News Corporate Actions Swojas Foods Board Approves Conversion of 20 Lakh Warrants Into Equity SharesSwojas Foods Board Approves Conversion of 20 Lakh Warrants Into Equity Shares
Swojas Foods Limited successfully converted 20,00,000 warrants into equity shares following board approval on March 06, 2026, under SEBI Regulation 30 compliance. The conversion by non-promoter investor VICKY R JHAVERI HUF at ₹16.50 per share raised ₹2.47 crore, increasing the company's paid-up capital from ₹36.66 crore to ₹38.66 crore with 13.32 lakh warrants remaining for future conversion.
*this image is generated using AI for illustrative purposes only.
Swojas Foods Limited has announced the conversion of 20,00,000 warrants into equity shares following a board meeting held on March 06, 2026. The conversion represents a significant milestone in the company's capital restructuring initiative that began in December 2025.
Board Meeting Outcome and Regulatory Compliance
The board meeting, which commenced at 05:00 PM IST and concluded at 05:35 PM IST, approved the conversion under Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. This development follows the company's earlier disclosure dated December 22, 2025, when Swojas Foods had allotted 2,59,84,500 convertible warrants following shareholder approval at the Extra Ordinary General Meeting held on December 03, 2025.
| Parameter: | Details |
|---|---|
| Meeting Date: | March 06, 2026 |
| Meeting Duration: | 05:00 PM to 05:35 PM IST |
| Regulatory Framework: | SEBI Regulation 30 |
| BSE Scrip Code: | 530217 |
Warrant Conversion Details
The board approved the conversion of warrants held by non-promoter investor VICKY R JHAVERI HUF, who exercised the option to convert 20,00,000 warrants out of their total holding of 33,32,000 warrants. The conversion was executed at the predetermined issue price of ₹16.50 per share, which includes a premium of ₹6.50 per share over the face value of ₹10.00.
| Parameter: | Details |
|---|---|
| Warrants Converted: | 20,00,000 |
| Issue Price per Share: | ₹16.50 |
| Face Value per Share: | ₹10.00 |
| Premium per Share: | ₹6.50 |
| Exercise Price per Warrant: | ₹12.375 |
| Total Amount Raised: | ₹2,47,50,000 |
| Remaining Warrants: | 13,32,000 |
Financial Impact on Share Capital
The warrant conversion has resulted in a substantial increase in the company's paid-up equity share capital. The exercise price of ₹12.375 per warrant represents 75% of the original issue price, as warrant holders had already paid 25% during the initial allotment in December 2025.
| Metric: | Before Conversion | After Conversion | Change |
|---|---|---|---|
| Paid-up Capital: | ₹36,66,26,500 | ₹38,66,26,500 | ₹2,00,00,000 |
| Number of Shares: | 3,66,62,650 | 3,86,62,650 | 20,00,000 |
| Face Value: | ₹10.00 per share | ₹10.00 per share | Unchanged |
Regulatory Approvals and Next Steps
The allotment received BSE's in-principle approval through letter reference LOD/PREF/GB/FIP/1322/2025-26 dated December 08, 2025. The newly allotted equity shares will rank pari-passu with existing equity shares in all respects. The company plans to apply for listing and trading approval from the stock exchange for the newly issued shares in due course.
VICKY R JHAVERI HUF, categorized as a non-promoter investor, retains 13,32,000 warrants available for future conversion. The successful conversion demonstrates investor confidence in the company's growth prospects and provides additional capital for business operations and expansion plans.
Historical Stock Returns for Swojas Foods
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.94% | -11.70% | -19.30% | -39.00% | -15.82% | +113.62% |
20
