Swojas Foods Allots 16 Lakh Equity Shares on Warrant Conversion

Swojas Foods Limited announced the conversion of 16,00,000 warrants into 16,00,000 equity shares of face value Rs. 10 each. This conversion, exercised by non-promoter warrant holders, was approved by the Board of Directors. The company received the remaining exercise price of Rs. 12.375 per share, totaling Rs. 1,98,00,000.00. This allotment increases the company's paid-up equity share capital from Rs. 48,28,83,120 to Rs. 49,88,83,120. The newly issued shares will rank pari-passu with existing equity shares.