With reference to above captioned subject, we hereby inform you that the Meeting of Board of Directors of the Company, held today i.e. May 14, 2026 ,the following were considered and approved: ....
SARVESHWAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sarveshwar Foods Limited's Board of Directors met on May 14, 2026 and approved several significant proposals. The company plans to raise funds up to USD 100 million (approximately Rs. 830+ crores at current rates) through various instruments including equity shares, convertible bonds, and warrants. The authorised capital will be increased from Rs. 160 crores to Rs. 310 crores, requiring shareholder approval. Borrowing limits have been significantly enhanced from Rs. 200 crores to Rs. 1,000 crores. Additionally, Mr. Mubarak Singh has been re-appointed as Independent Director for a second term of 5 years starting June 27, 2026. Decisions on inter-corporate loans and investments up to Rs. 250 crores were also approved, with shareholder voting to be conducted via postal ballot.
The proposed USD 100 million capital raise could lead to significant equity dilution for existing shareholders. The massive increase in borrowing powers from Rs. 200 crores to Rs. 1,000 crores signals aggressive expansion plans, while the postal ballot indicates these proposals will be put to shareholder vote shortly.