Sellwin Traders Converts 1.01 Cr Warrants into Equity Shares

Sellwin Traders Limited has successfully completed the conversion of 1,01,54,056 warrants into equity shares following its board meeting held on May 2, 2026. The meeting, which took place at the company's corporate office located at 401, Sun Orbit, Rajpath Rangoli Road, Bodakdev, Ahmedabad-380054, commenced at 01:30 P.M. and concluded at 02:00 P.M.

Warrant Conversion Details

The board approved the conversion of warrants into an equal number of equity shares with a face value of Rs. 2/- each. The conversion was executed through preferential allotment to 46 allottees who exercised their conversion rights. The equity shares were allotted at a price of Rs. 8.40/- per share, comprising Rs. 2.1/- received at the time of warrant allotment and Rs. 6.3/- received upon conversion.

Parameter Details Number of Warrants Converted 1,01,54,056 Equity Shares Allotted 1,01,54,056 Face Value per Share Rs. 2/- Allotment Price per Share Rs. 8.40/- Conversion Ratio 1:1 Allotment Method Preferential Allotment

Post-Allotment Capital Structure

Pursuant to the conversion, the Issued, Subscribed and Paid-up Equity Share Capital of the company stands increased to Rs. 49,00,23,112/-, consisting of 24,50,11,556 fully paid-up equity shares of Rs. 2/- each. The newly allotted equity shares rank pari-pasu with the existing equity shares of the company.

Key Allottees

The preferential allotment was made to 46 investors, including prominent entities such as Mideast Healthcare Private Limited, which received 4,000,000 shares representing 1.63% of the post-issue shareholding, and Rupaben Jayeshbhai Raval, who received 1,224,337 shares representing 0.50% holding. Other significant allottees included Surbhiben Satishkumar Desai (625,000 shares, 0.26%), Paras Mahendrabhai Shah (500,000 shares, 0.20%), and Madiya Roshni Deepeskumar (250,000 shares, 0.10%).

Company Information

Sellwin Traders Limited operates with its registered office at 126/B Old China Bazar Street, Kolkata 700001, and maintains its corporate office in Ahmedabad. Pratiti Patel, Company Secretary and Compliance Officer (Membership No.: A63826), signed the regulatory filings on behalf of the company. The warrant holders were entitled to exercise their conversion rights within 18 months from the date of warrant allotment, in accordance with SEBI (ICDR) Regulations.

Sellwin Traders Limited has completed the postal ballot voting process for the appointment of statutory auditors, with the resolution receiving overwhelming approval from shareholders. The voting, conducted under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, concluded on 19 April 2026. The company appointed Ankur Dineshchandra Gandhi of Ankur Gandhi & Associates as the scrutinizer to oversee the postal ballot process.

The postal ballot sought shareholder approval for appointing M/s. Parth R. Shah & Co. (FRN: 153846W), Chartered Accountants, as statutory auditors of the company. The voting period commenced from 9.00 a.m. IST on 21 March 2026 and concluded at 5.00 pm IST on 19 April 2026. The e-voting facility was provided by Central Depository Service (India) Limited (CDSL).

Voting Results Summary

The resolution was passed with the requisite majority, with participation primarily from public non-institutional shareholders. A total of 95 shareholders participated in the e-voting process, casting 33,008,742 votes. The detailed voting breakdown is as follows:

Category Votes in Favour Votes Against Total Votes % in Favour Public Non-Institutions 33,008,655 87 33,008,742 99.999 Promoter Group 0 0 0 0 Public Institutions 0 0 1,250,000 0 Grand Total 33,008,655 87 33,008,742 99.999

Key Meeting Details

The record date for determining shareholder eligibility was 13 March 2026, with a total of 22,601 shareholders on record. The scrutinizer's report was issued on 20 April 2026, confirming that the resolution was duly passed on the last date specified for voting. The votes cast under e-voting were unblocked and downloaded from the CDSL portal on 20 April 2026 at 10.22 A.M. in the presence of independent witnesses.

The postal ballot process was conducted in compliance with Section 110 and 108 of the Companies Act, 2013, read with Rule 20 and 22 of the Companies (Management and Administration) Rules, 2014, along with various MCA circulars issued between 2020 and 2025. The company's registered office is located at 126/B Old China Bazar Street, Kolkata 700001, while the corporate office operates from Ahmedabad.

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.