Shares of Selwyn Traders Limited saw a rise of more than 4 percent today on January 20. This stock closed at Rs 4.60 on BSE with a gain of 4.07 percent. In fact, SDF Productions Private Limited, a subsidiary of Selwyn Traders, has been honored by Road Transport and Highways Minister Nitin Gadkari. The company was given this honor for its efforts in bringing Indian agricultural products, such as Nagpur oranges and Alphonso mango pulp, to the global market. With today’s rise, the market cap of the company has reached Rs 103.39 crore.
Selwyn Board authorized the acquisition of 51 per cent stake in SDF Productions Pvt Ltd on July 19, 2024. This strategic investment seeks to propel Selwyn Traders Limited’s company forward through supply chain integration, market expansion and revenue growth.
SDF Productions, a subsidiary of Selwyn Traders, has recently placed large orders from several international companies. Ayudhya Global FZC LLC has placed orders worth US$1.16 million, Rajesh Global GmbH has placed orders worth US$1.20 million, and Shing Exim General Trading LLC has placed orders worth US$1.15 million. These orders are mainly for Alphonso Mango Pulp, Kesar Mango Pulp etc.
Selwyn Traders expects this commercial agreement with SDF Productions Pvt Ltd to generate revenues of over Rs 30 crore annually, with attractive margins of 35-40%.
Additionally, Selwyn has entered into an agreement with SDF Productions Private Limited, an agri-export company specializing in rice, tea, fruits, vegetables, pulses, spices and pulp. As per the agreement, SDF Productions Private Limited will procure agricultural products from Selwyn Traders Limited and distribute them in the Indian and global markets as per purchase orders.
Selwyn Traders distributed 2,48,62,500 bonus equity shares, priced at Rs 2 per share, to eligible shareholders on November 4, 2024. The bonus shares were distributed from the Free Reserve and Security Premium Account, and were in the ratio of 1:8. This means that for every 8 existing fully paid-up equity shares of Rs 2 per share, one new fully paid-up equity share of Rs 2 per share was issued.
Along with this, the board of the company approved splitting of the fully paid up equity shares of face value of Rs 10 each into 5 equity shares of face value of Rs 2 each. The record date for the bonus and stock split was fixed as November 1, 2024.
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