Sindhu Trade Links Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/05/2026 ,inter alia, to consider and approve Pursuant to Regulation 29 ....
SINDHUTRAD · price
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Sindhu Trade Links Ltd's Board meeting is scheduled for 22nd May 2026 at 4 PM to consider acquiring controlling interest in Advent Coal Resources Pte. Ltd. (Singapore) and Sainik Mining and Allied Services Limited. The acquisition would be funded through allotment of Equity Shares and Compulsory Convertible Preference Shares on preferential basis. The meeting also aims to approve a material related party transaction and the draft notice for an Extra-Ordinary General Meeting. All approvals are subject to applicable corporate, statutory, and regulatory clearances. The trading window for designated persons has been closed from 19th May 2026.
This acquisition signals the company's entry into or expansion in the coal mining sector, which could be significant for shareholders. The involvement of related party transactions and the need for shareholder approval through an EGM indicate a material corporate action that investors should monitor closely.