Description

Krishival Foods Limited extends the closing date of its Rights Issue from January 5, 2026 to January 7, 2026 to provide eligible shareholders adequate opportunity during the holiday season.

Summary

Krishival Foods Limited (Scrip Code: 544416, Symbol: KRISHIVAL) has extended the closing date of its Rights Issue from January 5, 2026 to January 7, 2026. The Rights Issue Committee made this decision on January 2, 2026, considering the holiday season and to provide eligible shareholders adequate opportunity to exercise their rights. The Letter of Offer dated December 15, 2025 remains unchanged except for the closing date and resultant changes in the post-issue activity timeline.

Key Points

  • Rights Issue opened on December 26, 2025 as scheduled
  • Issue closing date extended by 2 days from January 5, 2026 to January 7, 2026
  • Extension decided by Rights Issue Committee meeting held on January 2, 2026
  • Reason for extension: holiday season and to provide adequate opportunity to eligible shareholders
  • Last date for submission of Common Application Form (CAF) with payment is now January 7, 2026
  • No changes to Letter of Offer (LOF) or CAF except closing date and subsequent timeline adjustments
  • Committee meeting commenced at 04:00 PM and concluded at 06:30 PM

Regulatory Changes

No regulatory changes introduced. This is a procedural extension of an existing Rights Issue timeline.

Compliance Requirements

  • Eligible equity shareholders must submit duly filled Common Application Form (CAF) along with payment by the revised closing date of January 7, 2026
  • Shareholders entitled to the Rights Issue should note the revised timeline for all related activities
  • On-market renunciation of rights entitlements remains unchanged (December 31, 2025)
  • Off-market transfer of rights entitlements deadline extended to January 6, 2026

Important Dates

Original vs Revised Schedule:

  • Issue Opening Date: Friday, December 26, 2025 (unchanged)
  • Last Date for On-Market Renunciation: Wednesday, December 31, 2025 (unchanged)
  • Last Date for Off-Market Transfer: Changed from January 2, 2026 to January 6, 2026
  • Issue Closing Date: Changed from January 5, 2026 to January 7, 2026
  • Basis of Allotment Finalization: Changed from January 6, 2026 to January 8, 2026
  • Date of Allotment: Changed from January 7, 2026 to January 8, 2026
  • Credit of Rights Equity Shares: Changed from January 7, 2026 to January 9, 2026
  • Date of Listing: Changed from January 7, 2026 to January 12, 2026

Impact Assessment

Market Impact: Medium - The extension provides existing shareholders additional time to participate in the Rights Issue, potentially increasing subscription rates. The 2-day extension during holiday season demonstrates management consideration for shareholder convenience.

Operational Impact: The extension delays the entire post-issue timeline by 2-3 business days, including allotment and listing dates. Companies and registrars need to adjust their operational schedules accordingly.

Shareholder Impact: Positive for shareholders who may have missed the original deadline due to holiday season. Provides additional opportunity to exercise rights and maintain proportional ownership in the company.

Impact Justification

Rights issue extension affects existing shareholders' timeline to exercise their rights. Medium impact as it provides additional time but doesn't change fundamental terms of the issue.