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Sarveshwar Foods utilized Rs 149.95 crore rights issue proceeds for working capital and corporate purposes
31-Jul-2026, 10:14
Sarveshwar Foods Limited informed the National Stock Exchange of India Limited and BSE Limited that there was no deviation or variation in the use of funds raised through a rights issue of shares. The company received Rs 149.95 crores through the rights issue on September 17, 2025, and has fully utilized the proceeds up to June 30, 2026, towards the originally stated objects, which included augmenting working capital and general corporate purposes. Infomerics Valuation and Rating limited is the monitoring agency for the funds.
Sarveshwar Foods Limited informed the National Stock Exchange of India Limited and BSE Limited that there was no deviation or variation in the use of funds raised through a rights issue of shares. The company received Rs 149.95 crores through the rights issue on September 17, 2025, and has fully utilized the proceeds up to June 30, 2026, towards the originally stated objects, which included augmenting working capital and general corporate purposes. Infomerics Valuation and Rating limited is the monitoring agency for the funds.