Swojas Foods Converts 24.25 Lakh Warrants to Equity Shares

Swojas Foods Limited announced the conversion of 24,25,000 warrants into an equal number of equity shares. These warrants were initially allotted on a preferential basis. The conversion was approved by the Board of Directors and involved the receipt of the remaining exercise price of Rs. 12.375 per share. This conversion increases the company's paid-up equity share capital from Rs. 45,86,33,120 to Rs. 48,28,83,120. The newly issued shares will rank pari-passu with existing equity shares.