Swojas Foods Converts 16 Lakh Warrants to Equity Shares

Swojas Foods Ltd announced 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, involved the receipt of the remaining exercise price of ₹12.375 per share, totaling ₹1,98,00,000. The company's paid-up equity share capital has increased from ₹44,26,33,120 to ₹45,86,33,120 following this allotment. The newly issued shares will rank pari-passu with existing equity shares.