Sarveshwar Foods Limited has submitted the Monitoring agency report for the quarter ended 31st March , 2026 in respect of utilization of proceeds from rights issue.
SARVESHWAR · price
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Sarveshwar Foods submitted its Q4 FY26 monitoring agency report for a Rs. 149.95 crore rights issue completed in September 2025. The issue comprised 24,99,10,469 equity shares at Rs. 6 per share. As of March 31, 2026, the company has utilized Rs. 139.75 crore (93.2%) of the proceeds, with Rs. 10.20 crore remaining unutilized. During the quarter, Rs. 18.06 crore was deployed for working capital (paddy and rice purchases) and Rs. 0.07 crore for general corporate purposes (professional fees). Working capital utilization stands at Rs. 128.06 crore against an allocation of Rs. 130 crore. The monitoring agency Infomerics Valuation confirmed no deviations from the stated objects of the issue. The funds are held in a current account with Jammu & Kashmir Bank. The offer document permits utilization of unspent proceeds in subsequent fiscal years.
Positive signal for shareholders: proceeds are being deployed as disclosed, with no deviations or adverse events reported. The remaining Rs. 10.20 crore is expected to support future working capital and growth needs. The company is on track with its stated objectives.