The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jhaveri Trading & Investment Pvt Ltd
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Jhaveri Trading & Investment Pvt Ltd, a non-promoter entity, has filed a disclosure under SEBI's takeover regulations regarding the conversion of 13,31,500 warrants into equal equity shares of Swojas Foods Ltd, allotted on 30 May 2026. As a result, the entity's voting shareholding in Swojas Foods rose from 20,00,000 shares (5.00% of share capital) to 33,31,500 shares (8.06% of share capital), while its diluted shareholding remained at 5.85% with no warrants remaining. The total share capital of Swojas Foods increased from 3,99,83,650 to 4,13,15,150 equity shares following this allotment. The acquisition was not through the open market but via warrant conversion on preferential/earlier allotment terms.
For shareholders, this is a non-cash, non-promoter technical event (warrant conversion into shares) that mildly dilutes existing holders while nudging one non-promoter holder's stake closer to the 10% disclosure threshold. It is unlikely to materially move the stock price but increases the share count outstanding.