Sarveshwar Foods' Rights Issue Oversubscribed, Marks New Milestone

Sarveshwar Foods Limited, based in Srinagar, Jammu & Kashmir, has announced the successful closure of its substantial rights issue, attracting an oversubscription by 1.35 times. The issue involved 24,99,10,469 fully paid-up equity shares, raising a total of ₹149.95 crore. Offered at a price of ₹6 per share, the capital raised will support the company's working capital needs and general corporate initiatives.

Launched on September 02, 2025, and closing on September 16, 2025, the issue received subscriptions for 33,85,67,058 shares, demonstrating strong investor confidence. Eligible shareholders were entitled to 12 equity shares for every 47 fully paid-up shares held as per the record dated August 22, 2025. Listing of these shares on the BSE and NSE is anticipated on September 17, 2025, and September 19, 2025, respectively.

Sarveshwar Foods Limited Chairman, Shri Rohit Gupta, expressed gratitude toward shareholders for their participation, marking this as a significant milestone in India's capital market landscape. The rights issue was managed by Bigshare Services as the registrar and Kotak Mahindra Bank as the banker, with KRA & Co serving as the company's auditor.

(With inputs from agencies.)