Swojas Foods Limited has successfully completed the conversion of 16,00,000 warrants into equity shares, following board approval on February 27, 2026. The company raised Rs. 1.98 crore through this conversion, marking a significant milestone in strengthening its capital structure.

Board Meeting and Regulatory Compliance

The board of directors, chaired by Managing Director and CFO Parthrajsinh Harshadsinh Rana, approved the warrant conversion at a meeting held on February 27, 2026. The meeting commenced at 05:00 PM IST and concluded at 05:30 PM IST. The conversion was conducted in accordance with SEBI (ICDR) Regulations 2018 and the Companies Act, 2013, with proper disclosure made under Regulation 30 of SEBI Listing Regulations.

Warrant Conversion Specifics

The conversion involved warrants originally issued through preferential allotment in December 2025. These warrants were part of an initial allotment of 2,59,84,500 convertible warrants at an issue price of Rs. 16.50 each with a face value of Rs. 10.00. Warrant holders had previously paid 25% of the issue price upfront during the initial allotment, with the remaining 75% paid upon conversion.

Investor Details and Outstanding Warrants

Onelife Capital Advisors Limited, a non-promoter entity, exercised the conversion option for 16,00,000 warrants from its total holding of 1,00,00,000 warrants. The investor paid Rs. 1,98,00,000 as the remaining exercise price, representing 75% of the original warrant issue price. Following this conversion, Onelife Capital retains 84,00,000 outstanding warrants available for future conversion.

Impact on Share Capital Structure

The warrant conversion has resulted in a substantial increase in the company's equity base. The paid-up equity share capital expanded from Rs. 35,06,26,500 to Rs. 36,66,26,500, representing an increase of Rs. 1.60 crore. The newly allotted equity shares will rank pari-passu with existing equity shares, ensuring equal rights for all shareholders.

The company plans to apply for listing and trading approval from BSE for the newly issued shares in due course. This conversion represents the company's continued efforts to strengthen its capital base and support future growth initiatives through strategic capital raising activities.

Swojas foods Limited has received approval from the Bombay Stock Exchange (BSE) for the reclassification of one of its promoters under SEBI regulations. The company announced that BSE issued a no objection letter dated February 23, 2026, approving the reclassification request submitted earlier.

Regulatory Approval Details

The BSE approval comes in response to Swojas Foods' application dated January 31, 2026, which sought reclassification under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The exchange reviewed the submission and granted the necessary no-objection for the reclassification request.

Promoter Reclassification Specifics

The reclassification approval specifically covers the following promoter:

This reclassification represents a significant corporate governance development for the company, allowing for the restructuring of its promoter classification in accordance with SEBI guidelines.

Compliance Requirements

BSE has emphasized that Swojas Foods must ensure compliance with subsequent relevant disclosures of material events related to this reclassification. The company is required to adhere to applicable provisions of Regulation 31A of SEBI (LODR) Regulations, 2015, going forward.

Company Information

Swojas Foods Limited, formerly known as Swojas Energy Foods Limited, is headquartered in Ahmedabad, Gujarat. The company maintains its registered office at Block A, Office No. 1004, Mondeal Heights, Nr. Panchratna Party Plot, S. G. Highway, Ahmedabad- 380051, Gujarat, India.

Timeline and Documentation

The approval process spanned approximately three weeks from application to approval. The company submitted its reclassification application on January 31, 2026, and received BSE's no objection letter on February 23, 2026. Swojas Foods formally communicated this development to the exchange on February 24, 2026, fulfilling its disclosure obligations under listing regulations.