Swojas Foods Converts 24.25 Lakh Warrants to Equity Shares

Swojas Foods Limited announced that its Board of Directors has approved the conversion of 24,25,000 warrants into 24,25,000 equity shares. These warrants were initially allotted on a preferential basis. The conversion was exercised by non-promoter warrant holders, who paid the remaining exercise price of Rs. 12.375 per share. This conversion has increased the company's paid-up equity share capital from Rs. 45.86 crore to Rs. 48.29 crore. The newly issued shares will rank pari-passu with existing equity shares.