This is a regulatory disclosure made by Sellwin Traders Limited to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It provides an update on a previously disclosed Memorandum of Understanding (MOU).
The Company had entered into a Memorandum of Understanding (MOU) with Global Market Insights IT Service LLC (GMIIT) on August 21, 2025. The objective of this MOU was to explore a proposed business association aimed at establishing a holding and subsidiary relationship. This exploration was subject to the completion of due diligence and the subsequent execution of definitive agreements.
Pursuant to the due diligence process and an assessment of commercial viability, the proposed transaction was not found to be commercially viable. As a result, no definitive or binding agreement was executed between Sellwin Traders Limited and GMIIT. Consequently, the proposed holding and subsidiary relationship was not consummated.
The MOU had a validity period of six months from its date of signing (August 21, 2025) or until the execution of a definitive agreement, whichever occurred earlier. The MOU has now expired.
The Company confirms that no funds were raised, transferred, invested, or deployed towards the proposed investment in GMIIT. Accordingly, the proposed transaction has not resulted in any financial impact on the Company.
The Company states that the proposed transaction stands discontinued and that no further action is contemplated pursuant to the aforesaid MOU.