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.

Onelife Capital Advisors Limited acquired 16 lakh equity shares of Swojas Foods on August 26, 2026, while simultaneously disposing of 16 lakh warrants held in the company.

The transaction was disclosed pursuant to Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Onelife is not part of the promoter or promoter group of the target company.

Shareholding Structure

Before this acquisition, Onelife held 32,16,162 equity shares, representing 7.27% of the total share capital and 5.65% of the diluted share capital. The firm also held 67,83,838 warrants, which accounted for 11.91% of the total diluted voting rights.

The acquisition of 16 lakh shares increased Onelife’s direct equity holding by 3.49% of the total share capital. Conversely, the disposal of 16 lakh warrants reduced its warrant-based exposure by 2.81% of the total diluted capital.

What the Numbers Show

The net change in Onelife’s total diluted voting power remains zero. By swapping warrants for underlying equity shares, the investor has converted contingent voting rights into actual equity ownership without altering its overall economic interest or control threshold in Swojas Foods.