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Swojas Foods Ltd announced that on February 18, 2026, its Board approved the conversion of 20,00,000 warrants into 20,00,000 fully paid equity shares of face value Rs. 10 each. The conversion was done at an issue price of Rs. 16.50 per share (including a premium of Rs. 6.50), with the warrant holder paying the remaining 75% balance of Rs. 12.375 per share, aggregating to Rs. 2,47,50,000 in cash. The sole allottee is Jhaveri Trading and Investment Pvt Ltd, a non-promoter entity. As a result, the company's paid-up equity share capital has increased from Rs. 33.06 crore (3,30,62,650 shares) to Rs. 35.06 crore (3,50,62,650 shares). The company still has 13,31,500 warrants outstanding with the same allottee for future conversion.
Existing shareholders face dilution of about 6% in their equity stake due to the issuance of 20 lakh new shares. The company receives Rs. 2.47 crore in fresh capital, and further dilution is possible if the remaining 13,31,500 warrants are converted in the future.