Krishival Foods Limited Delays Rights Issue and Confirms Extra-Ordinary General Meeting Date

Krishival Foods Limited, a prominent player in the FMCG sector, recently held a board meeting on October 28, 2025. The meeting concluded with the decision to postpone its planned Rights Issue of partly paid-up equity shares. The delay, attributed to technical issues, is expected to be resolved within a month. Additionally, the company approved the Notice for an Extra-Ordinary General Meeting (EGM) set for November 21, 2025.

The board meeting commenced at 6:30 p.m. and wrapped up by 7:20 p.m. Mr. Rahul Gawande, serving as the Compliance Officer and Company Secretary for Krishival Foods Limited, signed off on the communication letter detailing these decisions.

During a previous meeting on October 27, 2025, Krishival Foods' Board of Directors had given the green light for issuing partially paid-up equity shares. These shares, with a face value of Rs 10 each, were intended to raise up to Rs 100 Cr through a rights issue available to eligible equity shareholders.

The company disclosed in a stock exchange filing that the Board or the Rights Issue Committee will finalise various aspects of the rights issue. This includes determining the issue price, rights entitlement ratio, record date, timing of the Rights Issue, terms of payment, and other related matters.

Krishival Foods' shares are listed on the NSE. According to Motilal Oswal, the company's market capitalisation stands at Rs 1,079.53 crore. It has a P/E ratio of 47 and a P/B ratio of 10. Over the last year, its share price reached a high of Rs 506.40 and dipped to Rs 355.

The company was initially established as Empyrean Cashews Private Limited on March 21, 2014. It transitioned to Krishival Foods Limited on January 20, 2023, after becoming a public entity on November 22, 2021.

Operational Footprint and Raw Material Sourcing

Under its brand "Krishival Cashews," the company operates in over 26 tier-II and tier-III cities across India. These include locations such as Gorakhpur in Uttar Pradesh, Mysuru in Karnataka, Jodhpur in Rajasthan, and Patna in Bihar.

Krishival Foods sources its raw cashew nuts from several countries in Africa and Asia. These include Benin, Indonesia, Guinea-Bissau, and regions within India like Konkan. The company's processing and packaging facilities are located in Village Halkarni and Village Shinoli in Maharashtra's Kolhapur region.

This strategic sourcing allows Krishival Foods to maintain a robust supply chain while catering to diverse markets across India.