Krishival Foods: Deviation in Right Issue Fund Utilization

Krishival Foods Limited has filed a statement detailing deviations in the utilization of funds raised through a rights issue on January 20, 2026. The total amount raised was ₹3499.29 Lakhs. For the quarter ended June 30, 2026, there were deviations in the utilization for 'Part-funding of capital expenditure for setting up a processing and packaging unit for cashews and other nuts at Kolhapur, Maharashtra' and 'Part-funding working capital requirements of the Company'. The original object for capital expenditure was ₹2500.00 lakh, with ₹576.20 lakh utilized at the beginning of the quarter and ₹799.15 lakh utilized at the end, resulting in a deviation of ₹1375.35 lakh. For working capital, ₹5000.00 lakh was allocated, with ₹992.25 lakh utilized at the beginning of the quarter and ₹0.00 utilized at the end, showing a deviation of ₹992.25 lakh. The company has stated that these deviations are not pursuant to a change in contract terms or objects approved by shareholders.