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As on : 04-Nov-2026
Corporate News
04-Nov-2026      23:17


Krishival Foods confirms no deviation in Rs 8904.92 crore rights issue fund utilization

Krishival Foods Limited informed the National Stock Exchange of India Limited and BSE Limited that there was no deviation or variation in the utilization of funds raised through a rights issue, as per a filing on November 4, 2026. The company raised a total of Rs 8904.92 crore through the rights issue on January 20, 2026, and August 19, 2026, and utilized Rs 2500.00 lakh for part-funding capital expenditure, Rs 5000.00 lakh for working capital requirements, and Rs 2127.00 lakh for general corporate purposes. The company also noted that the Rights Issue Committee approved the utilization of Rs 25 crore from the rights issue proceeds to provide a loan to its subsidiary, Melt ā€˜N’ Mellow Foods Private Limited, for cold chain infrastructure.

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