Sarveshwar Foods Limited has confirmed there is no deviation or variation in the use of funds raised through its Rights Issue for the quarter ended March 31, 2026. The company raised ₹149.95 crore on September 17, 2025, and has utilized ₹139.75 crore towards the stated objects as of the reporting quarter. The Audit Committee reviewed the nil statement of deviation, confirming compliance with Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The funds were raised to augment the existing and incremental working capital requirement of the company and for general corporate purposes. During the quarter ended March 31, 2026, the company utilized ₹18.13 crore. Infomerics Valuation and Rating Limited acted as the monitoring agency for the fund-raising exercise.

The company provided a detailed breakdown of the fund allocation and utilization in its filing. The table below outlines the original allocation, modified allocation, and funds utilized during the quarter.

Note 1: The Company has received ₹149.95 Crores towards Rights issue out of which ₹139.75 crore has been utilized till quarter ended March 31, 2026 towards the Objects as stated in Letter of Offer dated August 21, 2025.

Sadhvi Sharma, Company Secretary & Compliance Officer, signed the statement on behalf of Sarveshwar Foods Limited. The filing was submitted to the National Stock Exchange of India Limited and BSE Limited on June 05, 2026.

Sarveshwar Foods Limited has confirmed full compliance with the Securities and Exchange Board of India (SEBI) regulations for the financial year ended March 31, 2026, subject to specific observations regarding procedural delays. The disclosure was made in the Annual Secretarial Compliance Report filed with the National Stock Exchange of India Limited and BSE Limited on May 30, 2026. The report, issued by practicing company secretary M/s Jaspreet Dhawan & Associates, serves as a mandatory certification under Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Compliance Status and Observations

The audit confirmed that the listed entity complied with the provisions of the SEBI Act, 1992, the Securities Contracts (Regulation) Act, 1956, and various other regulations including those concerning insider trading, fraudulent trade practices, and disclosures. While the report affirmed that no actions were taken against the company or its promoters by SEBI or stock exchanges, it highlighted specific areas where procedural lapses occurred.

Procedural Lapses and Rectifications

The practicing company secretary noted that while the company submitted its financial results within the prescribed timeline, certain details were initially incomplete. Consequently, the complete financial results were submitted to the stock exchanges later, beyond the stipulated time limit. Additionally, regarding the Prohibition of Insider Trading Regulations, 2015, the report observed that the company could not make certain entries in the Structured Digital Database (SDD) in some instances due to technical issues affecting the system.

The report also verified that the company has not received any resignations from statutory auditors during the review period and that all applicable policies under SEBI regulations have been adopted and updated with the approval of the Board of Directors. The company confirmed that no additional non-compliances were observed other than those reported.