StockWatch
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Other Agricultural Products
Rights Issue5 Jun 2026, 11:21 pm

Sarveshwar Foods: No Deviation in Rights Issue Fund Use

AI Summary

Sarveshwar Foods Ltd has reported that there was no deviation or variation in the utilization of funds raised through its Rights Issue amounting to Rs. 149.95 Crores. The statement, reviewed by the Audit Committee, covers the quarter ended March 31, 2026. The funds raised were intended for augmenting working capital, general corporate purposes, and issue-related expenses. As of the reporting quarter, Rs. 139.75 Crores had been utilized towards these stated objects, with no deviation noted.

Key Highlights

  • No deviation reported in the use of Rs. 149.95 Cr raised via Rights Issue.
  • Funds utilized for working capital and general corporate purposes.
  • Statement confirmed by the Audit Committee for Q4 FY26.
  • Rs. 139.75 Cr utilized as per Letter of Offer.