EGM Proceedings: FMCG Stock Secures Shareholder Support For Special Business

Despite the lackluster sentiment prevailing on Dalal Street, Krishival Foods Ltd managed to post a modest gain during morning trades on Friday. On the BSE, the stock opened at Rs 404, which is a 1% increase from its prior closing price of Rs 400.40. Moreover, it maintained this positive trajectory, reaching an intraday high of Rs 40,9 which represents a gain of more than 2% while benchmark indices remained unchanged.

The stock has retraced closer to its 52 week high at Rs 435.50 reached on June 23,2025, suggesting persistent demand for the small-cap company among the investors.

In advance of the Extraordinary General Meeting (EGM) held on Thursday, June 26, 2025., speculation led to significant buying pressure in Krishival Foods' stock. Trading activity also revealed strong support as well as stiff selling resistance levels ahead of Rs 375 and Rs 425. Moreover, the company announced that its trading blackout for designated employees would commence from July 1, 2025 until the release of the financial results statement for Q1 of FY26.

As of June 20, 2025, the company's equity shares were moved to "T" Group Securities section on the BSE. Under this category, shares can only be traded on a delivery basis, which prevents day trading and promotes stable pricing.

With regard to company actions, Krishival Foods is moving its equity shares from NSE EMERGE (SME Platform) to the Main Board of NSE in compliance with SEBI guidelines. They will initiate a postal ballot for shareholder approval for the migration. Furthermore, they have also suggested a direct listing on BSE Limited's Main Board pending required approvals. To guarantee unbiased handling of the postal ballot process MNB & Co., Practising Company Secretaries has been appointed as scrutinizer.

Established in 2014, Krishival Foods has successfully gained presence and recognition in the processed nuts and dry fruits industry with its brand Krishival Nuts. The company's product offerings include cashews, almonds, pistachios, and dried figs, as well as combo packs. In addition to maintaining a strong market presence across 64 tier II and III cities, the company is also further expanding its reach. From strategically acquiring 52.94 per cent of Melt 'N' Mellow Foods Private Limited, the company now has access to prominent brands and a vast distribution network, which aids in their diversification into the food and beverage industry.

As the company moves forward with listing on main stock boards while showcasing new product lines, there continues to be positive investor sentiment towards Krishival Foods further reflected in growing stock prices climbing near yearly highs.