NewsCorporate ActionsSwojas Foods Limited Converts 21 Lakh Warrants into Equity Shares, Raises ₹2.60 CroresSwojas Foods Limited Converts 21 Lakh Warrants into Equity Shares, Raises ₹2.60 Crores
Swojas Foods Limited successfully converted 21,00,000 warrants into equity shares on January 21, 2026, raising ₹2.60 crores from two non-promoter investors. The conversion increased the company's paid-up capital from ₹30.96 crores to ₹33.06 crores, with total equity shares rising to 3,30,62,650. The newly allotted shares rank pari-passu with existing equity shares, and the company will seek stock exchange approval for listing the new shares.
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Swojas foods Limited has successfully converted 21,00,000 warrants into equity shares following board approval on January 21, 2026. The conversion represents a significant capital raising exercise that increases the company's paid-up share capital and strengthens its equity base.
Warrant Conversion Details
The board meeting, held on January 21, 2026, approved the conversion of warrants originally issued through preferential allotment in December 2025. The conversion was executed at the predetermined issue price with warrant holders exercising their conversion rights.
| Parameter: | Details |
|---|---|
| Total Warrants Converted: | 21,00,000 |
| Issue Price per Share: | ₹16.50 |
| Face Value per Share: | ₹10.00 |
| Premium per Share: | ₹6.50 |
| Exercise Price Paid: | ₹12.38 per warrant |
| Total Amount Raised: | ₹2,59,87,500 |
Investor Participation
Two non-promoter investors participated in the warrant conversion exercise. The conversion details demonstrate strong investor confidence in the company's prospects.
| Investor Name: | Category | Warrants Converted | Amount Paid (₹) | Outstanding Warrants |
|---|---|---|---|---|
| Rajesh Nanubhai Jhaveri: | Non-Promoter | 20,00,000 | 2,47,50,000 | 13,21,000 |
| Murtuza Kaizarbhai Mandorwala: | Non-Promoter | 1,00,000 | 12,37,500 | 0 |
| Total: | 21,00,000 | 2,59,87,500 |
Impact on Share Capital
The warrant conversion has resulted in a substantial increase in the company's equity base. The newly allotted shares rank pari-passu with existing equity shares, providing equal rights and privileges to the new shareholders.
| Capital Structure: | Before Conversion | After Conversion | Change |
|---|---|---|---|
| Paid-up Capital: | ₹30,96,26,500 | ₹33,06,26,500 | +₹2,10,00,000 |
| Number of Shares: | 3,09,62,650 | 3,30,62,650 | +21,00,000 |
| Face Value per Share: | ₹10.00 | ₹10.00 | Unchanged |
Regulatory Compliance and Next Steps
The conversion follows the company's earlier disclosure dated December 22, 2025, regarding the allotment of 2,59,84,500 convertible warrants. The original warrant allotment was approved by shareholders at the Extraordinary General Meeting held on December 3, 2025, and received in-principle approval from BSE Limited on December 8, 2025.
The company will apply for listing and trading approval from the stock exchange for the newly issued equity shares. The board meeting commenced at 12:00 PM IST and concluded at 12:30 PM IST on January 21, 2026, with Managing Director and CFO Parthrajsinh Harshadsinh Rana overseeing the proceedings.
This warrant conversion exercise demonstrates the company's ability to successfully execute capital raising initiatives while providing existing warrant holders with the opportunity to participate in the company's equity growth.
Historical Stock Returns for Swojas Foods
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.88% | +2.27% | +5.74% | -5.07% | -19.08% | +101.43% |
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