Swojas Foods Converts Additional 20 Lakh Warrants Raising Rs. 2.48 Crore
Swojas Foods Limited successfully completed another warrant conversion on March 06, 2026, converting 20,00,000 warrants into equity shares and raising Rs. 2.48 crore. The conversion by non-promoter VICKY R JHAVERI HUF increased the company's paid-up capital from Rs. 36.66 crore to Rs. 38.66 crore, demonstrating continued investor confidence in the company's growth prospects.
*this image is generated using AI for illustrative purposes only.
Swojas Foods Limited has successfully completed another significant warrant conversion, with the board of directors approving the conversion of 20,00,000 warrants into equity shares on March 06, 2026. This latest conversion follows the company's previous warrant conversion of 16,00,000 shares in February 2026, demonstrating continued investor confidence and capital strengthening initiatives.
March 2026 Board Meeting Outcomes
The board meeting held on March 06, 2026, chaired by Managing Director and CFO Parthrajsinh Harshadsinh Rana, approved the conversion of 20,00,000 warrants into an equal number of equity shares. The meeting commenced at 05:00 PM IST and concluded at 05:35 PM IST. The conversion was conducted under SEBI (ICDR) Regulations 2018 and the Companies Act, 2013, with proper disclosure made under Regulation 30 of SEBI Listing Regulations.
| Meeting Details: | Information |
|---|---|
| Date: | March 06, 2026 |
| Chairperson: | Parthrajsinh Harshadsinh Rana |
| Duration: | 05:00 PM to 05:35 PM IST |
| Warrants Converted: | 20,00,000 |
| BSE Scrip Code: | 530217 |
Warrant Conversion Details and Investor Information
The conversion involved warrants originally issued through preferential allotment in December 2025 at an issue price of Rs. 16.50 per warrant. VICKY R JHAVERI HUF, a non-promoter entity, exercised the conversion option for 20,00,000 warrants from its total holding of 33,32,000 warrants. The investor paid the remaining exercise price of Rs. 12.375 per warrant, representing 75% of the original issue price.
| Conversion Details: | Information |
|---|---|
| Investor: | VICKY R JHAVERI HUF |
| Category: | Non-Promoter |
| Warrants Converted: | 20,00,000 |
| Exercise Price: | Rs. 12.375 per warrant |
| Total Amount Paid: | Rs. 2,47,50,000 |
| Outstanding Warrants: | 13,32,000 |
Capital Structure Impact
The latest warrant conversion has resulted in a substantial increase in the company's equity base. The paid-up equity share capital expanded from Rs. 36,66,26,500 to Rs. 38,66,26,500, representing an increase of Rs. 2.00 crore. The total number of equity shares increased from 3,66,62,650 to 3,86,62,650 shares of Rs. 10 face value each.
| Capital Structure Changes: | Before Conversion | After Conversion |
|---|---|---|
| Paid-up Capital: | Rs. 36,66,26,500 | Rs. 38,66,26,500 |
| Number of Shares: | 3,66,62,650 | 3,86,62,650 |
| Face Value per Share: | Rs. 10.00 | Rs. 10.00 |
| Amount Raised: | - | Rs. 2,47,50,000 |
Regulatory Compliance and Future Plans
The newly allotted equity shares rank pari-passu with existing equity shares, ensuring equal rights for all shareholders. The company will apply for listing and trading approval from BSE for the newly issued shares in due course. This conversion, combined with the previous February 2026 conversion, demonstrates the company's successful capital mobilization strategy through warrant conversions.
The original warrant allotment of 2,59,84,500 warrants was made following shareholder approval at the Extra Ordinary General Meeting held on December 03, 2025, and BSE's in-principle approval dated December 08, 2025. With continued warrant conversions, Swojas Foods Limited is strengthening its financial position for future growth initiatives.
Historical Stock Returns for Swojas Foods
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.29% | -5.76% | -31.52% | -40.80% | -31.61% | +84.59% |
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