SARDAEN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
BSE asked Sarda Energy & Minerals to explain a sharp rise in share trading volume. The company replied that it has always disclosed all material information on time and pointed to a recent positive update: on 27 February 2026, the Supreme Court dismissed appeals filed by unsuccessful resolution applicants against the NCLT's earlier approval of Sarda's Resolution Plan to acquire SKS Power Generation (Chhattisgarh) Ltd under the insolvency process. Sarda said the higher trading volume is purely market-driven and that the management is in no way connected to it, reaffirming compliance with listing rules.
The clarification removes uncertainty by confirming that the volume spike is likely a market reaction to the favourable Supreme Court ruling on the SKS Power acquisition, not insider activity. This is a positive signal for shareholders, as it validates the acquisition and removes a key legal hurdle, though the detailed order is still awaited.