Quarterly Updates6 Mar 2026, 05:52 pm
Swojas Foods Ltd Allots 20,00,000 Equity Shares Following Warrant Conversion
AI Summary
Swojas Foods Ltd has allotted 20,00,000 equity shares at an issue price of Rs. 16.50 each, following the conversion of warrants by some non-promoter warrant holders. The allotment was made for a cash consideration of Rs. 12.375 per share warrant, amounting to Rs. 2,47,50,000. This decision was made at a Board of Directors meeting held on March 06, 2026. The equity shares allotted on the preferential allotment basis will rank pari-passu with the existing equity shares of the Company in all respects. The Company's paid-up equity share capital has increased from Rs. 36,66,26,500/- to Rs. 38,66,26,500/- as a result of this conversion.
Key Highlights
- Swojas Foods Ltd has allotted 20,00,000 equity shares following warrant conversion.
- The allotment was made for a cash consideration of Rs. 12.375 per share warrant, amounting to Rs. 2,47,50,000.
- The decision was made at a Board of Directors meeting held on March 06, 2026.
- The equity shares allotted on the preferential allotment basis will rank pari-passu with the existing equity shares of the Company in all respects.
- The Company's paid-up equity share capital has increased from Rs. 36,66,26,500/- to Rs. 38,66,26,500/- as a result of this conversion.