The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajesh Jhaveri
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Rajesh Nanubhai Jhaveri, a non-promoter individual, has filed a disclosure under SEBI's Takeover Regulations for acquiring 33,21,000 warrants of Swojas Foods Ltd through a preferential allotment dated December 22, 2025. This represents 5.83% of the company's diluted share/voting capital (which totals approximately 5.69 crore shares assuming full warrant conversion). Before this acquisition, Jhaveri held Nil shares or warrants in the company. The equity share capital remains at 30,962,650 shares of Rs. 10 each, with the additional dilution coming from convertible warrants. The acquisition was done off-market via preferential allotment rather than open market purchase.
A new non-promoter shareholder acquiring nearly 6% stake signals fresh investor interest and potential board influence going forward, though the warrant structure means actual equity dilution occurs only upon conversion. Shareholders should watch for further disclosures if holdings cross 10% thresholds.