Swadeshi Industries & Leasing Ltd — Important, 05-03-2026: Company Update

Swadeshi Industries & Leasing's board has approved the conversion of 1.23 crore convertible warrants into an equal number of equity shares. Each share, with a face value of Rs. 10, was issued at Rs. 10 upon full subscription, bringing in a total of Rs. 12.31 Cr. These new equity shares were allotted to both Promoters and Non-Promoters, effectively increasing the company's equity base and strengthening its capital structure.