Board Meeting14 May 2026, 10:01 pm
Sarveshwar Foods to Raise USD 100 Million & Increase Capital
AI Summary
Sarveshwar Foods Ltd's board approved raising funds up to USD 100 million through various instruments, including equity shares and convertible bonds. They also approved increasing the authorized capital from ₹160 Crores to ₹310 Crores, subject to member approval. Mr. Mubarak Singh was re-appointed as an Independent Director for 5 years, and borrowing limits were enhanced from ₹200 Crores to ₹1,000 Crores. Loans, investments, guarantees or security under section 185 & 186 of Companies Act,2013 upto an aggregate of ₹250 Crores were also approved subject to shareholders approval.
Key Highlights
- Board approves raising up to USD 100 Million via equity, bonds, or other securities.
- Authorised Capital increased from ₹160 Cr to ₹310 Cr, pending member approval.
- Mubarak Singh re-appointed as Independent Director for 5 years, subject to approval.
- Borrowing limits increased from ₹200 Cr to ₹1,000 Cr.
- Loans, investments, guarantees or security under section 185 & 186 of Companies Act,2013 upto an aggregate of ₹250 Crores were also approved subject to shareholders approval.