Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Swojas Foods Ltd's board, at its meeting on March 6, 2026, approved the conversion of 20,00,000 convertible warrants into 20,00,000 fully paid-up equity shares of face value ₹10 each. The conversion was exercised by non-promoter Vicky R Jhaveri HUF, who paid the remaining 75% exercise price of ₹12.375 per warrant, aggregating to ₹2,47,50,000. The total issue price stands at ₹16.50 per share, which includes a premium of ₹6.50. As a result, the company's paid-up equity share capital has increased from ₹36,66,26,500 (3,66,62,650 shares) to ₹38,66,26,500 (3,86,62,650 shares). The original allotment of 2,59,84,500 warrants was made on December 22, 2025 on a preferential basis, and 13,32,000 warrants from the same holder remain pending conversion.
This is a routine partial conversion of previously allotted warrants, leading to a modest equity dilution (about 5.5% increase in share count) and a cash inflow of ₹2.47 crore for the company. Existing shareholders may see a slight per-share value dilution, though this was anticipated at the time of the original warrant issue.