Board approves conversion of 16 lakh warrants into equity shares
Board of Directors approved the conversion of 16 lakh warrants into 16 lakh equity shares of face value Rs. 10/- each, fully paid.
By ScoutQuest · · 2 min read
- Equity shares allotted on warrant conversion
- 16,00,000 equity shares of face value Rs. 10/- each
- Balance exercise price received
- Rs. 12.375/- per warrant — Rs. 1.98 crore
- Paid-up equity share capital change
- from ~Rs. 48.29 crore to ~Rs. 49.89 crore; total shares 4,82,88,312 to 4,98,88,312
What the board approved
The Board of Directors, at its meeting on October 24, 2026, considered and approved the conversion of 16 lakh warrants into 16 lakh equity shares of face value Rs. 10/- each, fully paid, and allotted those shares. The conversion was exercised by a warrant holder in the Non-Promoter category under the preferential allotment of warrants made earlier.
Who converted and how much
- Onelife Capital Advisors Limited (Non-Promoter)
- Warrants held: 1,00,00,000
- Shares allotted on conversion: 16,00,000
- Amount paid for conversion at Rs. 12.375 per warrant: Rs. 1.98 crore
- Balance outstanding warrants for conversion as shown: 11,58,838
Where the money comes from
The warrants were originally issued at Rs. 16.50/- each, including a premium of Rs. 06.50/- per warrant, against receipt of 25% of the issue price. On conversion, the holder paid the remaining Rs. 12.375/- per warrant, equal to 75% of the issue price, taking the cash received by the company to Rs. 1.98 crore. The allotment was made for cash.
How the share capital changes
- Paid-up equity share capital: from ~Rs. 48.29 crore to ~Rs. 49.89 crore
- Number of equity shares: from 4,82,88,312 to 4,98,88,312
- The newly allotted shares rank pari-passu with the existing equity shares in all respects
The earlier disclosure had referred to an aggregate allotment of ~2.6 crore warrants at Rs. 16.50/- each; this conversion covers a part of that position.
What happens next
The company will apply to the stock exchange for listing and trading approval of the newly issued and allotted equity shares in due course.
How a retail investor can read this
- This is a step in a funding route the company had already approved: warrants convert into shares once the holder pays the balance amount, and the company receives that cash.
- Because new shares are created, the total number of shares goes up. Each existing share therefore represents a slightly smaller slice of the company than before, while the company has also gained Rs. 1.98 crore in cash.
- The shares are being issued to a Non-Promoter entity, on a preferential basis, at an issue price of Rs. 16.50/- per share including premium of Rs. 06.50/-.
- The new shares are not yet listed or tradable; the company has said it will apply for listing and trading approval.
Also from Swojas Foods
16 lakh warrants converted into equity shares; paid-up capital rises to ~Rs. 49.89 crore
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More numbers
- Warrants converted into equity shares16,00,000
- Balance exercise price per warrantRs. 12.375/-
- Amount received on conversionRs. 1,98,00,000.00/-
- Warrant issue price per warrant₹ 16.50/-
- Face value per equity shareRs. 10/-
- Paid-up equity share capital before conversionRs. 48,28,83,120/-
- Paid-up equity share capital after conversionRs. 49,88,83,120/-
- Total equity shares after conversion4,98,88,312
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