Outcome of Board Meeting
Price
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Awaiting price reaction for this filing.
The Board of Swojas Foods Limited approved raising up to INR 79.99 crore by issuing 4.84 crore convertible equity warrants at INR 16.50 each to 11 non-promoter allottees (including Softrak Venture Investment and Onelife Capital Advisors, each receiving 1 crore warrants). Each warrant is convertible into one equity share within 18 months, with 25% payable upfront. The Board also approved unaudited H1 FY26 results showing revenue of INR 6,667.65 lacs (up sharply from INR 782.89 lacs in H1 FY25) and net profit of INR 58.60 lacs (vs INR 30.91 lacs prior year). Operating cash flow swung positive to INR 128.98 lacs from negative INR 94.61 lacs. The Board fixed December 3, 2025 as the EGM date and regularised two independent directors while re-designating one director as non-executive non-independent.
The preferential issue to non-promoters brings in fresh capital but creates significant dilution risk for existing shareholders (potential ~1,565% increase in share count if fully converted). However, the strong revenue growth and swing to positive operating cash flow signal genuine business expansion, which may support the stock price if execution continues. Existing shareholders should weigh the dilution impact against the capital infusion benefit and monitor the EGM vote on December 3, 2025.