Sellwin Traders Limited concluded its 46th Annual General Meeting on September 29, 2026, approving standalone and consolidated audited financial statements for FY26. The meeting was conducted via video conferencing in compliance with Ministry of Corporate Affairs circulars.

Director Monil Navinchandra Vora chaired the session, noting the presence of statutory auditor Parth R. Shah and secretarial auditor Ankur Dineshchandra Gandhi. The company provided e-voting facilities through CDSL from September 26 to September 28, 2026, with additional voting rights extended during the meeting.

Resolutions passed by shareholders

The members adopted the following ordinary resolutions with requisite majority:

1. Adoption of standalone audited financial statements and board/auditor reports for FY26.
2. Adoption of consolidated audited financial statements and auditor reports for FY26.
3. Re-appointment of Monil Navinchandra Vora as director liable to retire by rotation.
4. Appointment of Parth R. Shah & Co. as statutory auditors until the conclusion of the 51st AGM.

Governance and audit updates

Parth R. Shah & Co. (FRN: 153846W) was appointed as statutory auditors for a five-year term. Ankur Dineshchandra Gandhi served as the scrutinizer for the e-voting process. The meeting commenced at 3:00 pm and concluded at 3:20 pm with a vote of thanks.

Sellwin Traders Limited discontinued its proposed holding and subsidiary relationship with Global Market Insights IT Service LLC (GMIIT) on September 5, 2026.

The company cited the outcome of due diligence and an assessment of commercial viability as the reasons for not proceeding with the transaction. No definitive or binding agreement was executed between the two entities.

Transaction Details

The Memorandum of Understanding (MOU) was originally entered into on August 21, 2025. It was valid for a period of six months from that date or until the execution of a definitive agreement, whichever occurred earlier. The MOU has now expired.

Financial Impact

Sellwin confirmed that no funds were raised, transferred, invested, or deployed towards the proposed investment in GMIIT. Consequently, the discontinuation of the transaction has resulted in no financial impact on the company.

The company stated that no further action is contemplated pursuant to the aforementioned MOU.