Krishival Foods Approves Rs 1 Billion Rights Issue for Fundraising
Krishival Foods Limited's Board of Directors has approved a rights issue to raise Rs 1 billion (₹10,000 lakhs) through partly paid-up equity shares. The issue is open to existing equity shareholders and is subject to necessary approvals. Key details such as issue price, rights entitlement ratio, record date, and timing are yet to be determined. The fundraising aims to provide additional capital for business operations and growth plans.

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Krishival Foods Limited , a company listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), has approved a significant fundraising plan to bolster its financial position. The company's Board of Directors has given the green light to a rights issue aimed at raising Rs 1 billion (₹10,000 lakhs) through partly paid-up equity shares.
Key Details of the Rights Issue
| Aspect | Details |
|---|---|
| Issue Type | Rights Issue |
| Maximum Fund Raise | ₹10,000.00 lakhs (Rs 1 billion) |
| Share Type | Partly paid-up equity shares |
| Face Value | ₹10.00 per share |
| Eligible Participants | Existing equity shareholders |
| Regulatory Approval | Subject to necessary approvals |
Purpose of Fundraising
The fundraising initiative is expected to provide Krishival Foods with additional capital for its business operations and growth plans. This move signals the company's proactive approach to securing resources for potential expansion or strengthening its market position.
Pending Determinations
Several crucial aspects of the rights issue are yet to be determined by the Board of Directors or a designated Rights Issue Committee, including:
- Issue price
- Rights entitlement ratio
- Record date
- Timing of the Rights Issue
- Terms of payment
These details will be finalized subject to regulatory approvals and in compliance with applicable laws, including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended.
Regulatory Compliance
The company has made this disclosure in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The approval of the fundraising plan through a rights issue demonstrates Krishival Foods Limited's commitment to exploring avenues for capital raising, potentially aimed at fueling growth initiatives or strengthening its balance sheet.
Shareholders and potential investors will be awaiting further details on the rights issue terms and the company's intended use of the proceeds. As the situation develops, more information is expected to be released regarding the specifics of the rights issue and its potential impact on the company's future strategies.
Historical Stock Returns for Krishival Foods
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.11% | -5.20% | -2.35% | +7.04% | +59.57% | +858.84% |

































