Ahmedabad (Gujarat) [India], May 20: The Board of Directors of Ahmedabad-based Selwyn Traders Limited has approved the proposal to make strategic investment in Patel Container India Pvt. Ltd. The company will acquire 36% stake in Patel Container which can be increased to 51%. % in the next two years. The investment from Selvi Traders will be used to help set up a new manufacturing facility for logistics containers in Bhavnagar district of Gujarat.
Headlines:-
• Selwyn Traders will acquire 36% stake in Patel Container which will be increased to 51% over the next two years.• The investment by Selwyn Traders will be used to support the establishment of a new manufacturing facility for logistics containers in Bhavnagar, Gujarat. Patel container where he proposes to invest Rs. 45 crores
• The company has also announced an investment of approximately Rs 50 crore. Rs 200 million in Sha Metacorp Ltd to take advantage of promising opportunities in the metals industry
• Conversion of preferential allotment of 1.2 crore warrants into equity shares of face value of Rs 1. crore completed. Rs 10 each on receipt of the balanced amount • Shri Vedant Rakesh Panchal was appointed as the Managing Director and Chairman of the Company with effect from 01.12.2019. May 17, 2024 subject to shareholder approval.Patel Container signs an MoU to invest Rs in Vibrant Gujarat Global Summit 2024. Rs 45 crore for manufacturing facility at Bhavnagar to set up a facility for logistics containers in Bhavnagar district of Gujarat. The project is estimated to generate employment for 100 people and is expected to be commissioned in the year 2025. Bhavnagar offers strategic advantages to the unit, including proximity to major ports and trade routes, which will optimize logistics and distribution. Will do.
During FY24, the company has transformed its business operations and recorded a 56% growth in total income. Compared to Rs 61.7 crore. 39.60 crore in FY23.Mr. Vedant Panchal, Managing Director, Selwyn Traders Limited, said, “The MoU to make strategic investment in Patel Container India Private Limited was executed on 1 May 2024. This venture not only diversifies Selwyn Traders' portfolio but also positions it profitably. - Logistics and development of metallurgical industry. Leveraging advanced manufacturing technologies and establishing efficient operational setup, Selwyn Traders can expect fruitful results from their investment in Patel Container India Private Limited.
The company spent approximately Rs. Investment plan of Rs. 1,000 has also been announced. The investment of Rs 200 million in Sha Metacorp Limited (BSE and NSE listed company) over the next two years is in line with the company's long-term growth strategy and aims to capitalize on the promising opportunities in the metals industry.The investment will be used to support Shah Metacorp Limited's expansion initiatives, enhance production capacity, strengthen research and development capabilities and explore new marque segments. Shah Metacorp Limited is known for its strong operational capabilities, innovative products and sustainable business practices and presents an attractive investment opportunity for our company.
In the Board meeting of the Company on 17th May 2024, the Company has appointed Mr. Vedanta Rakesh Panchal as the Managing Director and Chairman of the Company with effect from 17.05.2024, subject to the approval of the Shareholders. The Company has issued a preferential allotment of 1.2 Crore Warrants face value of Rs. The work of conversion of Rs. 1.2 crore equity shares has also been completed. 10 each. Pursuant to the Conversion, the issued, subscribed and paid-up equity share capital of the Company will increase to Rs. Consists of 2,02,60,000 fully paid equity shares worth Rs 20.26 crore.10 each. The company issued 1.20 crore equity shares at a price of Rs. On receipt of the balance amount Rs 12.95 per equity share. ₹9.7125 per equity share.
In April 2024, the company entered into a share purchase agreement to make a strategic investment in Patel & Patel E-Commerce & Services Pvt. Ltd. The company agreed to acquire 66.67% of the total paid-up share capital of Patel in the form of equity shares.Patel & Pat E-Commerce & Services Private Limited Patel & Pat E-Commerce & Services Private Limited is currently engaged in the business of software designing, development, customization, implementation, maintenance, benchmarking, testing, designing, developing and working in computer software. Is. a solution.
Consolidated Financial Highlights (Rs. Lakhs)
Description
Q4 FY24Q4 FY23
Growth year-on-year %
My 24FY23
Growth year-on-year %
Total Income2911.9
993.6
193.1%6173.0
3960.3
55.9%net profit
35.3
-154.6 loss to profit
96.2
0.8311485.5%
,
Headlines:-
• Selwyn Traders will acquire 36% stake in Patel Container which will be increased to 51% over the next two years.• The investment by Selwyn Traders will be used to support the establishment of a new manufacturing facility for logistics containers in Bhavnagar, Gujarat. Patel container where he proposes to invest Rs. 45 crores
• The company has also announced an investment of approximately Rs 50 crore. Rs 200 million in Sha Metacorp Ltd to take advantage of promising opportunities in the metals industry
• Conversion of preferential allotment of 1.2 crore warrants into equity shares of face value of Rs 1. crore completed. Rs 10 each on receipt of the balanced amount • Shri Vedant Rakesh Panchal was appointed as the Managing Director and Chairman of the Company with effect from 01.12.2019. May 17, 2024 subject to shareholder approval.Patel Container signs an MoU to invest Rs in Vibrant Gujarat Global Summit 2024. Rs 45 crore for manufacturing facility at Bhavnagar to set up a facility for logistics containers in Bhavnagar district of Gujarat. The project is estimated to generate employment for 100 people and is expected to be commissioned in the year 2025. Bhavnagar offers strategic advantages to the unit, including proximity to major ports and trade routes, which will optimize logistics and distribution. Will do.
During FY24, the company has transformed its business operations and recorded a 56% growth in total income. Compared to Rs 61.7 crore. 39.60 crore in FY23.Mr. Vedant Panchal, Managing Director, Selwyn Traders Limited, said, “The MoU to make strategic investment in Patel Container India Private Limited was executed on 1 May 2024. This venture not only diversifies Selwyn Traders' portfolio but also positions it profitably. - Logistics and development of metallurgical industry. Leveraging advanced manufacturing technologies and establishing efficient operational setup, Selwyn Traders can expect fruitful results from their investment in Patel Container India Private Limited.
The company spent approximately Rs. Investment plan of Rs. 1,000 has also been announced. The investment of Rs 200 million in Sha Metacorp Limited (BSE and NSE listed company) over the next two years is in line with the company's long-term growth strategy and aims to capitalize on the promising opportunities in the metals industry.The investment will be used to support Shah Metacorp Limited's expansion initiatives, enhance production capacity, strengthen research and development capabilities and explore new marque segments. Shah Metacorp Limited is known for its strong operational capabilities, innovative products and sustainable business practices and presents an attractive investment opportunity for our company.
In the Board meeting of the Company on 17th May 2024, the Company has appointed Mr. Vedanta Rakesh Panchal as the Managing Director and Chairman of the Company with effect from 17.05.2024, subject to the approval of the Shareholders. The Company has issued a preferential allotment of 1.2 Crore Warrants face value of Rs. The work of conversion of Rs. 1.2 crore equity shares has also been completed. 10 each. Pursuant to the Conversion, the issued, subscribed and paid-up equity share capital of the Company will increase to Rs. Consists of 2,02,60,000 fully paid equity shares worth Rs 20.26 crore.10 each. The company issued 1.20 crore equity shares at a price of Rs. On receipt of the balance amount Rs 12.95 per equity share. ₹9.7125 per equity share.
In April 2024, the company entered into a share purchase agreement to make a strategic investment in Patel & Patel E-Commerce & Services Pvt. Ltd. The company agreed to acquire 66.67% of the total paid-up share capital of Patel in the form of equity shares.Patel & Pat E-Commerce & Services Private Limited Patel & Pat E-Commerce & Services Private Limited is currently engaged in the business of software designing, development, customization, implementation, maintenance, benchmarking, testing, designing, developing and working in computer software. Is. a solution.
Consolidated Financial Highlights (Rs. Lakhs)
Description
Q4 FY24Q4 FY23
Growth year-on-year %
My 24FY23
Growth year-on-year %
Total Income2911.9
993.6
193.1%6173.0
3960.3
55.9%net profit
35.3
-154.6 loss to profit
96.2
0.8311485.5%
,
