Krishival Foods Limited converts partly paid-up equity shares after receiving First and Final Call payment
Krishival Foods Limited announced that its Rights Issue Committee has approved the conversion of a significant number of partly paid-up equity shares into fully paid-up equity shares, following the receipt of the First and Final Call installment from eligible shareholders.The company confirmed that an aggregate amount of ₹ 54,05,65,935/- was received against the First and Final Call for 27,72,120 partly paid-up equity shares.
In light of this payment, the Board of Directors approved the conversion of these shares, which had a face value of ₹ 10 each (paid-up value of ₹ 6.50 each). The conversion involves changing the status of these shares from those bearing ISIN IN90GGO01013 to fully paid-up equity shares under ISIN INE0GGO01015.
The converted shares are now considered pari passu with all existing fully paid-up equity shares and will be available for trading on stock exchanges upon completion of necessary formalities.
Post-Conversion Shareholding Details
Following the conversion, the company's capital structure has been updated:| Metric | Details |
|---|---|
| Total Paid-up Equity Capital (Increased to) | ₹ 25,06,72,610 |
| Fully Paid-up Shares Issued | 2,50,67,261 shares of ₹ 10 each |
| Partly Paid-up Shares Remaining | 5,61,040 shares of ₹ 10 each (paid-up value ₹ 6.50) |
The company noted that there remain 5,61,040 partly paid-up equity shares on which the First and Final Call remains unpaid. Management stated that the company will issue reminder notice(s) in due course regarding these remaining shares, subject to Board/Rights Issue Committee approval.
KRISHIVAL Stock Price Movement
Krishival Foods Limited shares today gained 1.02% to settle at ₹387.75, reflecting positive movement in the fast-moving consumer goods sector. The stock traded within an intraday range of a low of ₹387.00 and a high of ₹392.50, with a total volume of 2,269 shares recorded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.