Sellwin Traders Limited has announced the resignation of its statutory auditor M/s. J. Singh & Associates, effective January 15, 2026. The company filed the necessary regulatory disclosure with BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor Details and Tenure

The resignation involves Hemant Kumar Shantilal Mehta, Partner at J. Singh & Associates (FRN: 110266W), who served as the statutory auditor for the company. The auditing firm was originally appointed on September 1, 2023, with a term scheduled to expire on September 30, 2028.

Reasons for Resignation

The auditing firm cited two primary reasons for their resignation:

• Partner Resignation: A key partner who was primarily responsible for overseeing audits of Sellwin Traders Limited recently resigned from the partnership, resulting in a significant reduction in audit leadership capacity
• Staff Constraints: The firm is experiencing acute staff shortages and resource limitations, making it unable to allocate necessary team strength for timely and quality audit completion

Regulatory Compliance

J. Singh & Associates confirmed that there are no other material reasons for the resignation beyond those stated. The firm provided all required information and explanations under Section 140(2) of the Companies Act, 2013, read with Rule 8 of the Companies (Audit and Auditors) Rules, 2014.

The auditor also confirmed that no concerns were raised with the Audit Committee or Board of Directors prior to the resignation, and there were no instances where requested information was not provided by the company management.

Company Response

Sellwin Traders Limited, through Company Secretary & Compliance Officer Pratiti Patel, filed the resignation letter along with Annexure A as per the circular issued by the Securities Exchange Board of India (CIR/CFD/CMD1/114/2019) dated October 18, 2019. The company will need to appoint a new statutory auditor to complete the remaining audit work within regulatory timelines.

Sellwin Traders Limited (ISIN: INE195F01027) has entered into a strategic association and share swap agreement with Patel Container India Private Limited (PCIPL) for a container manufacturing project in Bhavnagar, Gujarat. This partnership marks a significant move for Sellwin Traders as it diversifies its business interests and enters the manufacturing sector.

Key Details of the Agreement

• Investment: Sellwin Traders will invest an amount equivalent to 36% of the project valuation.
• Share Swap Mechanism: Both companies will allot equity shares to each other, subject to applicable laws and regulatory approvals.
• Project Financing: The State Bank of India (SBI) has sanctioned a term loan of INR 20 crore to support the project.
• Project Location: The container manufacturing facility will be established in Bhavnagar, Gujarat.

Financial Implications

The strategic partnership comes at a time when Sellwin Traders Limited has shown significant growth in its financial position. Let's look at some key financial metrics:

The company's strong financial growth provides a solid foundation for this new venture. The significant increase in total assets and shareholders' capital indicates that Sellwin Traders is well-positioned to undertake this strategic investment.

Strategic Significance

1. Diversification: This partnership allows Sellwin Traders to diversify its business portfolio by entering the container manufacturing sector.
2. Leveraging Growth: The container industry has seen increased demand due to global supply chain dynamics, making it a potentially lucrative sector.
3. Synergies: The share swap mechanism suggests potential synergies between Sellwin Traders and PCIPL, which could lead to mutual benefits in terms of expertise and market reach.

Outlook

While the agreement presents exciting opportunities, investors should consider the following:

1. Execution Risks: The success of the project will depend on effective execution and management of the new manufacturing facility.
2. Market Dynamics: The container manufacturing industry can be cyclical, influenced by global trade patterns and economic conditions.
3. Financial Impact: The investment's impact on Sellwin Traders' financials in the short to medium term will be crucial to monitor.

As this strategic partnership unfolds, stakeholders will be keen to see how Sellwin Traders leverages this opportunity to drive growth and create value in the container manufacturing sector.