Pursuant to Regulation 30 of SEBI(LODR) Regulations, 2015, we are enclosing herewith a press release issued by Avance Technologies Limited. The contents of the press release are self-explanatory.
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Awaiting price reaction for this filing.
Avance Technologies Limited, a BSE-listed IT products and digital marketing company, has signed a non-binding term sheet to acquire Checkers India Technology Private Limited, which operates the B2B overstock inventory liquidation marketplace Excess2Sell.com. The target platform helps manufacturers, wholesalers, and retailers liquidate surplus stock across categories like electronics, fashion, home goods, and lifestyle products. The deal is subject to due diligence and regulatory approvals, and no transaction value or definitive timeline has been disclosed. The company says the move marks its entry into the underpenetrated overstock inventory liquidation space and complements its existing technology infrastructure.
This is only a preliminary, non-binding step — the acquisition is not confirmed and hinges on due diligence and approvals, so there is no immediate change to the stock's fundamentals. Shareholders should watch for further disclosures on deal valuation and definitive agreement terms, which will be the key triggers for any meaningful stock price reaction.