Sarveshwar Foods Limited has completed the allotment of 2,00,000 equity shares following the conversion of warrants on January 21, 2026. The Board of Directors approved the allotment through a circular resolution, marking a significant step in the company's capital expansion strategy.

Warrant Conversion Details

The equity shares were allotted at an issue price of ₹9.70 per share, with each share having a face value of ₹1.00. The conversion process involved the receipt of ₹14.55 lakh from the warrant holder, representing the balance 75% payment required for conversion.

Allottee Information

The entire allotment was made to Mr. Rajat Mengi under the public category. Prior to this allotment, Mr. Mengi held no equity shares in the company. Post-conversion, he now holds 2,00,000 equity shares, representing a 0.016% stake in Sarveshwar Foods Limited.

Impact on Share Capital

Following this allotment, Sarveshwar Foods Limited's paid-up equity share capital has increased to ₹122.89 crore, comprising 122,89,26,469 equity shares of ₹1.00 face value each. The newly allotted shares rank pari-passu with existing equity shares in all respects from the date of allotment.

Original Warrant Issue Background

The warrants were originally allotted on July 25, 2024, totaling 10,20,00,000 warrants at an issue price of ₹9.70 each. These warrants were convertible into equity shares within 18 months from the allotment date. The warrant holders had initially paid 25% of the issue price (₹2.43 per warrant) at the time of subscription, with the remaining 75% payable upon conversion.

The conversion process allows warrant holders to exercise their rights in one or more tranches during the 18-month period. Any unexercised warrants will lapse after this period, with the amounts paid by warrant holders being forfeited by the company. The current conversion represents a partial exercise of the total warrants issued, with the company maintaining its promoter and non-promoter shareholding at 40.96% and 59.04% respectively.

Sarveshwar Foods Limited has announced a significant partnership with JKH PMC through a Memorandum of Understanding for the development of Basmati Rice Clusters in the Jammu region. The agreement, disclosed under Regulation 30 of SEBI regulations, represents a major initiative worth ₹197.29 crores under the Horticulture and Agriculture Development Programme (HADP).

Strategic Partnership Details

The MoU establishes a comprehensive framework for transforming the basmati value chain in Jammu and Kashmir. The programme focuses on leveraging the geographical specialization of agriculture and allied sector clusters to promote integrated and market-led development.

Programme Structure and Objectives

The development programme is structured around three key verticals designed to create a comprehensive basmati rice ecosystem:

• Pre-production and production: Focusing on upstream activities in the basmati rice value chain
• Post-harvest management and value addition: Emphasizing downstream processing and enhancement activities

The initiative aims to promote integrated and market-led development by utilizing the region's natural advantages in basmati rice cultivation.

Regulatory Compliance

Sarveshwar Foods Limited has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015. The company filed the necessary documentation with both the National Stock Exchange of India Limited and BSE Limited on January 20, 2026.

Company Information

Sarveshwar Foods Limited, incorporated under CIN L15312JK2004PLC002444, operates from its registered office at Sarveshwar House, Below Gumat, Jammu. The company specializes in food processing with a focus on Himalayan food products, as indicated by its branding as "Sattvic Himalayan Food."