Sellwin Traders share price is locked in the 2% upper circuit for the 28th consecutive session. Sellwin Traders Limited has expanded its equity share capital through the conversion of 49,35,000 warrants into an equal number of equity shares, following approval from its Board of Directors.
Here are the details:
Sellwin Traders Limited has announced a significant expansion of its equity share capital, following the conversion of 49,35,000 warrants into an equal number of equity shares. This strategic move, approved by the Company's Board of Directors at its meeting held on September 13, 2025, marks a substantial increase in the company's issued, subscribed, and paid-up equity.
The conversion was executed under a preferential allotment, granting specific persons/entities the right to convert their previously allotted warrants into fully paid-up equity shares of face value ₹2/- each. As a result, the company has allotted 49,35,000 Equity Shares.
Following this conversion, the Issued, Subscribed and Paid-up Equity Share Capital of Sellwin Traders Limited has increased to ₹46,97,15,000/-, now comprising 23,48,57,500 fully paid-up Equity Shares of ₹2/- each. The newly allotted equity shares are set to rank pari-pasu with the existing equity shares of the Company.
The issue price for these equity shares was ₹5.50/- per Equity Share. At the time of warrant allotment, an amount equivalent to 25% of the Warrant Issue Price (₹1.375/- per warrant) had been received. The balance 75% of the total consideration, amounting to ₹4.125/- per Equity Share, was received upon the exercise of the conversion rights.
The preferential allotment saw four allottees exercise their conversion rights. The details of these investors and their post-allotment shareholding are as follows:
Prior to this conversion, none of these individuals held shares in the company.
The warrants, which were part of a preferential allotment, granted holders the right to subscribe to one equity share per warrant. These warrant holders were entitled to exercise their conversion rights in one or more tranches within an 18-month period from the date of warrant allotment.
A key condition was that 25% of the warrant issue price was received upfront at the time of subscription and allotment of each warrant, with the remaining 75% payable upon the exercise of the warrant(s). Crucially, if a warrant holder failed to exercise their warrants within the 18-month period, the unexercised warrants would lapse, and the amount already paid would be forfeited by the company. The price and number of equity shares allotted upon exercise were subject to appropriate adjustments as permitted by applicable regulations.
Sellwin Traders share price is locked in the 2 per cent upper circuit on Monday. The stock price is hitting 28 consecutive upper circuits. The stock price has given almost 300 per cent returns in the last 6 months.
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