Swojas Foods Completes ₹42.87 Crore Convertible Warrant Allotment to Non-Promoters

Swojas Foods Limited has successfully completed the allotment of convertible warrants following regulatory approvals and board meeting decisions. The company's board meeting held on December 22, 2025, from 5:30 PM to 6:00 PM IST, finalized the allotment of 2,59,84,500 convertible warrants worth ₹42.87 crores to non-promoter category investors on a preferential basis.

Board Meeting Outcome and Warrant Details

The board of directors approved the allotment under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The warrant issuance follows SEBI (ICDR) Regulation 2018 guidelines and the Companies Act, 2013.

Parameter:	Details
Total Warrants Allotted:	2,59,84,500
Issue Price per Warrant:	₹16.50
Total Issue Size:	₹42,87,44,250
Upfront Payment Received:	₹10,71,86,062.50
Warrant Subscription Price:	₹4.125 per warrant (25%)
Exercise Price:	₹12.375 per warrant (75%)
Conversion Period:	18 months from allotment date

The company received an upfront payment of ₹10.72 crores at ₹4.125 per warrant, representing 25% of the total issue price. The remaining 75% will be payable upon exercise of the conversion option.

Allottee Distribution

The warrants were allocated among six non-promoter investors as detailed in the official regulatory filing:

Allottee:	Category	Warrants Allotted	Amount Paid (₹)
Onelife Capital Advisors Limited:	Non-Promoter	1,00,00,000	4,12,50,000.00
Dulcee Accessories Private Limited:	Non-Promoter	59,00,000	2,43,37,500.00
Jhaveri Trading and Investment Pvt Ltd:	Non-Promoter	33,31,500	1,37,42,437.50
Rajesh Nanubhai Jhaveri HUF:	Non-Promoter	33,21,000	1,36,99,125.00
Murtuza Kaizarbhai Mandorwala:	Non-Promoter	1,00,000	4,12,500.00

Conversion Terms and Regulatory Compliance

Each warrant is convertible into one fully paid-up equity share of face value ₹10 within 18 months from the allotment date. Warrant holders must pay the balance consideration of ₹12.375 per warrant to exercise the conversion option. The conversion is subject to appropriate adjustments as permitted under applicable rules and regulations.

If warrants remain unexercised within the 18-month period, they will lapse and the amounts paid will be forfeited by the company. The allotment represents a preferential issue in accordance with SEBI (ICDR) Regulations 2018 and the Companies Act, 2013.

Corporate Governance and Disclosure

The warrant allotment follows the company's Extraordinary General Meeting approval received on December 3, 2025, where shareholders approved the issuance of up to 4,84,84,500 convertible equity warrants worth up to ₹79.99 crores. The current allotment represents approximately 53.6% of the total approved warrant issue.

The company has made the required disclosures under Regulation 30 of SEBI Listing Regulations and will make the information available on its website www.sefl.co.in . The successful completion of this warrant allotment strengthens the company's capital structure and provides additional financial resources for business operations and growth initiatives.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.55%	-10.25%	-23.91%	-8.78%	-22.17%	+42.47%

Swojas Foods Limited , formerly known as Swojas Energy Foods Limited, has announced a significant fundraising initiative and released its latest financial results. The company's board of directors approved these measures during a meeting held on November 8, 2025.

Fundraising Through Convertible Equity Warrants

The board has given the green light to raise funds totaling INR 79.99 crore through the issuance of convertible equity warrants. This move involves issuing up to 4,84,84,500 warrants to non-promoter investors at a price of INR 16.50 per warrant, which includes a premium of INR 6.50.

Key details of the warrant issue:

Each warrant is convertible into one fully paid-up equity share within 18 months from the allotment date.
The face value of each equity share is INR 10.00.
The issue price has been determined in accordance with SEBI regulations.
The preferential issue will be undertaken for cash consideration.

Allotment Details

The warrants will be allotted to 11 non-promoter investors, including individuals, companies, and other entities. Notable allottees include:

Allottee	Category	Number of Warrants	Post-Issue Holding (%)
Softrak Venture Investment Limited	Company	1,00,00,000	12.59
Onelife Capital Advisors Limited	Company	1,00,00,000	12.59
Zag Constructions LLP	Limited Liability Partnership	75,00,000	9.44
Dulcee Accessories Private Limited	Company	59,00,000	7.43

Financial Results

The board also approved the unaudited financial results for the quarter and half-year ended September 30, 2025. Swojas Foods reported revenue from operations of INR 35.25 crore for the quarter.

Corporate Governance Updates

In addition to the fundraising and financial matters, the board made several corporate governance decisions:

Regularization of two additional directors as Non-Executive, Independent Directors.
Re-designation of Mr. Pallav Pareshkumar Dave from Independent Director to Non-Executive, Non-Independent Director.
Scheduling of an Extraordinary General Meeting (EGM) for December 3, 2025, to seek shareholder approval for the fundraising proposal.
Appointment of a scrutinizer for the upcoming EGM.

The board meeting, which commenced at 3:00 PM IST, concluded at 3:42 PM IST. The company has stated that all necessary approvals, including shareholder and regulatory clearances, will be sought for the implementation of these decisions.

Investors and stakeholders should note that the trading window for Swojas Foods' securities will remain closed until 48 hours after the declaration of the unaudited financial results for the quarter and half-year ended September 30, 2025.