New Delhi, May 21 -- Sarveshwar Foods share price fell over 1.25 per cent in Wednesday's trading session after the company announced that board has approved increase in authorised capital from Rs.120 crore to Rs.160 crore.

At 12:35 pm, Sarveshwar Foods share price was trading at Rs.7.09 apiece on National Stock Exchange (NSE).

" Approved increase in Authorised Capital of the Company from Rs.120,00,00,000(Rupees one Hundred and Twenty Crores only) consisting of 120,00,00,000 Equity shares of Re.1/- each to Rs.160,00,00,000(Rupees One Hundred consisting of 160,00,00,000 (One Hundred and Sixty Crores only) to member's approval," the company said in an exchange filing.

However, the decision is contingent upon approval from the company's me...