{"id":41130,"date":"2025-09-17T14:36:59","date_gmt":"2025-09-17T09:06:59","guid":{"rendered":"https:\/\/dailynewsindia.co.in\/index.php\/2025\/09\/17\/overwhelming-response-to-sarveshwar-foods-limited-rights-issue-of-249910469-fully-paid-up-equity-shares-aggregating-to-rs-149-95-crores\/"},"modified":"2025-09-17T14:36:59","modified_gmt":"2025-09-17T09:06:59","slug":"overwhelming-response-to-sarveshwar-foods-limited-rights-issue-of-249910469-fully-paid-up-equity-shares-aggregating-to-rs-149-95-crores","status":"publish","type":"post","link":"https:\/\/dailynewsindia.co.in\/index.php\/2025\/09\/17\/overwhelming-response-to-sarveshwar-foods-limited-rights-issue-of-249910469-fully-paid-up-equity-shares-aggregating-to-rs-149-95-crores\/","title":{"rendered":"Overwhelming Response To Sarveshwar Foods Limited Rights Issue Of 24,99,10,469 Fully Paid-Up Equity Shares Aggregating To Rs. 149.95 Crores"},"content":{"rendered":"
\n

Srinagar (Jammu & Kashmir) [India], September 17:<\/strong> Sarveshwar Foods Limited today announced that it has achieved successful closure of Rights Issue of 24,99,10,469 (Twenty-Four Crore Ninety-Nine Lakh Ten Thousand Four Hundred Sixty- Nine) Fully paid-up Equity Shares aggregating to \u20b9 149.95 Cr. having issue price of \u20b9 6\/- per Equity Share (including a share premium of \u20b9 5 per share) (the \u201cissue price\u201d) on a rights basis to the eligible equity shareholders of our Company closed successfully on September 16, 2025.<\/p>\n\n\n\n\n
Amount\u00a0Payable\u00a0per\u00a0Rights\u00a0Equity\u00a0Share<\/strong><\/p>\n

i.e.<\/strong>\u00a0<\/strong>Issue Price<\/strong><\/p>\n<\/td>\n

Face<\/strong>\u00a0<\/strong>value<\/strong>\u00a0<\/strong>(<\/strong>\u20b9<\/strong>)<\/strong><\/td>\nPremium\u00a0(<\/strong>\u20b9<\/strong>)<\/strong><\/td>\nTotal<\/strong><\/td>\n<\/tr>\n
On\u00a0Application<\/td>\n1.00<\/td>\n5.00<\/td>\n6.00<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The Rights issue was oversubscribed by 1.35 times.<\/h1>\n

Sarveshwar\u00a0Foods Limited,\u00a0is\u00a0engaged\u00a0in\u00a0the\u00a0business\u00a0of\u00a0manufacturing,\u00a0trading,\u00a0processing,\u00a0and\u00a0marketing of\u00a0branded and un-branded basmati and non-basmati rice in the domestic and international markets, announced today\u00a0the\u00a0successful\u00a0closure\u00a0of\u00a0the\u00a0issue\u00a0of\u00a024,99,10,469\u00a0(Twenty-Four\u00a0Crore\u00a0Ninety-Nine\u00a0Lakh\u00a0Ten\u00a0Thousand Four Hundred & Sixty-Nine) Fully paid\u2212up Equity Shares (including a share premium of\u00a0\u20b9\u00a05 per share) (the \u201cissue price\u201d) on rights basis to the eligible equity shareholders (the \u201cRights Issue\u201d) which was launched on September 02, 2025.<\/p>\n

The issue resulted into subscription of 33,85,67,058 shares resulting into oversubscription by 1.35 times. The issue period was from September 02, 2025, to September 16, 2025. The issue size was 24,99,10,469 (Twenty- Four Crore Ninety-Nine Lakh Ten Thousand Four Hundred Sixty-Nine) Fully paid-up Equity Shares aggregating to\u00a0\u20b9\u00a0149.95 Cr. having issue price of\u00a0\u20b9\u00a06\/- per Equity Share (including a share premium of\u00a0\u20b9\u00a05 per share) (the \u201cissue price\u201d) on a rights basis to its eligible equity shareholders in the ratio of 12 (Twelve) Rights Equity Share\u00a0for every 47 (Fourty-Seven) fully paid-up Equity Shares held as on record date i.e. August 22, 2025. The payment schedule for this issue is fully paid up, with 100% of the amount i.e.\u00a0\u20b96\u00a0per\u00a0share,\u00a0payable\u00a0at\u00a0the\u00a0time\u00a0of application.<\/p>\n

The\u00a0funds\u00a0raised\u00a0via\u00a0rights\u00a0issue\u00a0will\u00a0be\u00a0used\u00a0in\u00a0the\u00a0manner\u00a0described\u00a0in\u00a0the\u00a0Letter\u00a0of\u00a0Offer\u00a0dated\u00a0August\u00a021, 2025., i.e.<\/p>\n

    \n
  1. To\u00a0augment\u00a0the\u00a0existing\u00a0and\u00a0incremental\u00a0working\u00a0capital\u00a0requirement\u00a0of\u00a0our\u00a0Company.<\/li>\n
  2. General\u00a0Corporate\u00a0Purpose<\/li>\n<\/ol>\n

    The\u00a0allotment\u00a0and\u00a0listing\u00a0formalities\u00a0of\u00a0the\u00a0new\u00a0shares\u00a0on\u00a0the\u00a0BSE\u00a0and\u00a0NSE\u00a0are\u00a0expected\u00a0to\u00a0be\u00a0completed\u00a0on or\u00a0about\u00a0Wednesday,\u00a0September\u00a017,\u00a02025\u00a0and\u00a0Friday,\u00a0September\u00a019,\u00a02025\u00a0respectively.<\/p>\n

    Commenting\u00a0on\u00a0the\u00a0success\u00a0of\u00a0the\u00a0Rights\u00a0Issue,\u00a0Shri\u00a0Mr.\u00a0Rohit\u00a0Gupta,\u00a0Chairman\u00a0of\u00a0Sarveshwar\u00a0Foods\u00a0Limited, said,\u00a0\u201cI\u00a0express\u00a0my\u00a0sincere\u00a0thanks\u00a0to\u00a0our\u00a0dear\u00a0and\u00a0esteemed\u00a0shareholders\u00a0for\u00a0participating\u00a0in\u00a0this\u00a0Rights\u00a0Issue and\u00a0making\u00a0it a new and\u00a0proud\u00a0landmark\u00a0in\u00a0the history\u00a0of\u00a0India\u2019s capital market.<\/p>\n

    Our shareholders have always been our biggest source of strength. Our decades-old relationship based on trust has consistently\u00a0spurred\u00a0us to\u00a0achieve more.\u00a0We are delighted\u00a0and\u00a0humbled\u00a0by their\u00a0extraordinary show\u00a0of confidence in the future of Sarveshwar.<\/p>\n

    Intermediaries\u00a0for\u00a0this\u00a0rights\u00a0issue:<\/h1>\n