Swojas Foods Ltd Board Approves Conversion of 20,00,000 Warrants into Equity Shares
Swojas Foods Ltd has announced that the Board of Directors, at their meeting held on Friday, March 06, 2026, have approved the conversion of 20,00,000 warrants into 20,00,000 equity shares. This decision comes in pursuance of the approval of shareholders granted at the Extra Ordinary General Meeting held on Wednesday, December 03, 2025, and the in-principle approval accorded by BSE Limited. The conversion has been made for a cash consideration of Rs. 12.375 per share warrant, amounting to Rs. 2,47,50,000. The equity shares allotted on the preferential allotment basis will rank pari-passu with the existing equity shares of the Company in all respects. This decision will increase the Company's paid-up equity share capital from Rs. 36,66,26,500 to Rs. 38,66,26,500.
Key Highlights
- Swojas Foods Ltd Board approves the conversion of 20,00,000 warrants into equity shares.
- The conversion is made for a cash consideration of Rs. 12.375 per share warrant, amounting to Rs. 2,47,50,000.
- The equity shares allotted on the preferential allotment basis will rank pari-passu with the existing equity shares.
- The Company's paid-up equity share capital will increase from Rs. 36,66,26,500 to Rs. 38,66,26,500 due to the conversion.
- The application for listing and trading approval of the newly issued and allotted Equity Shares will be made in due course of time.