Statement of Deviation or variation in utilization of funds raised under preferential issue - Regulation 32 of the SEBI (LODR) Regulations, 2015
Awaiting price reaction for this filing.
Sellwin Traders has filed its quarterly compliance statement on how it used the money raised through a preferential allotment of convertible warrants (April 2025), with no deviations reported from the originally approved purposes. Of the ₹865.08 lakhs planned, ₹817.88 lakhs has been utilised till 30 September 2025 across working capital (₹427.38L out of ₹472.88L), investments (₹199.10L out of ₹200L), general corporate purposes (₹180.20L fully utilised) and fund-raising expenses (₹11.20L out of ₹12L). During the quarter, the company received ₹306.46 lakhs from allottees and moved ₹259.26 lakhs from its special account into the main account for the stated objects, while ₹47.20 lakhs is still parked in the special account. The company has noted that the balance portion of the preferential issue is still pending to be raised, and additional compliance filings will follow.
This is a routine regulatory filing confirming funds raised via the preferential issue are being used as promised, with no misuse or diversion flagged — broadly neutral for shareholders. The small unutilised balance (₹47.2L) in the special account and the still-pending tranche mean further dilution or fundraising updates may be needed later.