Krishival Foods Completes Conversion of 5.5 Lakh Partly Paid Shares

5,51,289 equity shares converted to fully paid-up status; Rs 10.75 crore received in call money.

Reader Takeaway: Conversion reduces rights issue outstanding capital; remaining 9,751 partly paid shares face future recovery reminders.

What just happened

Krishival Foods Ltd has officially converted 5,51,289 partly paid-up equity shares into fully paid-up equity shares. This follows a decision by the company’s Rights Issue Committee on October 17, 2026. The company successfully collected Rs 10.75 crore from shareholders as part of the First and Final Call process. These shares, which previously held a paid-up value of Rs 6.50, now carry the full face value of Rs 10.

Why this matters

This move simplifies the company’s capital structure and marks significant progress in the settlement of its rights issue. With this conversion, the total number of fully paid-up equity shares rises to 2,56,18,550. For shareholders, this represents a reduction in outstanding obligations and clarifies the equity base. The company has successfully processed a majority of the shares, significantly narrowing the gap on the original rights issue offering.

Future Actions

There remain 9,751 partly paid-up equity shares for which the First and Final Call has not yet been received. The company confirmed it will issue reminder notices for these outstanding shares. Future steps will be governed by the company’s Articles of Association and the original Letter of Offer, subject to board oversight.

What to track next

Investors should monitor official notices regarding the remaining 9,751 partly paid shares. Further, shareholders should watch for exchange updates regarding the listing and trading permissions for these newly converted fully paid-up shares, following the precedent set by the August 2026 tranche.