In the Indian stock market, some updates quietly shape the mood of the day.
Krishival Foods, a small-cap stock that’s been on traders’ radar, made one such move as it announced a key shift in its fundraising plans. And because this smallcap multibagger stock has already delivered strong returns in recent months, the market naturally paid attention to the latest development.
The update came through an exchange filing, where the company clarified its next steps on the rights issue and the expansion of its authorised share capital.
Market Performance: Small-Cap Stock Holds Steady
The broader Indian stock market stayed stable, and within this steady tone, Krishival Foods shares inched up marginally.
Krishival Foods share price today moved 0.49% higher, settling at ₹493.35. For a stock that has already turned into a smallcap multibagger stock with a 106% jump in six months and 393% in five years, even a quiet move tends to draw interest.
Investors mainly tracked the company’s corporate update instead of price action, making the news the focus of the day.
Main News: Rights Issue Deferred Due to Technical Reasons
The company stated that it has decided to defer its planned rights issue because of certain technical issues.
According to the filing, these issues are expected to be resolved within a month.
Even though the rights issue has been pushed ahead, the company emphasised that the decision was taken in the interest of the organisation, ensuring that the process remains smooth and compliant once it resumes.
Company Details: Capital Expansion and Fundraising Plan
Along with the update on the rights issue, Krishival Foods also announced a significant change in its authorised share capital.
Here’s the structured breakdown of the company’s key decisions:
Authorised Share Capital Increase
- Previous authorised capital: ₹24,50,00,000
- New authorised capital: ₹30,00,00,000
- Structure revised from 2,45,00,000 equity shares to 3,00,00,000 equity shares, each of ₹10 face value
- Amendment made to the capital clause (MOA), subject to shareholder approval in an upcoming Extraordinary General Meeting
Rights Issue Structure (As per filing)
- Fundraising proposed through partly paid-up equity shares
- Face value: ₹10 per share
- Total amount: Not exceeding ₹100 crore (₹10,000 lakh)
- Rights issue committee will finalise specific terms and conditions
Krishival Foods Share Price Today
In day-to-day movement, Krishival Foods share price showed limited volatility.
The small-cap stock ticked up 0.49%, closing around ₹493.35.
Given the strong performance in recent months—where this smallcap multibagger stock doubled investor wealth—the focus remained on the company update rather than sharp price swings.
Summary: Krishival Foods Resets Timeline, Moves Ahead With Capital Expansion
Krishival Foods, one of the actively tracked small-cap stocks in the Indian stock market, deferred its rights issue due to technical reasons but simultaneously moved forward on expanding its authorised share capital to ₹30 crore.
The company also reiterated its plan to raise up to ₹100 crore through partly paid-up equity shares once the technical aspects are cleared.
With Krishival Foods share price today showing a mild uptick, the spotlight remained firmly on the company’s corporate announcement and the structural changes approved at the board level.
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