Krishival Foods utilized Rs 8904.92 crore rights issue funds for expansion and working capital Back
<p>Krishival Foods Limited reported no deviation or variation in the utilization of funds raised through a rights issue during the quarter ended September 30, 2026. The company raised a total of Rs 8904.92 crore through the rights issue, with Rs 3499.29 crore raised on application and Rs 5405.63 crore raised on the first and final call. Funds were utilized for part-funding capital expenditure for a processing and packaging unit in Kolhapur, Maharashtra, part-funding working capital requirements, general corporate purposes, and issue expenses, with Brickwork Ratings India Private Limited serving as the monitoring agency.</p>