Sindhu Trade Links to acquire 78.26% of Advent Coal Resources

Sindhu Trade Links Limited's Board of Directors has approved the acquisition of up to 78.26% of the issued and paid-up equity share capital of Advent Coal Resources Pte. Ltd., Singapore. The acquisition aims to gain ownership of overseas coal and infrastructure assets held by Advent Coal Resources and its nine subsidiaries. The consideration for this transaction will be entirely through a share swap, involving the allotment of Sindhu Trade Links' equity shares to the selling shareholders. A significant portion, 53.67%, of this acquisition from Indo Pacific Partners Trust, is identified as a material related party transaction, which has received prior approval from the Audit Committee. The transaction requires shareholder approval, in-principle approval from stock exchanges, and compliance with RBI under FEMA. The indicative time period for completion is by July 15, 2026.