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, disclosed acquisition of 20,00,000 equity shares (5.70% of pre-acquisition capital, 3.51% of diluted capital) of Swojas Foods Ltd via conversion of warrants into equity shares on February 18, 2026. Before this, the acquirer held only 33,31,500 warrants (5.85% on a diluted basis) with no direct equity. After conversion, the acquirer holds 20,00,000 equity shares (5.70% voting rights) plus 13,31,500 remaining warrants (2.34% diluted), keeping the total diluted position at 5.85%. The company's total equity share capital increased from 3,30,62,650 to 3,50,62,650 shares of Rs. 10 each as a result of this warrant conversion.
This is a pre-committed warrant-to-equity conversion, not a fresh market purchase, so no direct price impact is expected. However, the acquirer's direct voting stake has now crossed the 5% disclosure threshold, meaning any further acquisitions could attract additional regulatory scrutiny under SEBI takeover norms.