Swojas Foods Board Approves Conversion of 20 Lakh Warrants Into Equity Shares

Swojas Foods Limited has announced the conversion of 20,00,000 warrants into equity shares following a board meeting held on March 06, 2026. The conversion represents a significant milestone in the company's capital restructuring initiative that began in December 2025. Board Meeting Outcome and Regulatory Compliance The board meeting, which commenced at 05:00 PM IST and concluded at 05:35 PM IST, approved the conversion under Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. This development follows the company's earlier disclosure dated December 22, 2025, when Swojas Foods had allotted 2,59,84,500 convertible warrants following shareholder approval at the Extra Ordinary General Meeting held on December 03, 2025. Parameter: Details Meeting Date: March 06, 2026 Meeting Duration: 05:00 PM to 05:35 PM IST Regulatory Framework: SEBI Regulation 30 BSE Scrip Code: 530217 Warrant Conversion Details The board approved the conversion of warrants held by non-promoter investor VICKY R JHAVERI HUF, who exercised the option to convert 20,00,000 warrants out of their total holding of 33,32,000 warrants. The conversion was executed at the predetermined issue price of ₹16.50 per share, which includes a premium of ₹6.50 per share over the face value of ₹10.00. Parameter: Details Warrants Converted: 20,00,000 Issue Price per Share: ₹16.50 Face Value per Share: ₹10.00 Premium per Share: ₹6.50 Exercise Price per Warrant: ₹12.375 Total Amount Raised: ₹2,47,50,000 Remaining Warrants: 13,32,000 Financial Impact on Share Capital The warrant conversion has resulted in a substantial increase in the company's paid-up equity share capital. The exercise price of ₹12.375 per warrant represents 75% of the original issue price, as warrant holders had already paid 25% during the initial allotment in December 2025. Metric: Before Conversion After Conversion Change Paid-up Capital: ₹36,66,26,500 ₹38,66,26,500 ₹2,00,00,000 Number of Shares: 3,66,62,650 3,86,62,650 20,00,000 Face Value: ₹10.00 per share ₹10.00 per share Unchanged Regulatory Approvals and Next Steps The allotment received BSE's in-principle approval through letter reference LOD/PREF/GB/FIP/1322/2025-26 dated December 08, 2025. The newly allotted equity shares will rank pari-passu with existing equity shares in all respects. The company plans to apply for listing and trading approval from the stock exchange for the newly issued shares in due course. VICKY R JHAVERI HUF, categorized as a non-promoter investor, retains 13,32,000 warrants available for future conversion. The successful conversion demonstrates investor confidence in the company's growth prospects and provides additional capital for business operations and expansion plans. Swojas Foods Limited has successfully completed another significant warrant conversion, with the board of directors approving the conversion of 20,00,000 warrants into equity shares on March 06, 2026. This latest conversion follows the company's previous warrant conversion of 16,00,000 shares in February 2026, demonstrating continued investor confidence and capital strengthening initiatives. March 2026 Board Meeting Outcomes The board meeting held on March 06, 2026, chaired by Managing Director and CFO Parthrajsinh Harshadsinh Rana, approved the conversion of 20,00,000 warrants into an equal number of equity shares. The meeting commenced at 05:00 PM IST and concluded at 05:35 PM IST. The conversion was conducted under SEBI (ICDR) Regulations 2018 and the Companies Act, 2013, with proper disclosure made under Regulation 30 of SEBI Listing Regulations. Meeting Details: Information Date: March 06, 2026 Chairperson: Parthrajsinh Harshadsinh Rana Duration: 05:00 PM to 05:35 PM IST Warrants Converted: 20,00,000 BSE Scrip Code: 530217 Warrant Conversion Details and Investor Information The conversion involved warrants originally issued through preferential allotment in December 2025 at an issue price of Rs. 16.50 per warrant. VICKY R JHAVERI HUF, a non-promoter entity, exercised the conversion option for 20,00,000 warrants from its total holding of 33,32,000 warrants. The investor paid the remaining exercise price of Rs. 12.375 per warrant, representing 75% of the original issue price. Conversion Details: Information Investor: VICKY R JHAVERI HUF Category: Non-Promoter Warrants Converted: 20,00,000 Exercise Price: Rs. 12.375 per warrant Total Amount Paid: Rs. 2,47,50,000 Outstanding Warrants: 13,32,000 Capital Structure Impact The latest warrant conversion has resulted in a substantial increase in the company's equity base. The paid-up equity share capital expanded from Rs. 36,66,26,500 to Rs. 38,66,26,500, representing an increase of Rs. 2.00 crore. The total number of equity shares increased from 3,66,62,650 to 3,86,62,650 shares of Rs. 10 face value each. Capital Structure Changes: Before Conversion After Conversion Paid-up Capital: Rs. 36,66,26,500 Rs. 38,66,26,500 Number of Shares: 3,66,62,650 3,86,62,650 Face Value per Share: Rs. 10.00 Rs. 10.00 Amount Raised: - Rs. 2,47,50,000 Regulatory Compliance and Future Plans The newly allotted equity shares rank pari-passu with existing equity shares, ensuring equal rights for all shareholders. The company will apply for listing and trading approval from BSE for the newly issued shares in due course. This conversion, combined with the previous February 2026 conversion, demonstrates the company's successful capital mobilization strategy through warrant conversions. The original warrant allotment of 2,59,84,500 warrants was made following shareholder approval at the Extra Ordinary General Meeting held on December 03, 2025, and BSE's in-principle approval dated December 08, 2025. With continued warrant conversions, Swojas Foods Limited is strengthening its financial position for future growth initiatives. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. 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