Krishival Foods Limited, an emerging dairy and food processing company in India, saw its stock hit the upper circuit on May 6, 2025, after announcing its plan to migrate from NSE SME to mainboard listings on both NSE and BSE. The Maharashtra-based firm is seeking shareholder approval through a postal ballot.
Krishival Foods Limited, a fast-growing player in India’s dairy and food processing industry, saw its stock price surge and hit the upper circuit on the National Stock Exchange (NSE) SME platform after announcing key decisions from its board meeting. The Maharashtra-based company’s stock rose 5% during intraday trading following the announcement of its proposed migration from the NSE SME platform to the mainboards of both NSE and BSE.
According to an official exchange filing on May 6, 2025, the Board of Directors approved a resolution to migrate its equity shares to the NSE Mainboard under SEBI’s Chapter IX provisions. Additionally, it also approved a direct listing proposal on the mainboard of BSE Limited. Krishival Foods confirmed it would soon seek shareholder approval via a postal ballot and disclose further details on the process and timelines.
The announcement had an immediate impact on investor sentiment. Krishival Foods’ share price opened at ₹245, a gain of nearly 2.5% from the previous close of ₹239. The stock then rallied to ₹250.95 during intraday trade, which marked a 5% increase—the upper limit for the day—resulting in the stock being locked in the buyers’ circuit.
Krishival Foods’ strong price action reflects investor optimism about the company’s growth strategy and its transition to broader market platforms that offer increased liquidity, visibility, and investor participation.
