Swadeshi Industries And Leasing Limited has successfully completed the conversion of 1,23,10,000 convertible warrants into equity shares, marking a significant capital restructuring exercise. The Board of Directors approved this conversion on March 05, 2026, during a meeting held at the company's registered office from 3:30 P.M. to 4:00 P.M.

Conversion Details and Regulatory Compliance

The conversion was executed in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and Sections 62 and 42 of the Companies Act, 2013. Each convertible warrant was converted into one equity share of face value Rs. 10/- at a conversion price of Rs. 10/- per equity share, following the receipt of full subscription amounts as prescribed under Regulation 169 of the SEBI ICDR Regulations.

Major Allottees and Distribution

The equity shares were allotted to 48 individuals comprising both promoters and non-promoters of the company. The allotment process involved the collection of 75% of the issue price per warrant as prescribed by regulations. The largest individual allotments were made to Jayshree Sharma with 20,10,000 shares, Sunil Poonam Chand Jain with 15,25,000 shares, and Radheshyam Sharma with 12,50,000 shares.

Comprehensive Allottee Details

The conversion included various categories of investors with allocations ranging from 25,000 shares to 20,10,000 shares. Notable allottees include family members of the promoter group such as Aarya Sharma (2,50,000 shares), Chitra Sharma (3,25,000 shares), and Lalkrishan Sharma (3,25,000 shares). The complete list encompasses 48 allottees with zero pending conversions, indicating full exercise of all available warrants.

Corporate Governance and Documentation

The conversion process was completed with full regulatory compliance, including detailed documentation pursuant to Schedule III Part A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details of each allottee, including the number of warrants held before conversion, warrants applied for conversion, amounts received, and equity shares allotted. Director Lalkrishna Sharma (DIN: 09527277) signed the regulatory filings, ensuring proper corporate governance protocols were followed throughout the conversion process.

This complete warrant conversion represents a successful capital raising exercise for Swadeshi Industries And Leasing Limited, with all warrants being exercised without any pending conversions. The preferential allotment structure enabled the company to strengthen its equity base while maintaining compliance with regulatory requirements and providing transparency to stakeholders through detailed disclosure of allottee information.

Swadeshi Industries & Leasing Limited officially announced its unaudited financial results for the quarter and nine months ended 31st December 2025 under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors approved these results at their meeting held on 9th February 2026, showcasing substantial revenue growth despite a decline in quarterly profitability.

Financial Performance Overview

The company demonstrated strong revenue momentum in Q3 FY26, with standalone revenue from operations reaching ₹1,578.63 lakhs compared to ₹254.79 lakhs in the corresponding quarter of the previous year. However, net profit for the quarter declined to ₹43.51 lakhs from ₹63.09 lakhs in Q3 FY25.

Nine-Month Performance

For the nine-month period ended 31st December 2025, Swadeshi Industries reported robust performance with revenue from operations of ₹3,529.97 lakhs compared to ₹926.20 lakhs in the corresponding period of the previous year. Net profit for the nine-month period stood at ₹97.42 lakhs versus ₹63.23 lakhs in the previous year.

Cost Structure and Expenses

The company's cost of materials consumed increased to ₹1,512.86 lakhs in Q3 FY26 from ₹255.40 lakhs in Q3 FY25, reflecting the higher business volumes. Employee benefits expense remained relatively stable at ₹4.68 lakhs compared to ₹4.38 lakhs in the previous year quarter. Other expenses increased to ₹2.79 lakhs from ₹2.01 lakhs year-on-year.

Balance Sheet Position

As of 31st December 2025, the company's total assets stood at ₹1,361.62 lakhs compared to ₹945.21 lakhs as of 31st March 2025. Current assets increased significantly to ₹1,001.82 lakhs from ₹585.55 lakhs, primarily driven by higher loans of ₹667.76 lakhs and increased current tax assets of ₹294.91 lakhs.

Consolidated Results

On a consolidated basis, the company reported revenue from operations of ₹1,605.78 lakhs in Q3 FY26 and net profit of ₹39.13 lakhs. For the nine-month period, consolidated revenue reached ₹3,557.19 lakhs with net profit of ₹93.04 lakhs. The consolidated results include the performance of subsidiary Swadeshi Agrotech Private Limited.

Regulatory Compliance

The financial results were prepared in accordance with Companies (Indian Accounting Standard) Rule, 2015 as prescribed under Section 133 of the Companies Act, 2013. The statutory auditors G C A S & Associates LLP conducted a limited review of the results and issued their review report without any adverse observations. The company operates primarily in trading business and food processing activities as a single reportable segment under Indian Accounting Standards.