Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of Swojas Foods Ltd approved raising up to ₹79.99 crore through the issue of 4.84 crore convertible equity warrants to 11 non-promoter allottees at ₹16.50 per warrant, convertible into equity shares within 18 months. Key allottees include Softrak Venture Investment and Onelife Capital Advisors (each allotted 1 crore warrants, ~12.59% post-issue stake), Zag Constructions LLP (~9.44%), and Dulcee Accessories Pvt Ltd (~7.43%). Together, the allottees would hold roughly 59% of the expanded equity. The board also approved Q2 FY26 results showing revenue of ₹3,525.29 lakh (vs ₹782.89 lakh in Q2 FY25) and net profit of ₹36.47 lakh (vs ₹27.01 lakh). For H1 FY26, revenue rose sharply to ₹6,667.65 lakh from ₹782.89 lakh, with net profit at ₹58.60 lakh. Two additional directors (Ms. Ranu Jain and Mr. Abhay Kumar Sethia) were regularised, and Mr. Pallav Pareshkumar Dave was re-designated from Independent Director to Non-Executive Non-Independent Director. An EGM is scheduled for December 3, 2025.
The ₹80 crore preferential warrant issue, if fully converted, will cause significant dilution with the 11 non-promoter allottees collectively holding ~59% of post-issue equity, shifting control away from existing shareholders. The dramatic revenue jump year-on-year is notable but warrants closer look given the company's recent name change from Swojas Energy Foods. The re-designation of an Independent Director to a Non-Independent role reduces board independence. Shareholders should review the EGM agenda on December 3, 2025 before deciding.