StockWatch
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Diversified Commercial Services
Corporate Action5 Nov 2026, 02:36 pm

Sellwin Traders Converts Warrants to 77.05 Lakh Equity Shares

AI Summary

Sellwin Traders Ltd announced the conversion of 77,05,000 warrants into an equal number of equity shares of face value Rs. 2 each, following a Board of Directors meeting on November 5, 2026. This preferential allotment increases the company's issued, subscribed, and paid-up equity share capital to Rs. 50,54,33,112, comprising 25,27,16,556 equity shares. The newly issued shares will rank pari-passu with existing shares. The conversion was executed at a price of Rs. 8.40 per share, with Rs. 6.30 per share representing the balance payment for the warrants allotted via preferential allotment.

Key Highlights

  • 77,05,000 warrants converted into equity shares.
  • Equity share capital increased to Rs. 50.54 Crore.
  • New shares issued via preferential allotment.
  • New shares rank pari-passu with existing equity.