Penny Stock Under Rs 10: Company to Raise Funds via Rights Issue or Any Other Mode

DSIJ Intelligence-1 / 07 Aug 2025/ Categories: Multibaggers, Penny Stocks, Trending

Penny Stock Under Rs 10: Company to Raise Funds via Rights Issue or Any Other Mode

The stock is up by 45 per cent from its 52-week low of Rs 5.63 per share and has given multibagger returns of 2,175 per cent in 5 years.

On Thursday, shares of Sarveshwar Foods Ltd plunged 0.24 per cent to Rs 8.19 per share from its previous closing of Rs 8.21 per share. The stock’s 52-week high is Rs 12.28 per share and its 52-week low is Rs 5.63 per share.

Sarveshwar Foods Limited (SFL) informed that a meeting of the Board of Directors of the Company is scheduled to be held on Monday, August 11, 2025, to inter alia, consider and approve: -

  1. The proposal for raising funds by issue of equity shares and/or convertible securities or any other securities of the company through rights issue and/or preferential issue and/or qualified institutions placement as may be permitted under applicable law, subject to receipt of regulatory/statutory approvals, as may be required.
  2. To consider the appointment of Mr. Anand Sharda, a Chartered Accountant by profession, as the Chief Financial Officer (CFO) of the Company. Mr. Sharda brings with him over 19 years of extensive experience in financial management, strategic planning and corporate finance. He has previously held key positions in reputed organisations such as Parag Milk Foods Limited, RBL Bank Limited, DCB Bank Limited and Publicis Groupe, among others. His deep financial expertise is expected to play a pivotal role in driving the Company’s financial stability and strategic growth initiatives.
  3. To consider, approve and take on record the Unaudited Standalone and consolidated Financial Results of the Company for the quarter ended June 30, 2025 and other agenda matters.

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About the Company

Sarveshwar Foods Limited (SFL), an ISO and USFDA-certified company with additional global food safety accreditations, specialises in manufacturing, trading, processing and marketing branded and unbranded basmati and non-basmati rice. Operating from Jammu and Kashmir and Gujarat, SFL boasts a 130-year legacy and has expanded into other FMCG and organic products under the "NIMBARK" brand, sourced from the organic-rich Himalayan foothills. SFL utilises a diverse sales strategy encompassing conventional channels, proprietary retail outlets and e-commerce platforms and is notably the first private sector food company from Jammu & Kashmir to be listed on the NSE and BSE.

For the financial year ended March 31, 2025, the company reported revenue from operations at Rs 1136.23 crore, marking a 31 per cent year-over-year increase. EBITDA grew by 23 per cent to Rs 77.32 crore and Profit after Tax saw a substantial 60 per cent rise to Rs 26.92 crore. In the fourth quarter of fiscal year 2025, total revenue reached Rs 349.72 crore, up 41 per cent year-over-year. EBITDA for the quarter was Rs 19.55 crore, an increase of 15 per cent and Profit after Tax more than doubled, surging by 108 per cent to Rs 8.61 crore.

The company has a market cap of over Rs 790 crore and has delivered good profit growth of 36.3 per cent CAGR over the last 5 years. The stock is up by 45 per cent from its 52-week low of Rs 5.63 per share and has given multibagger returns of 2,175 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.