According to reports from LiveMint, Sindhu Trade Links has updated its Extra-Ordinary General Meeting (EGM) notice for a preferential securities issue to acquire a Singapore firm and expand its mining operations. The EGM is scheduled for June 18, 2026, at 3:00 PM through video conferencing and other audio-visual means. The company revised its disclosures following observations and requests for additional information from the National Stock Exchange (NSE) and BSE. The revisions relate to the explanatory statement for Special Resolution Item Nos. 3 and 4 of the EGM notice originally issued on May 25, 2026.
As reported by LiveMint, Sindhu Trade Links had earlier proposed issuing equity shares on a preferential basis to acquire a 78.26% stake in Advent Coal Resources Pte. Ltd., Singapore, through a share-swap transaction. The latest disclosures reveal that the Advent Coal Resources acquisition is valued at ₹697.06 crore, with the company planning to allot 30.04 crore equity shares at ₹23.20 per share including a premium of ₹22.20 per share. The largest allotment under this proposal will be made to Indo Pacific Partners (PTC) Limited, trustee of The Indo Pacific Partners Trust, which is set to receive over 20.60 crore equity shares against consideration of ₹478.04 crore. Other beneficiaries include Astrea Fund Limited, RMK Investments Pte. Ltd., Sub Rosa Partners Pte. Ltd., Artham Resources Management-FZCO, and Sharifah Binti Syed Mohamad. Separately, the company plans to issue 0.1% Cumulative Compulsorily Convertible Preference Shares (CCPS) to acquire a 50.1% stake in Sainik Mining and Allied Services Ltd for ₹225.45 crore. The acquisition will be executed through issuance of 9.71 crore CCPS at ₹23.20 per security, which will be convertible into equity shares on a 1:1 basis.
According to the revised disclosures, the floor price was determined at ₹23.13 per share while the issue price has been fixed at ₹23.20 per security, with the valuation conducted by independent registered valuer Rajan Sahdev. The company has committed to reducing promoter holdings before conversion of the CCPS to ensure promoter and promoter-group ownership remains within the regulatory threshold of 75% on a fully diluted basis. To comply with minimum public shareholding norms, the company has appointed ACER Credit Rating Private Limited as the monitoring agency for both preferential issues, given that the transactions involve consideration other than cash and exceed ₹100 crore in size. The proposed transactions will not result in any change in management control, with the company clarifying that both the equity shares and CCPS have been priced in accordance with SEBI ICDR Regulations.
According to LiveMint, the company's shares have staged a strong recovery, surging 37% from the January lows of ₹17.64 apiece. However, the stock is still 38% below its 52-week high of ₹39.3, touched in July 2025. The scrip hit its 52-week low of ₹17.72 in January 2026, but has delivered positive returns across shorter timeframes, rising 6% in one month and 10% in six months. The proposed acquisitions are expected to strengthen Sindhu Trade Links' presence in the mining and coal sector while expanding its international footprint through the acquisition of Singapore-based Advent Coal Resources. Upon conversion of the CCPS, these securities could account for approximately 34.78% of the company's expanded equity base.
