Sarveshwar Foods Limited has informed the exchange regarding Monitoring Agency Report in respect of Right issues for the quarter ended 31st March,2026.
SARVESHWAR · price
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Sarveshwar Foods Limited has filed its quarterly Monitoring Agency Report for the Rs. 149.95 crore Rights Issue completed in September 2025. The monitoring agency Infomerics Valuation & Rating Limited confirms no deviations from the stated objects of the issue. As of March 31, 2026, the company has utilized Rs. 139.75 crore out of Rs. 149.95 crore raised, with Rs. 10.20 crore remaining unutilized in a Jammu & Kashmir Bank current account. During Q4 FY26, Rs. 18.06 crore was deployed towards working capital (paddy and rice purchases) and Rs. 0.07 crore towards general corporate purposes (professional fees). Working capital utilization stands at Rs. 128.06 crore against the Rs. 130 crore allocation. No material deviations or changes in means of finance were reported.
The filing indicates funds are being deployed as intended without deviations, which is a positive signal for shareholders. The unutilized Rs. 10.20 crore (approximately 7% of net proceeds) will continue supporting working capital and general corporate purposes as per SEBI regulations.