Sarveshwar Foods committed to sustainable farming practices, has announced a pioneering initiative aimed at supporting farmers in the Jammu & Kashmir Union Territory through free distribution of certified Sona Masuri paddy seeds, known for their high quality and yield potential, to farmers across the region. Sarveshwar aims to empower the farming community by providing the seeds of export oriented rice varieties.Free distribution of certified seed of Sona Masuri paddy will be done at Sarveshwar procurement facilitation center under this program. This initiative reflects Sarveshwar Foods` dedication to empowering local farming communities and promoting agricultural development in the area.Powered by Capital Market - Live News

Sarveshwar Foods announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 16 March 2024 .Powered by Capital Market - Live News

The Board of Sarveshwar Foods at its meeting held on 22 February 2024 has approved fund raising via preferential issue of up to 10.20 crore fully convertible warrants of Re 1 each at a price of Rs 9.70 per warrant for a cash consideration of Rs 98.94 crore. The Board also approved fund raising via allotment of equity shares for an aggregate amount of Rs 100 crore by way of QIP`s, ADR, GDR, FCCB or any other method or combination thereof including series of Right Issue(s), each tranche not exceeding Rs. 50 crore. The Board has also approved to increase the authorised share capital from Rs 100 crore to Rs 120 crore. Powered by Capital Market - Live News

Sarveshwar Foods has revised the meeting of the Board of Directors which was scheduled to be held on 21 February 2024. The meeting will now be held on 22 February 2024.Powered by Capital Market - Live News

Net profit of Sarveshwar Foods rose 186.05% to Rs 4.92 crore in the quarter ended December 2023 as against Rs 1.72 crore during the previous quarter ended December 2022. Sales rose 24.72% to Rs 229.38 crore in the quarter ended December 2023 as against Rs 183.91 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales229.38183.91 25 OPM %7.152.99 - PBDT7.172.53 183 PBT6.912.20 214 NP4.921.72 186 Powered by Capital Market - Live News