from Rs. 160 crores to Rs. 310 crores, and enhance borrowing limits up to Rs. 1,000 crores. Investment limits for FPIs are proposed to increase from 24% to sectoral cap, while NRI/OCI limits would rise from 10% to 24%. The company also seeks authority to give loans/guarantees up to Rs. 250 crores under Sections 185 and 186. Finally, Mr. Mubarak Singh is proposed for re-appointment as Independent Director for another 5-year term. E-voting runs from May 16, 2026 to June 15, 2026.
The proposed QIP/FCCB issue could bring significant dilution for existing shareholders. The large authorised capital increase signals potential significant future equity raises. Higher borrowing limits provide financial flexibility but increase debt obligations.