Sellwin Traders Ltd has recently informed exchanges that the company signed a Memorandum of Understanding with SDF Productions Pvt Ltd, an agri-export firm that specializes in spices, pulses, pulp, rice, tea, fruit and vegetables. Sellwin anticipates revenue in excess of Rs 30 crore from the business arrangement, with a margins of 35-40%.
On September 25, 2024, the company’s Board of Directors is scheduled to meet to discuss issuing bonus shares and approving a stock split, subject to shareholder and regulatory approval. The board will also consider a business proposal that focuses on possible synergies and future integration to satisfy evolving consumer demands.
In the exchange filing, the company also shared, “Under the MoU, Sellwin Traders Ltd will supply agro products to SDF Productions Pvt Ltd, which will then distribute these products to both Indian and international markets based on purchase orders. Sellwin will provide financial support to SDF Productions for procurement from Indian suppliers. Recently, SDF Productions secured several orders for mango pulp, including a USD 259,500 order from Ninety Nine Foodstuff Trading L.L.C, two orders totaling USD 130,200 from Shing Exim General Trading L.L.C, and additional orders from The Springs Foodstuffs Trading Co L.L.C.”
