Krishival Foods: ₹8904.92 Lakhs Rights Issue Fund Utilization Q3 FY27

Krishival Foods Ltd has filed a statement detailing the utilization of funds raised through a rights issue. The total amount raised was ₹8,904.92 Lakhs (₹89.05 Crore), comprising ₹3,499.29 Lakhs (₹34.99 Crore) on application and ₹5,405.63 Lakhs (₹54.06 Crore) on first and final call. For the quarter ended September 30, 2026, funds were utilized for part-funding capital expenditure for a processing and packaging unit (₹2,368.05 Lakhs utilized out of ₹2,500.00 Lakhs allocated), part-funding working capital requirements (₹1,770.47 Lakhs utilized out of ₹5,000.00 Lakhs allocated), and general corporate purposes (₹2,500.00 Lakhs utilized out of ₹2,127.00 Lakhs allocated). Notably, ₹2,500.00 Lakhs allocated for General Corporate Purposes and ₹373.00 Lakhs for Issue Expenses were transferred to Melt ‘N’ Mellow Foods Private Limited, a subsidiary, for its cold chain infrastructure, as approved by the Rights Issue Committee. The company is bearing issue-related expenses from internal accruals.