Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we, Sindhu Trade Links Limited (the 'Company'), hereby ....
SINDHUTRAD · price
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Sindhu Trade Links Limited's board approved two major strategic acquisitions in the mining sector. Transaction A involves acquiring 78.26% stake in Advent Coal Resources Pte. Ltd., Singapore for INR 697.06 Crore via issuance of ~30.05 Crore equity shares at INR 23.20 each. Transaction B involves acquiring 50.10% stake in Sainik Mining and Allied Services Limited for INR 225.45 Crore via issuance of ~9.72 Crore CCPS at INR 23.20 each. Both transactions are share swaps via preferential issuance. The company also approved increasing authorized share capital from INR 156 Crore to INR 196 Crore. Sainik Mining has strong revenues (INR 1,088 Crore in FY25) while Advent Coal is pre-revenue (zero turnover), owning interest in an Indonesian coal project. Both acquisitions are related party transactions with promoters. An EGM has been scheduled for June 18, 2026 for shareholder approval.
Significant dilution for existing shareholders as ~39.77 Crore new shares will be issued, potentially reducing their percentage holding substantially. However, the acquisitions bring mining expertise and revenue-generating assets that could create long-term value. The preferential issuances to promoter group members will increase their collective stake, which investors should monitor closely.