StockWatch
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Packaged Foods
Corporate Action9 Jun 2026, 11:25 am

Swojas Foods Converts 13.32 Lakh Warrants to Equity Shares

AI Summary

Swojas Foods Ltd announced the outcome of its Board Meeting held on June 09, 2026. The board approved the conversion of 13,32,000 warrants into 13,32,000 equity shares of face value Rs. 10 each. These warrants were allotted on a preferential basis to non-promoter investors. The conversion was executed upon receipt of the remaining exercise price of Rs. 12.375 per warrant, totaling Rs. 1,64,83,500. This conversion increases the company's paid-up equity share capital from Rs. 41,31,51,500 to Rs. 42,64,71,500, representing an increase in the number of equity shares from 4,13,15,150 to 4,26,47,150. The newly issued shares will rank pari-passu with existing equity shares.

Key Highlights

  • 13.32 lakh warrants converted into equity shares.
  • Conversion increases paid-up capital by Rs. 1.33 Cr.
  • New shares rank pari-passu with existing equity.
  • Total equity shares now stand at 4.26 Cr.