Conversion of Securities
Price
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Swojas Foods Ltd has converted 13,32,000 warrants into an equal number of equity shares of face value ₹10 each, pursuant to a preferential allotment originally made on December 22, 2025. The conversion was exercised by Vicky R Javeri HUF (a non-promoter), who paid the remaining 75% of the warrant issue price, i.e., ₹12.375 per warrant, aggregating to ₹1,64,83,500. The issue price of ₹16.50 per share includes a premium of ₹6.50 over the face value. As a result, the company's paid-up equity capital has increased from ₹41.31 crore (4.13 crore shares) to ₹42.65 crore (4.26 crore shares).
This is a routine warrant-to-equity conversion that results in modest equity dilution (about 3.2% increase in share count) and brings in fresh capital of ₹1.65 crore. The dilution impact is limited as this was a pre-disclosed preferential issue, and existing shareholders are not materially affected in the short term.