Krishival Foods sets ₹195 call on rights shares

1 min read     Updated on 16 Jul 2026, 09:30 AM
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Reviewed by
Anirudha BScanX News Team
AI Summary

Krishival Foods has announced a First and Final Call of ₹195 per share on its partly paid-up Rights Equity Shares, aggregating to ₹64,99,66,200. The payment window is open from Tuesday, July 21, 2026, to Tuesday, August 4, 2026. The call amount comprises ₹6.50 towards face value and ₹188.50 towards securities premium. Trading in the partly paid-up shares (ISIN: IN90GGO01013) has been suspended on the stock exchanges effective from the record date, Monday, July 13, 2026.

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Krishival Foods has announced the First and Final Call of ₹195 per share on its partly paid-up Rights Equity Shares, aggregating to ₹64,99,66,200. The payment window is open from Tuesday, July 21, 2026, to Tuesday, August 4, 2026. The call amount comprises ₹6.50 towards face value and ₹188.50 towards securities premium. Trading in the partly paid-up shares (ISIN: IN90GGO01013) has been suspended on the stock exchanges effective from the record date, Monday, July 13, 2026.

The Rights Issue Committee approved the call on 33,33,160 shares. These shares were allotted on January 7, 2026, pursuant to a Letter of Offer dated December 15, 2025. The company has specified that this is the final call, and no further calls will be made regarding this issue. Eligible Shareholders who pay the call amount during the designated period will be credited with fully paid-up equity shares under ISIN INE0GGO01015 upon completion of necessary regulatory formalities.

Payment Details and Consequences

The company has outlined three modes of payment for the First and Final Call: Online ASBA through Self-Certified Syndicate Banks (SCSBs), Physical ASBA by submitting an application at a designated SCSB branch, and online payment via 3-in-1 trading accounts where offered by brokers. Cash payments are not accepted, and part payments will be treated as non-payment, potentially leading to the forfeiture of shares.

Failure to pay the call amount by the due date will result in an interest charge of 10% per annum on the delayed payment. Additionally, the Board or Rights Issue Committee may apply future dividends towards outstanding call amounts and interest. The partly paid-up shares, including any application money already paid, are liable to be forfeited in accordance with the Companies Act, 2013, and the Articles of Association of the Company.

Breakdown of Rights Issue Payments

The following table details the payment structure for the Rights Equity Shares:

Particulars No. of partly paid-up Rights Equity Shares Amount adjusted towards Face Value per share Amount adjusted towards Securities Premium per share Total amount payable per share Aggregate amount
On Application 33,33,160 ₹3.50 ₹101.50 ₹105.00 ₹34,99,81,800
First and Final Call 33,33,160 ₹6.50 ₹188.50 ₹195.00 ₹64,99,66,200
Total 33,33,160 ₹10.00 ₹290.00 ₹300.00 ₹99,99,48,000

Historical Stock Returns for Krishival Foods

1 Day5 Days1 Month6 Months1 Year5 Years
-1.24%-2.81%-4.24%+20.34%+3.39%+822.40%

How will the suspension of trading for partly paid-up shares impact liquidity and investor sentiment during the payment window?

What is Krishival Foods' intended use of the approximately ₹65 crore raised through this First and Final Call?

How might the potential forfeiture of shares for non-payment affect the company's shareholding structure post-August 2026?

Krishival Foods approves Rs 15 crore guarantee for subsidiary

1 min read     Updated on 08 Jul 2026, 06:26 PM
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Reviewed by
Ashish TScanX News Team
AI Summary

Krishival Foods approved a Rs 15 crore corporate guarantee for NBFCs and financial institutions to facilitate lease buy-back facilities for its subsidiary, Melt N Mellow Foods Private Limited. The transaction, classified as a related party transaction, aims to support the subsidiary's business expansion in the ice cream and bakery sector. The subsidiary's turnover has grown from Rs 37.28 crore in FY24 to Rs 90.22 crore in FY26.

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Krishival Foods has approved a corporate guarantee of up to Rs 15 crore in favor of NBFCs and financial institutions to facilitate lease buy-back facilities for its subsidiary, Melt N Mellow Foods Private Limited. The guarantee will support the subsidiary in leasing deep freezers essential for its business operations. This decision was taken during a board meeting held on July 8, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The approved guarantee amount is Rs 15,00,00,000 (Rupees Fifteen Crore only). The transaction is classified as a related party transaction because Ms. Aparna Bangar, Promoter Director of Krishival Foods, is also a Director and Shareholder in Melt N Mellow Foods Private Limited. The tenure for the transaction is set within a period of 48 months or as per the understanding between the subsidiary and the equipment leasing company.

Melt N Mellow Foods Private Limited, acquired on September 16, 2024, operates in the ice cream, milk products, and bakery products sector. The subsidiary has reported a steady increase in turnover over the last three years. The corporate guarantee is intended to support the business expansion and operational requirements of the subsidiary without any immediate cash outflow from Krishival Foods, except in the event of invocation of the guarantee.

The following table outlines the key details of the approved corporate guarantee and the subsidiary's financial performance:

Particulars Details
Purpose Leasing of deep freezers
Beneficiary Melt N Mellow Foods Private Limited
Guarantee Amount Rs 15 crore
Tenure 48 months
Related Party Yes (Ms. Aparna Bangar)
Subsidiary Turnover (2025-26) Rs 90,22,03,793
Subsidiary Turnover (2024-25) Rs 49,93,63,931
Subsidiary Turnover (2023-24) Rs 37,28,05,408

The disclosure was signed by Rahul Gawande, Company Secretary and Compliance Officer, and submitted to the National Stock Exchange of India Limited and BSE Limited. The board meeting commenced at 02:00 PM and concluded at 04:15 PM on July 8, 2026.

Historical Stock Returns for Krishival Foods

1 Day5 Days1 Month6 Months1 Year5 Years
-1.24%-2.81%-4.24%+20.34%+3.39%+822.40%

How will the acquisition of deep freezers impact Melt N Mellow's distribution reach and market penetration over the next four years?

What is the projected ROI for the Rs 15 crore lease facility given the subsidiary's recent turnover growth trajectory?

Does Krishival Foods plan to provide similar corporate guarantees for future capital expenditures of other subsidiaries?

More News on Krishival Foods

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