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:

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:

1. Regularization of two additional directors as Non-Executive, Independent Directors.
2. Re-designation of Mr. Pallav Pareshkumar Dave from Independent Director to Non-Executive, Non-Independent Director.
3. Scheduling of an Extraordinary General Meeting (EGM) for December 3, 2025, to seek shareholder approval for the fundraising proposal.
4. 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.

Swojas Foods Limited, formerly known as Swojas Energy Foods Limited, has announced an expanded agenda for its upcoming board meeting scheduled for November 8, 2025. The company plans to discuss several key items, including financial results and potential fundraising through convertible equity warrants.

Financial Results Review

The board will consider the unaudited standalone financial results for the quarter and half year ended September 30, 2025. This review is a standard practice for publicly traded companies and provides investors with insights into the company's recent financial performance.

Fundraising Initiative

Swojas Foods is exploring the possibility of raising funds through the issuance of convertible equity warrants. The board will deliberate on the following aspects of this potential fundraising:

• Issue of convertible equity warrants with a face value of Rs. 10 each
• Identification of proposed allottees for the warrants
• Determination of the number of warrants to be issued
• Setting the issue price and other relevant details

The company plans to pursue this fundraising initiative through preferential issue and private placement, which may be executed in one or more tranches. This decision will be subject to applicable laws and requisite approvals, including shareholder approval and any necessary regulatory clearances.

Additional Agenda Items

The expanded board meeting agenda also includes:

1. Deciding on the convening of an Extraordinary General Meeting (EGM) to seek necessary shareholder approvals for:
   • The issuance of warrants
   • Regularization or redesignation of directors
2. Appointment of a scrutinizer for the EGM
3. Discussion of any other relevant business matters

Trading Window Closure

Swojas Foods has reiterated that the trading window for dealing in company securities remains closed. This closure, which began on October 1, 2025, will continue until 48 hours after the declaration of the unaudited financial results, extending to November 10, 2025.

Investors and stakeholders are advised to monitor the company's official communications for updates on these developments. The outcomes of the board meeting will be crucial in determining Swojas Foods Limited's financial standing and future growth strategies.