Sarveshwar Foods Limited , an agro and organic FMCG company with over 130 years of heritage, has announced a significant milestone in its international business expansion. The company has secured a ₹329 million export order from Singapore-based Monarda Commodities Pte. Ltd through its wholly owned subsidiary, Green Point Pte. Ltd, Singapore.

Export Order Details

The newly secured order comes on the heels of recently obtained international contracts of similar value and the successful completion of an oversubscribed ₹1,499.50 million Rights Issue. This series of developments underscores Sarveshwar Foods' growing presence in the global market and its ability to attract substantial investments.

Company Profile and Certifications

Sarveshwar Foods Limited boasts an impressive array of international certifications, highlighting its commitment to quality and compliance with global standards. These certifications include:

• ISO 22000:2018
• USFDA
• BRC
• Kosher
• NPPO USA & China
• NOP-USDA Organic

These certifications play a crucial role in establishing the company's credibility and opening doors to international markets.

Product Range and Operations

The company specializes in manufacturing, trading, processing, and marketing both branded and unbranded basmati and non-basmati rice. Its operations span across two key regions in India:

1. Jammu and Kashmir
2. Gujarat

This strategic presence allows Sarveshwar Foods to cater to both domestic and international markets effectively.

Management's Perspective

Seema Rani, Director of International Business at Sarveshwar Foods, expressed optimism about the new order. She stated that this development not only strengthens their international business but also reflects the confidence that global partners have in the company's quality and reliability.

Recent Financial Activities

The company has been actively expanding its financial and business horizons. Key recent activities include:

1. Securing ₹329.00 million in international contracts
2. Completing an oversubscribed Rights Issue worth ₹1,499.50 million

These financial moves, coupled with the new export order, indicate a robust growth trajectory for Sarveshwar Foods Limited in the international market.

The latest export order from Monarda Commodities Pte. Ltd represents a significant step forward in Sarveshwar Foods' global expansion strategy, reinforcing its position as a key player in the agro and organic FMCG sector.

Sarveshwar Foods , a prominent player in the food industry, recently announced a rights issue and reported significant changes to its shareholding structure, including alterations in the ownership stake of its promoter, Rohit Gupta.

Rights Issue Details

Sarveshwar Foods Limited has announced a rights issue of up to 24,99,10,469 equity shares at ₹6.00 per share, including a premium of ₹5.00 per equity share. The issue is being offered to existing shareholders in the ratio of 12 rights equity shares for every 47 shares held. The record date for the rights issue was August 22.

The company has published the post-issue advertisement dated September 17 in multiple newspapers including Financial Express, Janasatta, Daily Taskeen, and Daily Roshni across English, Hindi, and Urdu editions. The advertisement provides details about subscription, basis of allotment, and other procedural information related to the rights issue.

Shareholding Changes

According to the disclosure made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Rohit Gupta's shareholding underwent the following changes:

Impact of Rights Issue

The rights issue has led to a dilution in Gupta's percentage holding, despite no change in his absolute number of shares. This reduction is attributed to the increase in the company's total equity share capital, which expanded from 97,88,16,000 shares to 1,22,87,26,469 shares, all with a face value of ₹1.00 each.

Key Points

• Rohit Gupta's shareholding decreased from 51.39% to 40.93% due to dilution.
• The absolute number of shares held by Gupta remained constant at 50,30,37,872.
• Sarveshwar Foods' total equity share capital increased by 25,09,10,469 shares.

Regulatory Compliance

The disclosure was made to both the National Stock Exchange of India Limited and BSE Limited in compliance with SEBI regulations.

This development marks a significant change in the ownership structure of Sarveshwar Foods, potentially impacting the company's governance and decision-making processes.