Sarveshwar Foods Limited has informed the Exchange regarding Notice of Postal Ballot
SARVESHWAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sarveshwar Foods Limited has issued a postal ballot notice seeking shareholder approval for multiple resolutions. The key proposal is to raise funds up to USD 100 million (approximately Rs 850+ crores) through QIP, FCCB, and other permissible modes. The company also proposes increasing its authorized share capital from Rs 160 crores to Rs 310 crores. Additionally, FPI investment limits are being increased from 24% to sectoral cap, and NRI/OCI limits from 10% to 24%. Borrowing limits are being enhanced to Rs 1,000 crores, while loan/investment limits under Sections 185 and 186 are set at Rs 250 crores each. Mr. Mubarak Singh is being reappointed as Independent Director for 5 years. E-voting runs from May 16, 2026 to June 15, 2026.
Shareholders should note potential equity dilution if QIP/FCCB is exercised. The expanded borrowing and investment limits provide flexibility but increase financial risk. Increased FPI/NRI limits may attract more foreign investment.