Sindhu Trade Links Ltd has issued a corrigendum to the notice of its Extraordinary General Meeting (EGM) scheduled for June 18, 2026. The amendments address observations from the National Stock Exchange of India Limited (NSE) and BSE Limited regarding the proposed preferential issues to acquire stakes in Advent Coal Resources Pte. Ltd. and Sainik Mining and Allied Services Limited.

The corrigendum updates the explanatory statements for Item No. 3 and Item No. 4 of the EGM notice. These items concern the preferential allotment of equity shares and 0.1% Cumulative Compulsorily Convertible Preference Shares (CCPS), respectively. The company is seeking shareholder approval to issue 30,04,55,030 equity shares and 97,176,757 CCPS to fund the acquisitions.

Pricing and Valuation

The company has clarified the pricing mechanism for the preferential issues. The price of the equity shares and CCPS has been fixed at INR 23.13 per share, comprising a face value of INR 1 and a premium of INR 22.20. This price is based on the higher of the 90-day and 10-day volume weighted average prices on the NSE as of the relevant date, May 19, 2026, and a valuation report from independent registered valuer Mr. Rajan Sahdev.

The valuation report provided the following values:

Acquisition Details

The preferential allotment of equity shares is intended to acquire a 78.26% equity shareholding in Advent Coal Resources Pte. Ltd. for a total consideration of INR 697.056 crore. The allotment of CCPS is for the acquisition of a 50.1% equity shareholding in Sainik Mining and Allied Services Limited for a total consideration of INR 225.45 crore.

The company has appointed M/s ACER Credit Rating Private Limited as the monitoring agency for both issues. The updated notice and corrigendum are available on the company's website and the websites of BSE and NSE.

Sindhu Trade Links Limited reported a consolidated net profit of ₹5,744.44 lakh for the financial year ended March 31, 2026. The company's board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026. The statutory auditors, M/s NGC & Associates LLP, issued an audit report with an unmodified opinion on the standalone financial results. Rudra Sen Sindhu, Chairman & Director, signed the financial statements on behalf of the board.

Q4 Consolidated Performance

Sindhu Trade Links delivered a notable turnaround in the quarter ended March 31, 2026, on a consolidated basis. The company reported a net profit of ₹1,396.08 lakh for Q4, compared to a loss of ₹5,897.95 lakh in the same quarter of the previous year. Quarterly consolidated revenue stood at ₹12,825.22 lakh, against ₹57,652.37 lakh in the year-ago period. EBITDA swung to a gain of ₹1,823.92 lakh from a loss of ₹6,303.58 lakh year-on-year, with an EBITDA margin of 4.49% for the quarter.

Full-Year Financial Highlights

The standalone financial results for the full year show a net profit of ₹2,457.41 lakh, compared to ₹3,849.70 lakh in the previous year. Total standalone income from operations stood at ₹44,386.53 lakh, down from ₹50,810.63 lakh in FY25. The company reported a basic earnings per share (EPS) of ₹0.16 for the year, compared to ₹0.25 in the prior year. For the quarter ended March 31, 2026, the standalone net profit was ₹818.60 lakh.

On a consolidated basis, total income for FY26 was ₹57,964.51 lakh, a significant decrease from ₹2,29,270.40 lakh in the previous year. The consolidated net profit for the year was ₹5,744.44 lakh, compared to ₹12,158.92 lakh in FY25. The decline in consolidated income was primarily driven by the Overseas Coal Mining & Trading segment, which reported revenue of ₹5,024.04 lakh for the year, down from ₹1,20,834.92 lakh in the prior year. The company noted that negative revenue in this segment for the quarter was due to adverse currency conversion rates.

Regulatory and Governance

The board took on record the audit report submitted by the statutory auditors pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting was conducted through hybrid mode at the Corporate Office in Gurugram.