Outcome of Board Meeting dated December 22, 2025 and Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015
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The Board of Directors of Swojas Foods Ltd approved the allotment of 2,59,84,500 convertible warrants at Rs. 16.50 per warrant on a preferential basis to 6 non-promoter allottees, aggregating to Rs. 42.87 crore in total issue size. The company has already received Rs. 10.72 crore as the upfront 25% subscription amount (Rs. 4.125 per warrant). Each warrant can be converted into one equity share of Rs. 10 face value within 18 months, with the remaining 75% (Rs. 12.375 per warrant) payable at the time of conversion. The largest allottee is OneLife Capital Advisors Limited with 1 crore warrants, followed by entities linked to the Jhaveri family. The warrants are issued under SEBI ICDR Regulations, 2018, and any unexercised warrants after 18 months will lapse with the upfront amount forfeited.
This is a significant capital-raising move that will dilute existing shareholders if all warrants are converted into equity. The Rs. 42.87 crore potential inflow (Rs. 10.72 crore already received) could strengthen the company's balance sheet, but the preferential allotment to non-promoters signals new investor confidence while also expanding the equity base by up to ~2.6 crore shares.