The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajesh Jhaveri
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Awaiting price reaction for this filing.
Rajesh Nanubhai Jhaveri (a non-promoter acquirer) has disclosed the conversion of 20,00,000 warrants into equity shares of Swojas Foods Ltd on 21 January 2026. Before this event, he held zero direct equity shares but had 33,21,000 warrants (5.83% of total share capital). After conversion, he holds 20,00,000 equity shares directly (6.05% of pre-conversion capital) plus 13,21,000 remaining warrants (2.32% of diluted capital). His total economic interest in the company remains unchanged at 5.83% – this is a change in form (warrants to shares), not a new acquisition. The company's total equity share capital increased from 3,09,62,650 to 3,30,62,650 shares due to this and other warrant conversions.
Neutral for shareholders – this is a routine regulatory filing triggered by warrant conversion. No new money is being deployed and no change in ultimate economic interest, so there should be no direct impact on the stock price. However, the acquirer's direct equity stake has crossed above 5% in raw terms (6.05% of pre-conversion capital), which is a level worth tracking for future disclosures.