Sindhu Trade Links sets EGM to approve acquisitions

Sindhu Trade Links Limited has scheduled an Extraordinary General Meeting (EGM) on June 18, 2026, to seek shareholder approval for the acquisition of controlling stakes in Advent Coal Resources Pte. Ltd. and Sainik Mining and Allied Services Limited. The company plans to fund these strategic acquisitions, totaling INR 922.506 Crore, through the issuance of equity shares and Compulsorily Convertible Preference Shares (CCPS) on a preferential basis.

Strategic Acquisitions

The Board approved the acquisition of 78.26% of the issued and paid-up equity share capital of Advent Coal Resources Pte. Ltd., representing 16,477 equity shares. The total consideration for this transaction amounts to INR 697.056 Crore, to be discharged via the issuance of 30,04,55,030 fully paid-up equity shares at a premium of INR 22.20 per share.

In a separate transaction, the board approved the acquisition of 50.10% of the issued and paid-up equity share capital of Sainik Mining and Allied Services Limited, representing 21,36,765 equity shares. The consideration of INR 225.45 Crore will be discharged through the issuance of 9,71,76,757 CCPS at a premium of INR 22.20 per CCPS. These securities are convertible into equity shares at a 1:1 ratio within a maximum tenure of 18 months.

Capital Restructuring and EGM Details

To facilitate these expansions, the board approved increasing the authorized share capital from INR 156,00,00,000 to INR 196,00,00,000. This involves altering the capital clause of the Memorandum of Association to include 186,00,00,000 Equity Shares and 10,00,00,000 Preference Shares of INR 1 each. The relevant date for determining the minimum floor price for these issuances is May 19, 2026.

The Register of Members and Share Transfer Books will remain closed from June 12, 2026, to June 18, 2026. The e-voting period commences on June 15, 2026, and concludes on June 17, 2026. Suchi Gupta, Company Secretary, signed the notice regarding these developments.

Transaction	Target Entity	Stake Acquired	Consideration	Instrument Issued
Transaction A	Advent Coal Resources Pte. Ltd.	78.26%	INR 697.056 Crore	Equity Shares
Transaction B	Sainik Mining and Allied Services Limited	50.10%	INR 225.45 Crore	CCPS

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.41%	-6.36%	+5.75%	+8.28%	-11.38%	+3.38%

Sindhu Trade Links Limited announced that its Board of Directors has unanimously approved a significant acquisition during their meeting held on 24th April, 2026. The company will acquire up to 78.26% of the issued and paid-up equity share capital of Advent Coal Resources Pte. Ltd., Singapore, through a strategic share swap arrangement.

Board Meeting Outcomes and Regulatory Compliance

The Board meeting, which commenced at 4:00 PM and concluded at 4:40 PM on 24th April, 2026, approved the material investment proposal in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The acquisition will be executed entirely through share swap arrangements, with consideration discharged through issuance and allotment of equity shares on a preferential basis to the selling shareholders.

Acquisition Structure and Shareholders

The acquisition involves purchasing shares from six existing shareholders of Advent Coal Resources Pte. Ltd. The transaction structure demonstrates a comprehensive approach to gaining majority control of the target company's coal and infrastructure assets.

Shareholders:	Number of Shares
Indo Pacific Partners (PTC) Limited, as trustee of Indo Pacific Partners Trust	11,300
Astraea Fund Limited	4,122
RMK Investments Pte. Ltd	395
Sub Rosa Partners Pte. Ltd.	264
Artham Resources Management - FZCO	264
Sharifah Azzuwati Binti Syed Mohamad	132

Related Party Transaction Component

A significant portion of the acquisition constitutes a Material Related Party Transaction. The company will acquire 11,300 equity shares representing 53.67% of Advent Coal Resources from Indo Pacific Partners (PTC) Limited, acting as trustee of Indo Pacific Partners Trust. This transaction has received unanimous prior approval from the Audit Committee on 24th April, 2026, with promoter Dev Sindhu identified as a beneficiary of the trust.

Target Company Profile and Assets

Advent Coal Resources Pte. Ltd. was incorporated in Singapore on 10th November, 2011, and operates in the coal resources and infrastructure sector. The company maintains a strategic presence across multiple jurisdictions, with its primary assets located in Indonesia through nine subsidiaries.

Parameter:	Details
Country of Incorporation:	Singapore
Date of Incorporation:	10th November, 2011
Business Focus:	Coal Resources, Mining, and Infrastructure
Current Turnover:	Rs. 0.00
Number of Subsidiaries:	9
Underlying Assets Location:	Indonesia

The target company's subsidiary portfolio includes PT Bumi Berkat Jaya, PT Indonusa Prima Sentosa, PT Indo RAK Resources, PT Middle East Indonesia, PT Sinar Indonesia Perkasa, PT Semesta Resources Investindo, PT Trans Kutai Bahari, PT Trans Kutai Kencana, and PT Techno Orbit Persada.

Regulatory Approvals and Timeline

The transaction requires several regulatory approvals including shareholder approval via Extraordinary General Meeting, in-principle approval from stock exchanges, and compliance filings with Authorized Dealer Bank and RBI under Foreign Exchange Management Act, 1999. The specific cost of acquisition and pricing details will be determined in the next Board Meeting, with the company expecting to complete the acquisition by 15th July 2026.

Strategic Objectives

The acquisition aims to provide Sindhu Trade Links with ownership of overseas coal and infrastructure assets held by Advent Coal Resources and its subsidiary network. This strategic move positions the company to expand its presence in the coal resources sector across international markets, particularly in the Indonesian market through the target company's established subsidiary structure.