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.

Sellwin Traders Limited published the notice for its 46th Annual General Meeting on September 4, 2026. The company will hold the meeting on September 29, 2026, at 3:00 pm via video conferencing to approve FY26 financials.

The publication was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice appeared in 'Financial Express' (English) and 'Arthik Lipi' (Bengali). The dispatch of the notice was completed on September 3, 2026.

Meeting Agenda

The primary objective of the AGM is to transact ordinary business. This includes the adoption of standalone and consolidated audited financial statements for the year ended March 31, 2026. Shareholders will also consider the reappointment of Monil Navinchandra Vora as a director liable to retire by rotation. Mr. Vora holds a Bachelor of Commerce degree and CA Intermediate qualification and has served on the board since February 13, 2023.

Additionally, shareholders will appoint M/s. Parth R. Shah & Co. (FRN: 153846W) as statutory auditors. The firm’s tenure will extend from the conclusion of this AGM until the conclusion of the 51st AGM, covering a period of five years.

E-Voting and Logistics

Central Depository Services (India) Limited (CDSL) has been engaged to facilitate remote e-voting. The voting window opens on September 26, 2026, at 9:00 am and closes on September 28, 2026, at 5:00 pm. Only shareholders holding shares as on the record date of September 22, 2025, are eligible to vote.

Mr. Ankur Dineshchandra Gandhi serves as the scrutinizer for the voting process. In compliance with Ministry of Corporate Affairs circulars, physical presence is not required, and proxy appointments are not available. Body corporates may appoint authorized representatives by uploading a certified board resolution. The register of members and share transfer books will remain closed from September 23, 2026, to September 29, 2026.