Significant increase in volume has been observed in Sarda Energy & Minerals Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Sarda Energy & Minerals Limited has submitted their response.
SARDAEN · price
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NSE flagged a significant spike in trading volume in Sarda Energy & Minerals and sought clarification from the company. The company responded that the volume rise is purely market-driven and not connected to any management action. It pointed to a key update filed on February 27, 2026: the Supreme Court has dismissed appeals by unsuccessful resolution applicants against the NCLT's August 13, 2024 approval of the company's Resolution Plan to acquire SKS Power Generation (Chhattisgarh) Ltd. under the corporate insolvency resolution process. The detailed Supreme Court order is awaited. The company reiterated that all material disclosures under SEBI LODR regulations have been made on time.
The Supreme Court ruling removes a major legal cloud over the SKS Power Generation acquisition, which likely triggered the volume spike. Existing shareholders benefit from confirmed acquisition rights; no insider or management-related concerns were flagged in the exchange inquiry.