Krishival Foods544416Routine SEBI update

Third Monitoring Agency Report on rights issue proceeds; no deviation from objects

Krishival Foods has submitted the third Monitoring Agency Report by Brickwork Ratings for the quarter ended September 30, 2026, on the use of money raised from its rights issue.

By ScoutQuest · Wed 4 Nov 2026, 6:06 PM IST · 2 min read

Deviation From Issue Objects: No
Rights Issue Size: 33,33,160 equity shares at 300 each, totalling Rs.99.99 Crore
Amount Received (as of September 30, 2026): Rs. 89.05 crore against the proposed Rs.99.99 Crore

What the update covers

Krishival Foods Ltd has submitted the third Monitoring Agency Report prepared by Brickwork Ratings India Private Limited for the quarter ended September 30, 2026. The report relates to the utilisation of funds raised through the company's rights issue of equity shares. A monitoring agency is appointed for an issue to keep a quarterly check on whether the money collected is being used for the purposes stated at the time of the issue.

The headline finding

Deviation from the objects of the issue: No
Range of deviation: Not Applicable

In simple terms, the monitoring agency has reported that the use of the rights issue money is in line with the stated objects.

Issue and money collected

The rights issue was of 33,33,160 equity shares at a price of 300 each.
Value as per the offer document: Rs.99.99 Crore.
Amount received as of September 30, 2026: Rs. 89.05 crore against the proposed Rs.99.99 Crore.
Issue period: 26 December 2025 to 07 January 2026.
Issuer's sector: FMCG.

The two figures to read together

The report compares what the issue set out to raise with what has actually come in. The amount received of Rs. 89.05 crore is stated against the proposed Rs.99.99 Crore as of September 30, 2026. Readers can track this number across the next quarterly monitoring reports.

What the monitoring agency itself says

Brickwork Ratings states the report is based on the format prescribed under the SEBI (ICDR) Regulations, 2018 and gives a true and fair view of the utilisation of the issue proceeds, based on information provided by the issuer and information obtained from sources it believes accurate and reliable.
It also states that the monitoring agency does not perform an audit and does not independently verify the information, certifications or statements it receives, and that the report does not create legally binding obligations on it.
The agency confirms it has no direct or indirect interest in, or relationship with, the issuer, promoters, directors or management that would amount to a conflict of interest.
The report notes that certain sections titled "Comments of the Board of Directors" are to be filled in by the issuer's management and have not been reviewed by the monitoring agency.

The parties named

Monitoring agency: Brickwork Ratings India Private Limited.
Promoters listed: Ms. Aparna Sujit Bangar, Mr. Nana Prakash Mhaske and Mr. Anant P Kulkarni.
The agency's letter is addressed to the Chief Financial Officer, Mr. Anant P Kulkarni, and is signed by Mr Niraj Kumar Rathi, Senior Director, Ratings.

How to read this

This is a periodic compliance report rather than a fresh business event. The central takeaway is the monitoring agency's statement of no deviation from the objects of the issue, alongside the gap between the proposed issue size of Rs.99.99 Crore and the Rs. 89.05 crore shown as received as of September 30, 2026.

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