Sarveshwar Foods reports strong growth, strategic expansions, and capital changes
Sarveshwar Foods Limited reported a remarkable 31% increase in revenue, reaching ₹1136.229 crores for fiscal year 2024–2025, with profit after tax rising by 60% to ₹26.92 crores. During the year, the company made Natural Global Foods DMCC, a Dubai-based entity, a wholly owned subsidiary by acquiring 100% shareholding, enhancing international operations.
Further strengthening its capital structure, Sarveshwar Foods increased its authorized share capital from ₹1,20,00,00,000 to ₹1,60,00,00,000, divided into 160,00,00,000 equity shares of ₹1 each. A rights issue of 24,99,10,469 fully paid-up equity shares at an issue price of ₹6 per share (including a premium of ₹5 per share) was also approved, aiming to raise approximately ₹14,994.63 lakhs for working capital and general corporate purposes. The company also allotted fully convertible warrants, receiving 25% of the consideration upfront (₹24.73 crores).
Additionally, the company relocated its corporate office to Mumbai in December 2024 to enhance corporate presence and appointed Mansoor Khan as deputy ceo in March 2025 to strengthen its senior management team.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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