Statement of Deviation or Variation in utilization of funds raised under preferential issue
Awaiting price reaction for this filing.
Sellwin Traders filed its quarterly statement on fund utilization for the preferential issue of convertible warrants made on 5 December 2025. The company raised ₹9.32 Crores through the allotment of 3.69 crore convertible warrants at ₹8.40 each (including ₹6.40 premium) with a face value of ₹2. Out of the amount received, ₹8.17 Crores was transferred to the company account and utilized, while ₹1.15 Crores remains in the special escrow account. The funds were deployed across investments (₹4.65 Cr used out of ₹5.49 Cr), working capital (₹3.28 Cr used out of ₹3.36 Cr), general corporate purposes (₹0.16 Cr used out of ₹0.35 Cr), and fund raising expenses (₹0.08 Cr used out of ₹0.12 Cr). The company confirmed there is no deviation or variation from the originally stated objects. Balance funds from the preferential issue are yet to be raised and will be reported in future quarters.
No negative impact — the company has used funds in line with stated objectives with no deviation, which is a neutral to mildly positive compliance signal. Investors should note ₹1.15 Crore is still parked in the escrow account and the remaining ~75% of warrant money is yet to be called, meaning further dilution could occur when warrants are converted.