In terms of Regulation 30 od SEBI (LODR) Regulations, 2015 we wish to inform you that the EGM of the Company M/s Sindhu Trade Links Limited is scheduled to be held on 18th June, 2026.
SINDHUTRAD · price
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Sindhu Trade Links Limited has called an EGM on June 18, 2026 to seek shareholder approval for three major matters. First, the company proposes to increase its authorized share capital from INR 156 crore to INR 196 crore to accommodate new share issuances. Second, shareholders will vote on acquiring a 78.26% stake in Advent Coal Resources Pte. Ltd., Singapore for INR 697.056 crore (at INR 4.23 lakh per share), to be paid via allotment of 30.04 crore new equity shares at INR 23.20 per share. Third, the company seeks approval to acquire a 50.1% stake in Sainik Mining and Allied Services Limited for INR 225.45 crore (at INR 1,055.10 per share) via issuance of 9.72 crore Cumulative Compulsorily Convertible Preference Shares (CCPS) at INR 23.20 each. Both acquisitions involve related parties including promoter Dev Sindhu and other Sindhu family members. The transactions qualify as material related party transactions under SEBI regulations.
These dual acquisitions totaling INR 922.5 crore represent a major strategic expansion into coal mining and mining services sectors. Existing shareholders will face significant dilution of approximately 51% from the new share issuances. The related party nature of these transactions (involving promoters selling to their own company) may raise governance concerns among minority shareholders.