Sellwin Traders Shifts Registered Office Amid Temporary Trading Suspension
Sellwin Traders Limited has confirmed its move of registered office following temporary difficulties concerning its previous premises, a development that directly relates to the ongoing suspension of trading in its equity shares on the BSE platform.The company reported that the non-accessibility of its earlier registered office, located at 126/B, Old China Bazar Street, Kolkata - 700001, was temporary and resulted from circumstances outside the company's control. To maintain business continuity and regulatory compliance, Sellwin Traders has shifted its Registered Office to 214, Jodhpur Gardens, P.S. Lake, Kolkata - 700045, West Bengal, India.
The management confirmed that while the office relocation occurred, the principal business activities, statutory records, financial records, and all management functions continued without interruption from the company's Corporate Office. Consequently, there has been no disruption to the day-to-day business operations or investor servicing by Sellwin Traders Limited.
The company stated it had fully complied with all requirements and directions issued by the Exchange, including cooperation during inspections conducted at both the previous Registered Office and the current Corporate Office.
Sellwin Traders is currently awaiting the completion of the internal process by the Exchange for the revocation of the temporary suspension on its equity shares. The company has expressed hope that trading will be restored at the earliest upon the completion of the prescribed regulatory process.
The limited has emphasized its continued commitment to corporate governance and transparency, noting that more than 20,000 public shareholders are being adversely affected by the temporary suspension. In response to this impact, Sellwin Traders reiterated its request for the revocation process to be completed on a priority basis in the interest of investors.
Stock Price Movement
Sellwin Traders Ltd shares settled Wednesday posting a gain of 1.50%, finishing at ₹4.75. The stock traded within an intraday range, moving between a low of ₹4.51 and a high of ₹4.86.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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