This company defers rights issue to raise fund, check share price and other details

Shares of fast moving consumer goods (FMCG) company Krishival Foods are in focus today as the company has informed exchanges that its board has deferred the decision to raise funds through rights issue sighting technical issues. “The Board of Directors of the Company (“Board”), have deemed it prudent and in the best interest of the Company to defer the Rights Issue due to certain technical issues, which is expected to be resolved within a month,” the filing reads.

Meanwhile, the company has also approved the increase in authorised share capital of the company from existing Rs 24,50,00,000 of Rs 10 per share to Rs 30,00,00,000. The firm also said that it has approved the notice for extra-ordinary meeting of the members that is scheduled to be held on November 21, 2205.

The counter opened in green at Rs 493 against the previous close of Rs 492.55 on the BSE. Later, it jumped to touch the high of Rs 494, a jump of 0.29 per cent or Rs 1.45 from the previous close. The market cap of the company stood at Rs 1,101.38.

On the National Stock Exchange (NSE), the stock started the trading session at Rs 493.35 and touched the high of Rs 494.80.

The 52-week high of the stock is Rs 508, hit on October 23, 2025, and a 52-week low of Rs 211.

Stock market benchmark indices Sensex and Nifty bounced back in early trade on Wednesday, tracking a rally in global peers, amid hopes of a rate cut by the US Federal Reserve and fresh foreign fund inflows.

The 30-share BSE Sensex climbed 287.94 points to 84,916.10 in early trade. The 50-share NSE Nifty went up by 86.65 points to 26,022.85.

From the Sensex firms, Asian Paints, Tata Steel, Trent, Larsen & Toubro, State Bank of India and Adani Ports were among the major gainers.

However, Mahindra & Mahindra, Bajaj Finance, Eternal and Axis Bank were among the laggards.

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