Swojas Foods Limited saw a significant shift in its shareholder structure after Onelife Capital Advisors Limited converted 24.25 lakh equity share warrants into equity shares on September 24, 2026. This transaction increased Onelife's direct voting rights holding to 15% of the company's total share capital.

The disclosure, filed with the BSE under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, details the allotment of shares upon the conversion of an equal number of equity share warrants. Prior to this transaction, Onelife held 48.16 lakh shares representing 10.50% of the voting capital, alongside 51.83 lakh warrants.

Post-conversion holdings

Following the conversion, Onelife's total holding of shares carrying voting rights rose to 72.41 lakh shares. The number of outstanding warrants decreased to 27.58 lakh. The total diluted share capital holding remained constant at 17.56%, reflecting a swap from convertible instruments to direct equity ownership.

Share capital impact

The conversion resulted in an increase in Swojas Foods' paid-up equity share capital. The total equity share capital before the acquisition stood at 4.58 crore equity shares of ₹10 each. After the allotment of 24.25 lakh new shares, the total equity share capital increased to 4.82 crore equity shares of ₹10 each.

The total diluted share capital, which assumes full conversion of all outstanding warrants, remains at 5.69 crore equity shares of ₹10 each. Onelife Capital Advisors Limited is not part of the promoter or promoter group of Swojas Foods.

Swojas Foods Limited has confirmed the voting results from its 12th annual general meeting held on September 11, 2026. Shareholders overwhelmingly approved key financial resolutions, including enhanced borrowing powers and investment limits, with over 99% support across all agenda items.

The meeting was conducted via video conferencing or other audio-visual means (VC/OAVM). Mr. Parthrajsinh Harshadsinh Rana, Chairman cum Managing Director and CFO, chaired the proceedings. The Company Secretary, Mr. Yusuf Rupawala, outlined key developments during FY25-26.

Voting Results Overview

The scrutinizer’s report filed with the Bombay Stock Exchange confirms that all five resolutions were passed. Remote e-voting was facilitated via the PURVA platform between September 8 and September 10, 2026.

As on the cut-off date of September 4, 2026, the company had 8,742 members. Of these, 675,326 votes were polled, representing 1.52% of outstanding shares. Institutional investors did not participate in the voting process.

Resolutions Passed

Shareholders approved three special resolutions regarding financial flexibility and two ordinary resolutions for routine business matters:

• Borrowing Powers: Approval to set borrowing limits under Section 180(1)(C) of the Companies Act, 2013 up to ₹30 crore.
• Creation of Charges: Permission to create charges, mortgages, and hypothecation on properties under Section 180(1)(A) up to ₹30 crore.
• Investments and Loans: Authorization to make investments, provide loans, and give guarantees exceeding Section 186 limits up to ₹30 crore.
• Financial Statements: Adoption of audited financial statements for the year ended March 31, 2026.
• Director Re-appointment: Re-appointment of Mr. Pallav Pareshkumar Dave as a director.

What the Numbers Show

Promoter participation was absolute, with the promoter group holding 201,650 shares casting 100% of their votes in favor of all resolutions. This contrasts sharply with public non-institutional participation, where only 1.08% of shares were voted, though those votes were nearly unanimous (99.99% in favor). The absence of institutional voting suggests limited active engagement from this segment during the remote e-voting window.