Sellwin Traders Ltd Reports Fund Utilization Against Preferential Allotment
Sellwin Traders Limited provided a detailed statement regarding the utilization of funds raised through preferential allotment involving Convertible Warrants in two separate tranches during the quarter ended June 30, 2026. The company reported that there was no deviation or variation in the use of these funds as per the submitted reports.The initial tranche of funding involved a Preferential Allotment conducted on April 4, 2025, totaling ₹925.08 Lakhs. For the quarter ending June 30, 2026, the company utilized these funds across several core corporate objectives. The utilization figures show slight variations in spending compared to the original allocations for working capital and investment activities.
Details regarding the utilization of the ₹925.08 Lakhs raised on April 4, 2025 are as follows:
| Object Category | Original Allocation (₹ Lakhs) | Funds Utilized (₹ Lakhs) |
|---|---|---|
| Funding of Working Capital Requirements | 472.88 | 471.38 |
| Investment | 260.00 | 259.29 |
| General Corporate Purpose | 180.20 | 180.20 |
The company reported that out of the amount received from allottees, ₹923.57 Lakhs was transferred from the Special Account to the Company account for utilization. The remaining balance of ₹1.51 Lakhs is held in the Special Account.
A second tranche of funding was completed via Preferential Allotment on December 5, 2025, raising a total of ₹1658.68 Lakhs. Similarly, for the quarter ending June 30, 2026, the company monitored and reported its utilization against this larger allocation across investments, working capital needs, general corporate purposes, and fund raising expenses.
The usage breakdown for the second tranche of funds is provided below:
| Object Category | Original Allocation (₹ Lakhs) | Funds Utilized (₹ Lakhs) |
|---|---|---|
| Investment | 913.98 | 879.11 |
| Funding of Working Capital Requirements | 350.00 | 341.67 |
| General Corporate Purpose | 54.61 | 52.26 |
| Fund Raising Expenses | 12.50 | 10.50 |
For this second allocation, the company received ₹1618.52 Lakhs from allottees and transferred this amount from the Special Account to the Company account for fund utilization. The remaining balance of ₹40.16 Lakhs is maintained in the Special Account.
Stock Price Movement
Sellwin Traders Ltd concluded the trading session on Wednesday, settling at ₹4.75, which was a 1.50% gain for shares. Throughout the day, the stock navigated an intraday movement ranging from a low of ₹4.51 to a high of ₹4.86.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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