SARVESHWARNSESarveshwar Foods LimitedMinimalNeutral
Announced Fri, 29 Aug · 14:55 IST

Sarveshwar Foods Limited has informed the Exchange about Corrigendum to Copy of Newspaper Publication regarding Rights Issue of Fully paidup Equity Shares.

SARVESHWAR · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Sarveshwar Foods Limited issued a corrigendum (correction notice) to its Pre-Issue Advertisement dated August 26, 2025, which relates to its ongoing Rights Issue. The company is offering up to 24,99,10,469 equity shares at ₹6 per share (including ₹5 premium), aggregating up to ₹14,994.63 lakhs, in the ratio of 12 rights shares for every 47 shares held, with record date August 22, 2025. The correction updates the name of a Specific Investor (renouncee) to Animax Ventures Private Limited, to whom promoter Rohit Gupta is renouncing 2,00,00,000 rights entitlements via a letter dated August 25, 2025. The corrigendum was published on August 29, 2025 in Financial Express (English), Janasatta (Hindi), and Daily Roshni (Urdu).

Likely market impact

This is a minor administrative correction to the rights issue advertisement and does not change the issue size, price, or ratio. Shareholders should note that promoter Rohit Gupta is renouncing a portion of his rights entitlement to a specific investor (Animax Ventures Private Limited), which could slightly affect post-issue promoter shareholding. Investors should review the updated specific investor disclosure before subscribing.