DIIs Bought 3,74,000 Shares: Food Products Company’s Stock in Green as It Approves Migrating from NSE Emerge (SME Platform) to Main Board
The stock is up by 16 per cent from its 52-week low of Rs 211 per share.
On Tuesday, shares of Krishival Foods Limited jumped 2.51 per cent to Rs 245 per share from its previous closing of Rs 239 per share.
Krishival Foods Limited, at its meeting, inter alia, considered and approved the following:
- Migration of listing/trading of equity shares of the Company from NSE EMERGE (SME Platform) to Main Board of NSE according to provisions laid down in Chapter IX of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and subject to necessary approvals.
- In connection with the above, the Company would seek the requisite approval from its shareholders through a postal ballot. The process, timelines and other requisite details with regard to the postal ballot will be communicated in due course.
- Appointment of M/s. MNB & Co. LLP, Practising Company Secretaries as Scrutinizer to scrutinise the postal ballot process fairly and transparently and to issue the scrutinizer’s report.
- The proposal for the Direct Listing of Equity Shares of the Company on the Main Board of BSE Limited is subject to requisite approvals.
About the Company
Krishival Foods Ltd., established in 2014, is a prominent player in the processed nuts and dry fruits industry. The company transforms raw nuts and dried fruits into flavourful, packaged products marketed under Krishival Nuts. Their product range includes cashews, almonds, pistachios, dry figs, and combo packs, which are widely available across 64 tier II and tier III cities in India. The company acquired a significant 52.94 per cent stake in Melt ‘N ’Mellow Foods Private Limited. This acquisition will allow Krishival Foods to diversify its portfolio and enter the growing food and beverage sector, gaining access to established brands and a strong distribution network.
The company has a market cap of over Rs 500 crore with a PE of 42x, an ROE of 10 per cent and an ROCE of 13 per cent. The stock is up by 16 per cent from its 52-week low of Rs 211 per share. DIIs bought 3,74,000 shares or 1.68 per cent stake in the company as of March 2025.
Disclaimer: The article is for informational purposes only and not investment advice.
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