StockWatch
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Packaged Foods
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.