Nature of the Disclosure
Sellwin Traders Limited has issued a regulatory disclosure regarding the temporary suspension of trading in its equity shares on the BSE platform.
Key Details of the Event
The temporary suspension was imposed by BSE in connection with the non-accessibility of the Company's previous Registered Office at 126/B, Old China Bazar Street, Kolkata – 700001. The Company clarifies that this non-accessibility was temporary and arose due to circumstances beyond its control.
Current Status and Actions Taken
To ensure regulatory compliance and business continuity, the Company has shifted its Registered Office to 214, Jodhpur Gardens, P.S. Lake, Kolkata – 700045, West Bengal, India. The Company confirms that its business operations, statutory records, financial records, and management functions have continued uninterrupted from the Corporate Office at Laram Centre, 208 A2 24, S V Road, Andheri (West) 400058.
The Company has fully complied with all BSE requirements and directions, including providing all documents, explanations, and complete cooperation during physical inspections conducted by Exchange officials at both the Registered Office and Corporate Office. The Company has responded promptly to every query raised by the Exchange.
Impact and Shareholder Information
The Company is currently awaiting completion of BSE's internal process for revocation of the temporary trading suspension. More than 20,000 public shareholders are being adversely affected by this suspension. The Company has repeatedly represented to the Exchange about this impact and requested priority completion of the revocation process.
Company Commitment
Sellwin Traders Limited reaffirms its commitment to maintaining high standards of corporate governance, transparency, regulatory compliance, and protection of shareholders' interests. The Company expects a positive outcome and early restoration of trading following completion of the Exchange's due process.