Sindhu Trade Links Limited has informed the Exchange regarding Outcome of Board Meeting held on April 24, 2026.
SINDHUTRAD · price
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The Board of Directors of Sindhu Trade Links Limited has approved the acquisition of up to 78.26% equity stake in Advent Coal Resources Pte. Ltd., Singapore. The target company, incorporated in 2011, operates in coal resources and infrastructure with 9 subsidiaries in Indonesia including PT Bumi Berkat Jaya and PT Indonusa Prima Sentosa. The acquisition will be conducted via share swap, issuing new equity shares to selling shareholders. A key portion (53.67%) is being acquired from Indo Pacific Partners Trust, which is a related party as Promoter Dev Sindhu is a beneficiary. The transaction requires shareholder approval via EGM, in-principle exchange approval, and RBI/FEMA compliance. The indicative completion date is July 15, 2026. The cost of acquisition will be decided in a future Board meeting.
This acquisition marks Sindhu Trade Links' entry into the coal mining and infrastructure sector with overseas assets. The share swap structure avoids cash outflow but will dilute existing shareholders. The related party nature and nil turnover of the target may attract regulatory scrutiny.