Krishival Foods issued a First and Final Call Reminder Notice on September 18, 2026, targeting holders of 5,61,040 partly paid-up equity shares. The company seeks payment of ₹195 per share, comprising ₹6.50 towards face value and ₹188.50 towards premium.

The Rights Issue Committee approved the waiver of interest on delayed payments for this period. Shareholders must settle the outstanding amount between Tuesday, September 22, 2026, and Monday, October 5, 2026. Failure to pay may result in forfeiture of the partly paid-up shares and any amounts already paid.

Call Details and Payment Window

The initial First and Final Call Notice was dated July 14, 2026. During the initial payment period ending August 4, 2026, the company received payments for 27,72,120 shares out of the total 33,33,160 partly paid-up equity shares issued. These shares were converted into fully paid-up equity shares and began trading on August 18, 2026.

Trading in the outstanding partly paid-up equity shares remains suspended on stock exchanges since July 13, 2026. Upon successful payment during the current window, shareholders will be allotted fully paid-up equity shares under the existing ISIN (INE0GGO01015). The corporate action process is expected to complete within two to three weeks from the last date of the payment period.

What the Numbers Show

The conversion rate during the initial payment period was approximately 83%, with 27,72,120 shares fully paid against the initial allotment of 33,33,160. The remaining 17% of allotted shares, totaling 5,61,040 units, represent the current exposure for the company’s capital collection efforts. The waiver of interest indicates a strategic move to encourage settlement of these remaining balances without penalizing late payers, potentially accelerating the conversion of these suspended shares into tradable fully paid-up equity.

Consequences of Non-Payment

Shareholders who fail to pay the First and Final Call by October 5, 2026, face specific consequences under the Companies Act, 2013, and the Letter of Offer:

• The company may apply future dividends payable to the shareholder towards the outstanding call money and interest.
• The partly paid-up equity shares, including any amount already paid at the time of application, are liable to be forfeited.

Payments must be made via cheque deposited at designated ICICI Bank Limited collection centres or sent via registered post to the Registrar and Transfer Agent, Purva Sharegistry (India) Private Limited. Cash payments and part payments are not accepted. Third-party bank account payments will also be rejected.

Krishival Foods has scheduled its 12th Annual General Meeting for September 28, 2026. The meeting will convene via video conferencing to approve ordinary business, including financial statements for FY26, and special business involving significant related-party transactions.

The Board recommends a final dividend of ₹0.35 per equity share of face value ₹10. Shareholders on record as of September 21, 2026 will be eligible for the payout. The register of members will remain closed from September 22 to September 24, 2026.

Key Resolutions

The AGM agenda features several special resolutions requiring shareholder approval:

• Reappointment of M/s. Tammana Parmar & Associates as statutory auditors for a second term ending in 2031.
• Reappointment of three non-executive independent directors: Mr. Shailesh Kumar Jain, Mr. Neeraj Kulbhushan Taandon, and Mr. Sunil Kumar Agarwal.
• Approval for an additional loan of up to ₹35 crore to its subsidiary, Melt 'N' Mellow Foods Private Limited.
• Granting a corporate guarantee of up to ₹35 crore to the same subsidiary.

Related Party Transactions

The company seeks approval for material related-party transactions detailed in Annexure 2. The most significant exposure relates to Melt 'N' Mellow Foods Private Limited. Existing transactions include a loan of ₹80 crore and a guarantee of ₹80 crore, representing 27.33% of the annual consolidated turnover of ₹2,92.67 crore for the preceding year.

The proposed additional ₹35 crore loan carries an interest rate of 12% per annum and is repayable on demand. It may be wholly or partly converted into equity shares in one or more tranches at a future date. The transaction is classified as a related-party arrangement because the company’s promoters or directors hold interests in the subsidiary.

Other disclosed related-party activities include:

• A ₹3 crore loan and investment in wholly-owned subsidiary Siddhivinayak Cashews Industries Private Limited.
• An indirect loan of ₹19 crore extended by Melt 'N' Mellow to Hamma Foods Private Limited.
• Rental agreements with entities linked to directors, including SSBA Innovation Limited and Empyrean Healthcare Private Limited.

Director Profiles

Three independent directors are up for reappointment for five-year terms commencing in August and October 2026:

None of the directors hold shares in Krishival Foods. Their remuneration is listed as nil.

E-Voting and Logistics

The e-voting period begins on Friday, September 25, 2026 at 10:00 am and ends on Sunday, September 27, 2026 at 5:00 pm. Members holding shares as on the cut-off date of Monday, September 21, 2026, may cast their votes electronically. The e-voting module will be disabled by CDSL after the expiry of this period. Once a vote is cast, it cannot be changed subsequently.

Members who have cast their vote by remote e-voting may attend the meeting but shall not be entitled to vote again. Ms. NVB and Associates, Practicing Company Secretaries, have been appointed as Scrutinizer to oversee the e-voting process. The results will be declared on Tuesday, September 29, 2026.

What the Numbers Show

The scale of financial support provided to subsidiaries is substantial relative to the parent company’s revenue. The existing ₹80 crore loan and guarantee to Melt 'N' Mellow alone account for over a quarter of Krishival Foods’ consolidated turnover. The proposed additional ₹35 crore convertible loan further deepens this capital linkage, suggesting a strategy to fund subsidiary growth through internal debt that may later convert to equity, thereby aligning promoter interests with subsidiary valuation without immediate cash outflow from external investors.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0GGO01015/0919c0f0-cd3e-4bea-9f57-cfeeed431eae.pdf