Allotment of Equity Shares pursuant to conversion of warrants
Price
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Swojas Foods Ltd has allotted 20,00,000 equity shares (face value ₹10 each) to non-promoter investor Vicky R Jhaveri HUF, following the exercise of convertible warrants. These warrants were originally issued in December 2025 at ₹16.50 per warrant (including ₹6.50 premium), with only 25% paid upfront. The investor has now paid the remaining 75% (₹12.375 per share), bringing in ₹2.47 crore to the company. As a result, the company's paid-up equity capital has risen from ₹36.66 crore (3.67 crore shares) to ₹38.66 crore (3.87 crore shares). The new shares will rank equally with existing equity shares, and the company will apply for their listing on BSE. The warrant holder still holds 13,32,000 warrants that are yet to be converted.
This is a routine conversion of previously issued warrants into equity shares, so there is no fresh capital raise beyond what was already planned. Shareholders may see mild dilution since 20 lakh new shares have been added to the share count, but no major price impact is expected as the shares were already factored in at the time of warrant issuance.