Intimation under Regulation 30 for allotment of 49,35,000 Equity Shares
Awaiting price reaction for this filing.
Sellwin Traders has converted 49,35,000 warrants into equity shares of face value Rs. 2 each at a conversion price of Rs. 5.50 per share, with the balance 75% (Rs. 4.125 per share) now received from warrant holders. The shares were allotted under a preferential allotment to 4 individuals — Neelam Dharmesh Patel, Smita Patel, Patel Mitesh, and Falgun Anilkumar Yagnik — who all had zero shareholding before this allotment. Post-allotment, the company's paid-up equity capital has risen to Rs. 46.97 crore, comprising 23,48,57,500 shares. The newly issued shares will rank equally with existing shares.
This is a dilution event for existing shareholders, with share count increasing by about 2.15% (from ~23 crore to ~23.49 crore shares) as warrants previously issued are now being converted into equity. Existing shareholders' stake will marginally reduce as these 4 new allottees collectively hold about 2.1% of the company post-allotment.