Sarveshwar Foods’ rights issue oversubscribed by 1.35 times

Sarveshwar Foods Limited announced the successful closure of its rights issue on September 16, 2025, receiving an overwhelming response with a 1.35 times oversubscription. The issue aimed to raise ₹149.95 crores through 24,99,10,469 fully paid-up equity shares, but ultimately received subscriptions for 33,85,67,058 shares. Each equity share was priced at ₹6, comprising a face value of ₹1 and a premium of ₹5.

The rights issue, launched on September 02, 2025, was offered to eligible equity shareholders in a ratio of 12 rights equity shares for every 47 fully paid-up equity shares held as of the record date, August 22, 2025. The funds raised are earmarked to augment the company's existing and incremental working capital requirements, as well as for general corporate purposes.

Allotment and listing formalities for the new shares on the BSE and NSE are anticipated to be completed by September 19, 2025. Rohit Gupta, chairman of Sarveshwar Foods Limited, expressed gratitude to shareholders for their participation, highlighting it as a proud landmark for the company.