Swojas Foods Converts 16 Lakh Warrants to Equity Shares

Swojas Foods Limited has approved the conversion of 16,00,000 warrants into 16,00,000 equity shares of face value Rs. 10 each. These warrants were part of a preferential allotment to non-promoter holders. The conversion was made upon receipt of the remaining exercise price of Rs. 12.375 per share, totaling Rs. 1.98 Crore. This conversion increases the company's paid-up equity share capital from Rs. 48.29 Crore to Rs. 49.89 Crore. The newly issued shares will rank pari-passu with existing equity shares.