Equities, bonds, and real-world assets, with a focus on scalability, security, and seamless integration with existing financial and blockchain ecosystems. The Board of Directors of the company is scheduled to meet on September 25, 2024, to consider issuing bonus shares and approving a stock split, subject to shareholder and regulatory approval.
The company has also entered into Memorandum of Understanding with SDF Productions Pvt Ltd, an agri-export company specializing in spices, pulses, pulp, rice, tea, fruits, and vegetables. 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. On July 19, 2024, the Sellwin Board approved acquiring a 51% stake in SDF Productions Pvt. Ltd. This strategic investment aims to expand Sellwin Traders Ltd business through market growth, supply chain integration, and revenue enhancement. In April 2024, the company signed a share purchase agreement to acquire a 66.67% stake in Patel & Patel E-Commerce And Services Pvt Ltd. Patel Container signed an MoU at the Vibrant Gujarat Global Summit 2024 to invest Rs. 45 crore in a logistics container manufacturing facility in Bhavnagar, Gujarat.
The company also plans to invest Rs. 200 million in Shah Metacorp Ltd (BSE & NSE) over the next two years as part of its long-term growth strategy. The investment will support Shah Metacorp's expansion, boost production capacity, enhance R&D, and explore new markets. For Q1FY25 ended June 2024, the company reported 65.9% growth in revenue from operations to Rs. 16.63 crore as compared to Rs. 10.02 crore in quarter ended June 2023. Net Profit of the company during June 2024 quarter reported a rise of 104% to Rs. 70 lakh as against Rs. 34 lakh in quarter ended June 2023. During FY24, the company has turned around its business operations and reported 56% growth in total income to Rs. 61.7 crore as compared to Rs. 39.60 crore in FY23. In the previous quarter, the Company completed a preferential issue, allotting 3,17,80,000 convertible warrants at Rs. 12.95 each, raising Rs. 41.15 crore from non-promoter investors.