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Sarveshwar Foods Ltd. ( (IN:SARVESHWAR) ) has provided an update.
Sarveshwar Foods Limited has announced that 10.2 crore warrants, issued on a preferential basis in July 2024 and entitling holders to subscribe to an equivalent number of equity shares within 18 months, have lapsed after the allottees failed to exercise their conversion option by the 24 January 2026 deadline. As a result, the company has forfeited the upfront payment of approximately Rs 23.78 crore—representing 25% of the issue price—received from these warrant holders, including several institutional investors, which halts the expected equity dilution while providing a non-refundable capital inflow that modestly strengthens the company’s balance sheet and alters the anticipated shareholder base composition.
More about Sarveshwar Foods Ltd.
Sarveshwar Foods Limited is an India-listed food company based in Jammu, operating in the agri and food processing space and known for its rice and related products, serving both domestic and export markets.
Average Trading Volume: 479,914
Technical Sentiment Signal: Sell
Current Market Cap: 4.88B INR
See more data about SARVESHWAR stock on TipRanks’ Stock Analysis page.