Avance Technologies Signs Term Sheet to Acquire Excess2Sell, Entering B2B Inventory Liquidation Market

Avance Technologies Limited, a technology solutions provider, has announced a significant strategic move by signing a non-binding term sheet for the acquisition of Checkers India Technology Private Limited, which operates the B2B inventory liquidation marketplace www.Excess2Sell.com . This development marks Avance Technologies' entry into the high-potential overstock inventory liquidation space.

Key Highlights of the Proposed Acquisition

• Avance Technologies has signed a non-binding term sheet to acquire Excess2Sell.com, a tech-enabled B2B overstock inventory liquidation marketplace.
• The acquisition is subject to due diligence, negotiation of definitive agreements, and necessary regulatory approvals.
• Excess2Sell.com operates in various categories, including electronics, fashion, home goods, and lifestyle products.

Strategic Implications

The proposed acquisition aligns with Avance Technologies' vision to expand its technological footprint and address critical challenges in the retail industry. By integrating Excess2Sell's marketplace model with its existing technological infrastructure, Avance Technologies aims to unlock new growth opportunities in both B2B and B2C segments.

About Excess2Sell.com

Excess2Sell.com is positioned as India's premier tech-enabled B2B overstock inventory liquidation marketplace. The platform offers:

• A scalable solution for manufacturers, wholesalers, and retailers to efficiently liquidate surplus stock.
• Smart pricing algorithms and consumer insights to maximize recovery value.
• A user-friendly mobile application and web-based platform for easy access to surplus inventory deals.
• Features such as business registration, KYC completion, and real-time pricing tools.

Avance Technologies' Perspective

Vijay Purohit, CFO of Avance Technologies Limited, commented on the acquisition: "Building on this vision, the proposed acquisition of Excess2Sell will enable Avance Technologies to integrate its robust technological infrastructure with a proven marketplace model, unlocking new avenues for growth in both B2B and B2C segments."

Corporate Governance

The decision to enter into the non-binding term sheet was approved by Avance Technologies' Board of Directors during a meeting held on July 16, 2025. The company has stated that it will make further disclosures in accordance with applicable laws as material developments occur.

Avance Technologies Limited specializes in the distribution of IT products and offers a wide range of services, including digital media planning, social media marketing, mobile app marketing, and various other technology-related solutions.

As this strategic move unfolds, it has the potential to reshape Avance Technologies' market position and offer new solutions to address the pressing challenge of unsold inventory in the retail sector.