Swojas Foods Completes Warrant Conversion, Increases Equity Capital by ₹ 1.98 Crore
Swojas Foods Ltd has finalized the conversion of warrants into equity shares, resulting in an increase in the company's paid-up equity share capital. The company's Board of Directors approved the conversion of 1,600,000 warrants, which were issued during a prior preferential allotment.The conversion involved the allotment of 1,600,000 fully paid equity shares, each having a face value of ₹ 10/-. This transaction was carried out following the exercise of conversion options by warrant holders.
The allotment was made for cash, with the company receiving the remaining exercise price of ₹ 12.375/- per share warrant. The total amount received for the conversion was ₹ 1,98,00,000.00.
The equity shares allotted under this preferential basis will rank pari-passu with the existing equity shares of Swojas Foods Ltd.
Capital Structure Update
The conversion has impacted the company's capital base. The paid-up equity share capital of the company increased from ₹ 44,26,33,120/ (consisting of 4,42,63,312 equity shares of Face Value ₹ 10/- each) to ₹ 45,86,33,120/ (consisting of 4,58,63,312 equity shares of Face Value ₹ 10/- each).Investor Details and Transaction Summary
The transaction details pertaining to the conversion of warrants are as follows:| Investor Name | Category | No Warrants Held | Shares Allotted Upon Conversion | Total Amount Paid for Conversion (In Rs.) | Balance Outstanding Warrants for Conversion |
|---|---|---|---|---|---|
| Onelife Capital Advisors Limited | Non- Promoter | 1,00,00,000 | 16,00,000 | 1,98,00,000.00 | 51,83,838 |
| Total | 16,00,000 | 1,98,00,000.00 | 51,83,838 |
The company confirmed that the application for listing and trading approval of the newly issued and allotted Equity Shares will be pursued in due course of time.
Stock Price Movement
As of 11:44, Swojas Foods Ltd. shares are trending lower at ₹7.70, after dipping by 4.58%. The stock price has moved throughout the day, finding itself within an intraday range that stretched between ₹7.67 and ₹8.36.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.