StockWatch
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Packaged Foods
Corporate Action24 Oct 2026, 12:00 pm

Swojas Foods Allots 16 Lakh Equity Shares on Warrant Conversion

AI Summary

Swojas Foods Limited has approved the conversion of 16,00,000 warrants into 16,00,000 equity shares of face value ₹10 each. This conversion, exercised by non-promoter warrant holders, was approved by the Board of Directors on October 24, 2026. The company received the remaining exercise price of ₹12.375 per warrant, aggregating to ₹1,98,00,000.00. This allotment increases the company's paid-up equity share capital from ₹48,28,83,120 to ₹49,88,83,120. The newly issued shares will rank pari-passu with existing equity shares.

Key Highlights

  • 16,00,000 warrants converted into equity shares.
  • Total funds raised from conversion: ₹1.98 Crore.
  • Paid-up equity capital increased to ₹49.89 Crore.
  • New shares rank pari-passu with existing shares.