Regulatory1 Aug 2026, 02:30 pm
Sindhu Trade Links Gets In-Principle Approval for Share Issuance
AI Summary
Sindhu Trade Links Ltd has received in-principle approval from NSE and BSE for the preferential issue and allotment of 30,04,55,030 Equity Shares and 9,71,76,757 Compulsorily Convertible Preference Shares, each with a face value of Rs. 1/-. This approval is subject to the company fulfilling several conditions, including timely filing of listing applications, obtaining statutory approvals, and complying with SEBI regulations. The company has also been advised to strengthen internal controls to monitor trades by proposed allottees and obtain undertakings to prevent intra-day trading before allotment.
Key Highlights
- In-principle approval received from NSE and BSE for share issuance.
- Company to issue 30.04 crore equity shares and 9.71 crore preference shares.
- Approval is conditional on fulfilling regulatory and compliance requirements.
- Focus on strengthening internal controls for allottee trade monitoring.
Price Impact
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