Sarveshwar Foods Limited has informed the Exchange about Copy of Newspaper Publication in respect of Rights issue of the Fully paidup Equity shares of the company.
SARVESHWAR · price
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Sarveshwar Foods Limited has submitted copies of the pre-issue newspaper advertisement for its rights issue to the exchange. The company is issuing up to 24,99,10,469 equity shares (face value ₹1) at ₹6 per share, including a ₹5 premium, aggregating up to ₹14,994.63 lakhs (around ₹150 crore) assuming full subscription. The ratio is 12 rights shares for every 47 fully paid-up shares held, with a record date of August 22, 2025. The issue opens on September 2, 2025 and closes on September 16, 2025, with September 11, 2025 as the last date for on-market renunciation. The pre-issue ad was published on August 27, 2025 in Financial Express (English), Janasatta (Hindi), and Daily Roshini (Urdu). Promoter Rohit Gupta has informed the company he will renounce 2,00,00,000 of his rights entitlements in favour of SPV Finserve Private Limited, and any under-subscribed portion may be allotted to Kalpalabdhi Financials Pvt Ltd.
This is a significant equity dilution of roughly 25-26% for existing shareholders. Investors holding shares as of August 22, 2025 need to decide whether to subscribe, renounce/sell, or let the rights lapse before September 16, 2025. The stock may see short-term pressure as the rights entitlement trades separately on BSE and NSE during the issue period.