Sindhu Trade Links Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on Jun 18, 2026
SINDHUTRAD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sindhu Trade Links Limited has called an EGM on June 18, 2026 to seek shareholder approval for two major acquisitions totaling INR 922.51 Crores and an increase in authorized share capital. First, the company proposes to acquire a 78.26% stake in Advent Coal Resources Pte. Ltd., Singapore for INR 697.06 Crores by issuing approximately 30.05 crore new equity shares at INR 23.20 per share (INR 1 face value + INR 22.20 premium). Second, the company proposes to acquire a 50.1% stake in Sainik Mining and Allied Services Limited for INR 225.45 Crores by issuing approximately 9.72 crore Cumulative Compulsorily Convertible Preference Shares (CCPS) at INR 23.20 per CCPS. The authorized share capital will increase from INR 156 Crores to INR 196 Crores. Both acquisitions qualify as material related party transactions as promoter Mr. Dev Sindhu has interests in the selling entities.
These acquisitions represent a significant expansion into coal mining and allied services. However, existing shareholders will face substantial dilution — approximately 16.31% from equity share issuance and 34.78% from CCPS conversion. The significant related party nature of the transactions requires careful scrutiny by independent shareholders.