Sarveshwar Foods Limited has informed the Exchange regarding Outcome of Rights Issue Committee Meeting held on August 21, 2025.
SARVESHWAR · price
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Sarveshwar Foods Limited has approved the Letter of Offer for its Rights Issue, as decided in the Rights Issue Committee meeting held on August 21, 2025. The company is issuing up to 24,99,10,469 fully paid-up equity shares of face value ₹1 each at an issue price of ₹6 per share (including a ₹5 premium), aggregating up to ₹14,994.63 lakh (approximately ₹150 crores). The ratio is 12 rights equity shares for every 47 shares held by eligible shareholders on the record date of August 22, 2025. The issue opens on September 2, 2025 and closes on September 16, 2025, with listing expected on or about September 19, 2025.
Existing shareholders must decide whether to subscribe to their entitlements by September 16, 2025, or let them lapse. The issue is dilutive and may put short-term pressure on the stock price, though funds raised (up to ~₹150 crores) will strengthen the company's balance sheet for future growth.