Coal mining agreement terminated for wholly owned subsidiary

Major Contract CancelledBusiness Updates View source PDF Explain this filing

SARDAEN · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.0%Reaction day

₹530.00

prior close

₹529.45

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.3%+0.3% vs market

Iron & Steel peers, median of 9sector-0.4%+0.4% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Smallcap 250 and 0.4 pts more than its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.7

10m

-1.5

15m

-1.3

30m

-1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.0-0.3+0.3-0.4+0.4

Next day

-2.9+2.2-5.1+1.3-4.2

-3.7+2.7-6.4+0.9-4.6

-5.0+2.8-7.8+1.0-5.9

-5.7+2.1-7.8+0.6-6.4

-5.4+0.4-5.8-1.0-4.4

-3.3+1.1-4.4-1.7-1.6

15d

+3.6-0.2+3.8+1.4+2.2

+4.5-3.1+7.6-3.6+8.1

-1.5-6.5+5.0-7.4+5.9

+11.6+8.3+3.3+7.1+4.5

UpDownMarket · Nifty Smallcap 250Sector · Iron & Steel peers, median of 9Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Sarda Energy's wholly owned subsidiary Kalyani Coal Mining (KCMPL) has had its agreement with South Eastern Coalfields Ltd (SECL) terminated for the Kalyani Underground Coal Mines project. The termination was sought by KCMPL itself because the project became unviable after a change in mine boundary. KCMPL is now working to get its security deposit released from SECL.

Likely market impact

Exits an unviable project, may free up capital. Security deposit recovery pending. Removes a potential growth avenue for the subsidiary.