Sarveshwar Foods Limited has informed the Exchange regarding 'Intimation of Submission of Draft Letter of Offer.
SARVESHWAR · price
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Sarveshwar Foods Limited has submitted the Draft Letter of Offer (DLOF) dated August 11, 2025 to the stock exchanges for a proposed rights issue. The company plans to issue fully paid-up equity shares of face value ₹1 each, aiming to raise up to ₹15,000 lakhs (₹150 crores) on a rights basis to existing eligible shareholders. The exact issue price, premium, entitlement ratio, and record date are yet to be finalized and will be disclosed in the final Letter of Offer. Bigshare Services Private Limited is the registrar, Kotak Mahindra Bank is the banker to the issue, and Infomerics Valuation and Rating will act as monitoring agency. The company has sought in-principle listing approval from BSE and NSE.
Existing shareholders will get an opportunity to subscribe to additional shares in proportion to their holdings, though not participating could lead to dilution. The exact impact on share price and holdings depends on the final issue price and entitlement ratio, which are still to be disclosed.