Swojas Foods Completes Conversion of Warrants, Boosting Paid-Up Capital
Swojas Foods Ltd, formerly known as Swojas Energy Foods Limited, announced that its Board of Directors approved the conversion of a significant number of convertible warrants into equity shares. The decision was formalized during the Board Meeting held on May 25, 2026.The transaction pertains to warrants originally allotted through a preferential allotment. The Board considered and approved the conversion of 13,21,000 warrants into 13,21,000 fully paid-up equity shares of the company, each with a face value of ₹ 10.
The allotment was executed for cash, upon the receipt of the remaining exercise price. This payment was calculated at ₹ 12.375 per share warrant, aggregating to ₹ 1,63,47,375.
Financial Details of Warrant Conversion
The conversion process involved investors exercising their right to convert warrants into equity shares. The primary details of the allotment are as follows:| Investor Name | Category | Warrants Held | Shares Allotted upon Conversion | Total Amount Paid for Conversion (₹) |
|---|---|---|---|---|
| RAJESH NANUBHAI JHAVERI | Non-Promoter | 33,21,000 | 13,21,000 | 1,63,47,375 |
| Total | Total | Total | 13,21,000 | 1,63,47,375 |
Impact on Capital Structure
The conversion significantly increased the company's paid-up equity share capital. Prior to the transaction, the company's paid-up equity share capital stood at ₹ 38,66,26,500, comprising 3,86,62,650 equity shares of Face Value ₹ 10.Following the conversion, the paid-up equity share capital increased to ₹ 39,98,36,500, consisting of 3,99,83,650 equity shares of Face Value ₹ 10.
The newly allotted equity shares shall rank pari-passu with all existing equity shares of Swojas Foods Ltd.
Stock Price Movement
As of 12:50, shares of Swojas Foods Ltd are ticking up, currently trading at ₹7.19, climbing 1.84% for the day. Throughout the trading session, the stock has seen considerable volatility, ranging between a low of ₹6.82 and a high of ₹7.39.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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