Swagtam Trading & Services Ltd — Updates, 14-05-2025: Company Update

Swagtam Trading & Services Limited has announced a board meeting approving the allotment of 24.15 lakh convertible warrants at Rs. 65 each to non-promoters on a preferential basis, raising Rs. 15.7 Cr. The company received 25% of the warrant price upfront, with the balance payable upon conversion within 18 months. If not converted, warrants will lapse and the initial amount forfeited. Additionally, the Board constituted an Allotment Committee including the Chairperson and three directors to oversee the process. This move strengthens equity capital and supports funding flexibility for the company.