Rights Issue31 Jul 2026, 09:40 pm
Sarveshwar Foods: No Deviation in Rights Issue Fund Use
AI Summary
Sarveshwar Foods Limited has confirmed no deviation or variation in the utilization of funds raised through its Rights Issue. The company raised ₹149.95 Crores on September 17, 2025, for augmenting working capital and general corporate purposes. As of June 30, 2026, the entire proceeds have been utilized as per the Letter of Offer. The statement, reviewed by the Audit Committee, indicates a 'Nil Statement of Deviation'. The monitoring agency report for the period is pending.
Key Highlights
- No deviation reported in the use of ₹149.95 Crores from Rights Issue.
- Funds were raised on September 17, 2025, for working capital and general purposes.
- Entire proceeds fully utilized by June 30, 2026, as per offer letter.
- Audit Committee reviewed and found no comments on fund utilization.
- Monitoring agency report for the quarter is expected.
Price Impact
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