Outcome of Board Meeting

Warrants convertedFund Raising View source PDF Explain this filing

Price

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Price reactionminutes from the announcement price · days from the prior close

-2.4%Reaction day

₹7.07

prior close

₹6.96

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.6%-4.0% vs market

Packaged Foods peers, median of 36sector+0.3%-2.7% vs sector

On the reaction day the stock moved 4.0 pts less than Nifty Microcap 250 and 2.7 pts less than its Packaged Foods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+3.3

10m

+3.3

15m

+3.3

30m

-0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.4+1.6-4.0+0.3-2.7

Next day

-2.1+2.3-4.4+0.3-2.4

-4.5+2.3-6.8+0.1-4.6

+1.7+1.6+0.1+0.3+1.4

-2.4+0.5-2.9-2.5+0.1

-1.0+1.6-2.6-1.3+0.3

+1.1+2.7-1.6-0.4+1.6

15d

+16.0+5.4+10.6+2.4+13.6

+28.0+7.3+20.7-2.0+30.0

+27.3+8.6+18.7-0.2+27.5

+9.6+13.0-3.4-3.0+12.6

UpDownMarket · Nifty Microcap 250Sector · Packaged Foods peers, median of 36Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Swojas Foods Ltd's Board has approved the conversion of 13,21,000 convertible warrants into 13,21,000 equity shares. The conversion was exercised by Non-Promoter investor Rajesh Nanubhai Jhaveri, who paid Rs. 12.375 per share (75% of the Rs. 16.50 issue price), totaling Rs. 1,63,47,375. The equity shares have a face value of Rs. 10 each. As a result, the company's paid-up equity share capital increased from Rs. 38.66 crore to Rs. 39.98 crore, with total shares rising from 3,86,62,650 to 3,99,83,650. The new shares will rank pari-passu with existing shares, and listing approval from BSE will be sought.

Likely market impact

This conversion increases the company's equity base by 1.34% and provides Rs. 1.63 crore in fresh capital. Existing shareholders will see dilution of their percentage holding, while the company benefits from additional capital without new debt.