Submission of Voting Results along with Scrutinizer Report
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 held an Extra Ordinary General Meeting on December 3, 2025, via video conferencing, where all four resolutions were passed. Two new Independent Directors — Ms. Ranu Jain and Mr. Abhay Kumar Sethia — were regularized with 100% approval (5,69,206 shares, 24 members each). Mr. Pallav Pareshkumar Dave was re-designated from Independent Director to Non-Executive, Non-Independent Director, also with 100% approval. The most significant resolution was the approval to issue up to 4,84,84,500 convertible equity share warrants at Rs. 16.50 each (including Rs. 6.50 premium) to non-promoters on a preferential basis, aggregating up to Rs. 79,99,94,250 (~Rs. 80 crore). This passed with 5,67,206 shares (23 members) in favor, while 1 member holding 2,000 shares voted against.
Shareholders should note the approval of a sizeable preferential warrant issue worth nearly Rs. 80 crore to non-promoters, which could lead to significant equity dilution once the warrants are converted. The board composition is also changing with two new independent directors added and one re-designated.