Acquisitions2 Mar 2026, 11:52 am
Sarda Energy & Minerals Ltd. Clarifies Volume Movement, Hon'ble Supreme Court Rejects All Appeals Against Company's Resolution Plan
AI Summary
Sarda Energy & Minerals Ltd. has clarified the increase in volume of its shares, stating that it is market-driven and the management is not connected with it. The company has always disclosed material information to the stock exchanges as required by Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Recently, the Hon'ble Supreme Court rejected all appeals of unsuccessful Resolution Applicants against the approval of the company's Resolution Plan for the acquisition of SKS Power Generation (Chhattisgarh) Ltd. under CIRP. The detailed order of the Hon'ble Supreme Court is awaited.
Key Highlights
- Sarda Energy & Minerals Ltd. clarifies increase in volume of its shares
- The increase in volume is market-driven and not connected with the company's management
- The company has always adhered to compliances required under the Listing Regulations and other applicable laws
- Hon'ble Supreme Court rejects all appeals against the company's Resolution Plan
- The acquisition of SKS Power Generation (Chhattisgarh) Ltd. under CIRP is approved