Statement of Deviation or Variation in utilized of funds raised under Preferential issue-Regulation 32 of the SEBI (LODR) Regulations, 2015
Awaiting price reaction for this filing.
Sellwin Traders has filed a quarterly compliance statement showing how it used the ₹5.59 crore raised through a preferential allotment of 1,87,20,000 convertible warrants (priced at ₹5.50 each, including a ₹3.50 premium) on 4 April 2025. Of the ₹5.59 crore received, ₹5.53 crore has been transferred from the special account and deployed as planned: ₹2.66 crore towards working capital, ₹1.99 crore for investments, ₹0.78 crore for general corporate purposes, and ₹0.10 crore for fund-raising expenses. The company confirms there has been no deviation or variation from the originally disclosed objects, with only ₹0.06 crore still parked in the special account. The balance portion of the preferential issue is yet to be raised, and further deviation statements will be filed in subsequent quarters.
This is a routine compliance disclosure and not a price-moving event. It reassures shareholders that the recently raised funds are being deployed as promised with no misuse or change in purpose, which is mildly positive for governance perception. No material impact on stock price is expected.