
Corporate Action24 Aug 2026, 11:35 am
Swojas Foods Converts 16 Lakh Warrants to Equity Shares
AI Summary
Swojas Foods Ltd announced the conversion of 16,00,000 warrants into 16,00,000 equity shares of face value ₹10 each. This conversion, approved by the Board of Directors on August 24, 2026, was exercised by non-promoter warrant holders. The company received the remaining exercise price of ₹12.375 per warrant, aggregating to ₹1,98,00,000.00. This conversion increases the company's paid-up equity share capital from ₹44,26,33,120 to ₹45,86,33,120. The newly allotted equity shares will rank pari-passu with existing shares.
Key Highlights
- 16,00,000 warrants converted into equity shares.
- Total funds raised from conversion: ₹1,98,00,000.
- Paid-up equity capital increased to ₹45,86,33,120.
- New shares rank pari-passu with existing equity.
- Conversion approved by the Board on August 24, 2026.
Price Impact
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