Sellwin Traders Ltd signed a USD 2 million MoU with UAE-based Secorbit FZCO to develop a blockchain-based tokenization platform. The five-phase project will enable the tokenization of equities, bonds, and assets over the next 24 months. The board will meet on September 25 to discuss issuing bonus shares and a stock split.
The company also anticipates Rs. 30 crore in revenue from its partnership with SDF Productions for agro exports, with strong margins of 35-40%. SDF recently secured multiple orders, including mango pulp exports worth USD 400,000.
Sellwin’s Kolkata market perspective remains optimistic, driven by growing demand for blockchain solutions and agro products. With its recent acquisitions, including a 66.67% stake in Patel & Patel E-Commerce, the company expects a significant boost from logistical support in Gujarat, complementing Kolkata’s export potential.In Q1FY25, Sellwin reported a 66% rise in revenue to Rs. 16.63 crore and a 104% increase in net profit, highlighting its robust financial growth.
