Sindhu Trade Links Share Price Jumps Over 13% As Company To Consider Acquisition Of Sainik Mining And Advent Coal
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Sindhu Trade Links surged over 13 per cent on Wednesday after the company announced that its Board will consider acquisition of controlling stake in Advent Coal Resources Pte Ltd and Sainik Mining and Allied Services Ltd through preferential allotment route
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The Indian equity markets traded marginally lower on Wednesday, with the benchmark Nifty 50 index declining 0.06 per cent to 23,603.25 during the session. Small-Cap and Logistics-related stocks remained in focus amid corporate acquisition announcements and restructuring developments. In this segment, shares of Sindhu Trade Links surged 13.37 per cent to Rs 25.53 after the company informed exchanges about a Board meeting scheduled to consider strategic acquisitions.
Sindhu Trade Links Board Meeting Update
Sindhu Trade Links informed exchanges that the meeting of the Board of Directors is scheduled to be held on Friday, May 22, 2026 at 4:00 PM to consider multiple proposals, including acquisition-related matters.
The company stated that the Board will consider acquisition of equity shares of Advent Coal Resources Pte Ltd and Sainik Mining and Allied Services Ltd. The proposed transaction also includes related party transaction approvals and connected matters for acquisition of controlling interest in both companies.
According to the filing, the acquisition is proposed to be executed through allotment of equity shares and compulsorily convertible preference shares of Sindhu Trade Links on a preferential basis, subject to regulatory, statutory and stock exchange approvals.
Related Party Transaction Proposal
The Board will also consider proposed material related party transactions along with approval of draft notice for an Extraordinary General Meeting and enabling resolutions required under applicable regulations.
The company further informed that the trading window for dealing in securities by designated persons has been closed from May 19, 2026 and will remain closed till 48 hours after declaration of outcome of the Board meeting.
About Sindhu Trade Links
Sindhu Trade Links Ltd is engaged in transportation, logistics, mining and allied infrastructure-related businesses. The company operates across coal transportation, fleet management and support services segments.
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Disclaimer: This article is for informational purposes only and not investment advice.