Sarveshwar Foods Ltd board to consider fund raising on Dec 16, 2022

A meeting of the Board of Directors of SARVESHWAR FOODS LIMITED is scheduled to be held on 16th day, December, 2022, to augment the financial resources of the Company via funds raising by way of issue of equity shares / convertible instruments / other securities through preferential allotment, right issue, QIP's, ADR, GDR, FCCB or any other method or combination thereof, in one or more trenches.

The board will consider proposal to appoint requisite professionals, experts, merchant bankers, legal advisors and other intermediaries for fund raising.

The board will consider increasing the Authorized Share Capital of the Company and consequent amendments in Capital Clause of the Memorandum of Association and to seek members requisite approval by convening an Extra Ordinary General Meeting/ through Postal Ballot, approve draft notice thereof and other matters connected therewith and/or incidental thereto.

The board will also consider any other matter, with the permission of the Chair.

Shares of Sarveshwar Foods Limited was last trading in BSE at Rs. 92.30 as compared to the previous close of Rs. 88.10. The total number of shares traded during the day was 27801 in over 825 trades.

The stock hit an intraday high of Rs. 95.60 and intraday low of 90.70. The net turnover during the day was Rs. 2573854.00.

Source : Equity Bulls

Keywords

SarveshwarFoods INE324X01018 FundRaising Equity ConvertibelInstruments