Sindhu Trade Links EGM clears capital hike and Sainik Mining acquisition
SINDHUTRAD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sindhu Trade Links EGM on June 18, 2026 approved all 4 resolutions with over 99.99 percent support. Resolutions include increase in authorized share capital with MOA change, material related party transactions, Advent Coal Resources Pte. Ltd. deal covering valuation, share allotment and lock-in, and acquisition of 50.1 percent stake (21,36,765 shares) in Sainik Mining and Allied Services via CCPS on preferential basis. 58 of 40,400 shareholders voted through e-voting. Promoters were deemed interested and abstained.
Share capital increase and CCPS-based acquisition signal expansion plans but may dilute existing equity. Watch for completion updates on Sainik Mining deal.