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Sarveshwar Foods Ltd. ( (IN:SARVESHWAR) ) has provided an update.
Sarveshwar Foods Limited has approved the allotment of 37,50,000 equity shares of face value Re 1 each at an issue price of Rs 9.70 per share, following the conversion of an equivalent number of warrants issued on a preferential basis. The conversion, approved by the board through a resolution passed by circulation on 24 January 2026, brought in Rs 2.73 crore as 75% of the issue price payable on conversion, and increases the company’s paid-up equity share capital to Rs 123.27 crore, with the newly issued shares ranking pari passu with existing equity. This step forms part of a larger warrant issue previously approved in July 2024 and underscores the company’s continued use of preferential allotments to strengthen its equity base and fund its strategic and operational requirements, with implications for shareholding dilution and capital structure for current investors.
More about Sarveshwar Foods Ltd.
Sarveshwar Foods Limited is an India-based food company operating in the agri and packaged foods space, with a registered office in Jammu, Jammu & Kashmir. The company is listed on both the National Stock Exchange of India and BSE, and its equity shares trade under the symbol SARVESHWAR and scrip code 543688, respectively.
Average Trading Volume: 479,914
Technical Sentiment Signal: Sell
Current Market Cap: 4.91B INR
For an in-depth examination of SARVESHWAR stock, go to TipRanks’ Overview page.