16 lakh warrants converted into equity shares; paid-up capital rises to ~Rs. 49.89 crore
Swojas Foods has allotted 16 lakh fully paid equity shares of Rs. 10/- each on conversion of 16 lakh convertible warrants.
By ScoutQuest · · 2 min read
- Equity shares allotted on warrant conversion
- 16 lakh fully paid equity shares of Rs. 10/- each on conversion of 16 lakh convertible warrants
- Balance payment received per warrant
- Rs. 12.375/- per warrant, totalling Rs. 1.98 crore
- Paid-up equity share capital change
- rises from ~Rs. 48.29 crore to ~Rs. 49.89 crore; total equity shares go from 4,82,88,312 to 4,98,88,312
What the company told the exchange
The Board of Swojas Foods Ltd met on October 24, 2026 and approved the conversion of 16 lakh convertible warrants into 16 lakh equity shares of face value Rs. 10/- each, fully paid. These warrants were issued earlier on a preferential basis, and the conversion happened after the holder exercised the option attached to the warrants. The new shares have been allotted and will rank pari-passu with the existing equity shares in all respects.
Who converted and at what price
- The converting holder is Onelife Capital Advisors Limited, listed as a Non-Promoter in the annexure to the update.
- Each warrant was issued at Rs. 16.50/-, which includes a premium of Rs. 06.50/- per warrant.
- At the time of allotment, 25% of the issue price was received as warrant subscription money.
- The balance 75%, equal to Rs. 12.375/- per warrant, was received in cash on conversion.
- This balance amount aggregates to Rs. 1.98 crore.
How the share capital changes
- Paid-up equity share capital moves from ~Rs. 48.29 crore to ~Rs. 49.89 crore.
- The number of equity shares moves from 4,82,88,312 to 4,98,88,312.
- The company has said it will apply for listing and trading approval of the newly allotted shares in due course.
Background on the warrant issue
- The original preferential issue was of ~2.6 crore convertible warrants of face value Rs. 10/- each at Rs. 16.50/- each.
- Shareholders approved it at an Extra Ordinary General Meeting held on December 03, 2025, and BSE gave in-principle approval in December 2025.
- For the holder named in the annexure, the balance outstanding warrants for conversion are shown as 11,58,838.
What this means for a shareholder
- Conversion of warrants into shares brings in fresh cash to the company, here Rs. 1.98 crore.
- At the same time, the total number of equity shares rises, so existing holders now own a slice of a larger share base.
- Since the shares are issued against warrants already allotted and partly paid, this is a step in a process that was approved earlier, not a brand new fundraise announced now.
- The new shares are not yet listed; they become tradable only after the exchange grants listing and trading approval.
Points a reader may want to track
- The remaining warrants of the holder named in the annexure, and whether they are converted within the permitted timeframe.
- The exchange's listing and trading approval for the 16 lakh new shares.
- Any further disclosures on the balance warrants from the original ~2.6 crore warrant issue.
Also from Swojas Foods
16 lakh warrants converted into equity shares on preferential basis
24 Oct 2026
Board approves conversion of 16 lakh warrants into equity shares
24 Oct 2026
Board allots 24,25,000 equity shares on conversion of warrants; capital rises to 4,82,88,312 shares
24 Sep 2026
More numbers
- Convertible warrants allotted originally2,59,84,500
- Warrants converted into equity shares16,00,000
- Warrant issue price per warrant₹ 16.50/-
- Balance exercise price per warrant (75%)Rs. 12.375/-
- Amount received on conversionRs. 1,98,00,000.00/-
- Paid-up equity share capital after conversionRs. 49,88,83,120/-
- Total equity shares after conversion4,98,88,312
- Balance outstanding warrants for conversion11,58,838
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