Sarveshwar Foods Limited has informed the Exchange regarding 'Increase in Authorised share capital and other Business matters'.
SARVESHWAR · price
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The Board of Directors of Sarveshwar Foods Limited, at its meeting held on May 20, 2025, approved an increase in the company's Authorised Share Capital from Rs. 120 crore to Rs. 160 crore, divided into 160 crore equity shares of Re. 1 each. The Board also approved the alteration of the Memorandum of Association to reflect this change in Clause V. Both these changes are subject to shareholder approval, for which a Postal Ballot Notice has been approved.
This is a routine corporate housekeeping action that gives the company room to issue more shares in the future (for fundraising, expansion, or acquisitions), but no actual issuance has been announced yet. Shareholders will get to vote on this via postal ballot, and existing shareholding patterns are not affected at this stage.