• Source:JND
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Packaged food company Krishival Foods is set to migrate its equity shares from the NSE Emerge platform (SME segment) to the mainboard of the National Stock Exchange (NSE), the company announced in a regulatory filing on Tuesday, May 6, 2025. The proposal, which has been approved by the board of directors, will now be sent to shareholders for approval via postal ballot.

Krishival Foods' stock jumped 5% after the announcement, reaching the upper circuit limit on Tuesday. The stock reached an intraday high of Rs 250.95 after opening at Rs 245, up from its previous close of Rs 239. The stock has a 52-week high of Rs 332.95 and a low of Rs 211.

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According to Krishival Foods' exchange filing, the company's equity shares will be listed and traded on the Main Board of the NSE instead of the NSE EMERGE (SME Platform) in accordance with the guidelines outlined in Chapter IX of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (the "SEBI ICDR Regulations"), subject to the required approvals. Subject to the necessary clearances, the company also stated that it is thinking about a direct listing on the BSE Limited mainboard.

Mainboard migration, which provides increased visibility, liquidity, and access to a larger pool of investors, is generally regarded as an indication of improved financial performance and operational maturity.

However, cautious trading ahead of the US Federal Reserve's policy decision and geopolitical concerns following the April 22 terror attack in Pahalgam kept the broader market under pressure.

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