Allotment

Swojas Foods Ltd's Board has approved the conversion of 13,21,000 convertible warrants held by non-promoter investor Rajesh Nanubhai Jhaveri into an equal number of fully paid-up equity shares. The conversion was executed at ₹16.50 per share (face value ₹10 + premium ₹6.50), with the investor paying the balance exercise price of ₹12.375 per share (75% of issue price), totaling ₹1,63,47,375. The company's paid-up equity share capital has increased from ₹38.66 crore (3,86,62,650 shares) to ₹39.98 crore (3,99,83,650 shares) as a result of this conversion. The new equity shares will rank pari-passu with existing shares. This follows the earlier preferential allotment of 2,59,84,500 warrants in December 2025, and Jhaveri now has zero outstanding warrants remaining after this conversion.