Intimation of Notice of Postal Ballot dated 31.07.2025
Awaiting price reaction for this filing.
Sellwin Traders Ltd has issued a Postal Ballot notice seeking shareholder approval for two key resolutions. The first is an Ordinary Resolution to increase the authorised share capital from ₹50 crore (25 crore equity shares of ₹2 each) to ₹58.40 crore (29.20 crore equity shares of ₹2 each), along with a corresponding amendment to the Memorandum of Association. The second is a Special Resolution to issue up to 4.75 crore convertible warrants on a preferential basis at ₹8.40 per warrant (face value ₹2 plus premium of ₹6.40), to be allotted to 103 identified non-promoter allottees. The e-voting window runs from August 3, 2025 (9:00 AM) to September 1, 2025 (5:00 PM), with the cut-off date for eligibility set as July 25, 2025. CDSL has been engaged to provide the e-voting facility, and Mr. Ankur Dineshchandra Gandhi has been appointed as the Scrutinizer.
If approved, the warrant issue could result in significant equity dilution for existing shareholders upon conversion, while providing the company with potential fund-raising capacity of up to roughly ₹39.9 crore (if all warrants are exercised). The increase in authorised capital is a prerequisite to accommodate this preferential issuance.