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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Swojas Foods Ltd has approved the conversion of 13,21,000 convertible warrants held by non-promoter investor Rajesh Nanubhai Jhaveri into an equal number of equity shares. The conversion was at Rs. 16.50 per share (including Rs. 6.50 premium), with the investor paying the balance Rs. 12.375 per share (75% of issue price) totaling Rs. 1,63,47,375. The company's paid-up equity share capital increased from Rs. 38.66 crore (3.87 crore shares) to Rs. 39.98 crore (4 crore shares). The new shares rank pari-passu with existing equity shares.
Minor dilution of approximately 3.4% for existing shareholders. This represents a modest capital raise through warrant conversion rather than a significant shareholder event like a dividend or buyback.