Sarveshwar Foods Limited has informed the Exchange regarding Revised Outcome of Board Meeting held on August 11, 2025.
SARVESHWAR · price
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Sarveshwar Foods has filed a revised version of its August 11, 2025 board meeting outcome to add SEBI-mandated details on the securities issuance. The Board approved a rights issue of equity shares (face value Re. 1) for an amount not exceeding Rs. 150 crore, to be offered to eligible shareholders. The Board also approved the Q1 FY26 unaudited financial results, which showed revenue from operations of Rs. 30,134.89 lakhs (up about 29% from Rs. 23,305.44 lakhs in Q1 FY25) and net profit of Rs. 702.35 lakhs, more than double the Rs. 308.87 lakhs reported a year earlier. The Board appointed CA Anand Sharda, a chartered accountant with 19 years of experience at firms like Parag Milkfoods, RBL Bank, DCB Bank, and Publicis Groupe, as the new Chief Financial Officer effective August 11, 2025. A Rights Issue Committee was also set up to finalise the issue terms, including price, entitlement ratio, and record date.
The Rs. 150 crore rights issue will expand the equity base and could dilute existing shareholders, though they will get priority to subscribe. The strong Q1 performance – revenue growth of nearly 29% and profits more than doubling year-on-year – is a positive signal. The new CFO brings solid banking and FMCG experience, which may strengthen financial planning and governance.