Acquisitions22 May 2026, 05:31 pm
Sindhu Trade Links: ₹40 Cr Capital Increase, Acquisitions Approved
AI Summary
Sindhu Trade Links Ltd's board approved increasing authorized share capital from ₹156 Cr to ₹196 Cr, including preference shares. They also approved acquiring Advent Coal Resources Pte. Ltd. and Sainik Mining and Allied Services Limited via share swaps. The board set May 19, 2026, as the relevant date for preferential issuances and scheduled an EGM on June 18, 2026, to seek shareholder approval.
Key Highlights
- Authorized share capital increased from ₹156 Cr to ₹196 Cr, pending shareholder approval.
- Acquisition of Advent Coal Resources Pte. Ltd. via preferential issue of 30,04,55,230 equity shares.
- Acquisition of Sainik Mining via preferential issue of 9,71,67,757 CCPS.
- EGM scheduled for June 18, 2026, to approve the capital increase and acquisitions.
- May 19, 2026, is the relevant date for determining the floor price for preferential issuances.
Price Impact
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