Sellwin Traders Limited, an Indian company listed on the Bombay Stock Exchange (BSE: 538875), has taken a significant step towards international expansion by signing a non-binding Memorandum of Understanding (MOU) with Shivam Contracting Inc., a New Jersey-based construction firm. The agreement, inked on August 22, 2025, outlines Sellwin's intention to make a strategic investment of up to USD 6.00 million in Shivam Contracting over a three-year period.

Investment Details and Regulatory Compliance

The proposed equity-linked investment is subject to various statutory and regulatory approvals in both India and the United States. Sellwin Traders will need to comply with regulations set by the Foreign Exchange Management Act (FEMA), Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), and the Bombay Stock Exchange (BSE).

Strategic Objectives

This strategic association aims to enable Sellwin Traders to participate in current and future projects undertaken by Shivam Contracting in the United States. The move could potentially open up new avenues for growth and diversification for the Indian company in the US construction market.

About Shivam Contracting Inc.

Established in 2010 and led by CEO Er. Dikesh J Patel, Shivam Contracting has built a strong reputation in the New Jersey and New York region. The company specializes in commercial, industrial, and civil construction, with a particular focus on gas station developments for major brands such as Sunoco, BP, Shell, and Exxon.

Key Project Highlights

Shivam Contracting's portfolio includes:

• Gas station development projects for Sunoco, BP, Shell, and Exxon across New York and New Jersey
• Commercial retail complexes with integrated convenience stores
• Municipal infrastructure improvements for public utility and safety

A notable project in their portfolio is the complete design, engineering, and construction of a state-of-the-art Sunoco fueling station in Brunswick, NY, featuring modern canopy design, multiple fueling points, advanced POS systems, and integrated retail space.

MOU Terms and Next Steps

The MOU is primarily non-binding, with the exception of clauses relating to confidentiality, governing law, and dispute resolution. Definitive agreements are expected to be executed following the completion of due diligence and receipt of necessary regulatory approvals.

Company Statements

Pratiti Patel, Company Secretary & Compliance Officer of Sellwin Traders Limited, stated in the BSE filing, "The strategic association is aimed at enabling the Company to participate in current and future projects undertaken by Shivam Contracting Inc. in the United States."

As both companies move forward with this potential partnership, investors and industry observers will be keen to see how this strategic investment unfolds and what opportunities it may bring for Sellwin Traders in the US construction market.

Note: This article is based on the information provided in the Memorandum of Understanding and subsequent regulatory filings. The investment is subject to due diligence and regulatory approvals, and the final terms may vary.

Sellwin Traders Limited, a Kolkata-based company, has announced plans to raise approximately Rs 399.00 crore through a preferential issue of convertible warrants. The decision was made during a board meeting held on July 31, 2025, marking a significant move for the company's financial strategy.

Authorized Share Capital Increase

The board approved an increase in the company's authorized share capital from Rs 50.00 crore to Rs 58.40 crore. This decision is subject to shareholder approval and will require an alteration of the company's Memorandum of Association.

Warrant Issue Details

The company plans to issue up to 4.75 crore warrants at a minimum price of Rs 8.40 per warrant. Each warrant will be convertible into one equity share of Rs 2.00 face value within 18 months from the date of allotment. The warrants will be issued to 103 allottees through a preferential allotment.

Key Allottees

Some of the notable allottees include:

Payment Structure

The warrant holders are required to pay 25% of the issue price upfront, with the remaining 75% payable upon conversion of the warrants into equity shares.

Scrutinizer Appointment

CS Ankur Dineshchandra Gandhi, a Practicing Company Secretary, has been appointed as the scrutinizer for the e-voting process of the postal ballot.

Implications

This move by Sellwin Traders Limited could potentially lead to a significant influx of capital, which may be used for various purposes such as expansion, debt reduction, or strengthening the company's financial position. The success of this warrant issue and subsequent conversion into equity shares could result in a notable change in the company's shareholding pattern.

Investors and market watchers will be keen to observe how Sellwin Traders utilizes these funds and the impact on the company's future growth and performance. The company will need to secure shareholder approval for these decisions through a postal ballot process.

As the warrants are convertible within 18 months, it will be interesting to see how many warrant holders choose to convert their holdings into equity shares and at what pace. This could have implications for the company's equity structure and potentially its stock price in the coming months.