Sindhu Trade Links Limited has scheduled a meeting of its Board of Directors on Friday, May 22, 2026, at 04:00 P.M. The meeting will be held at the company's Corporate Office to discuss and approve key strategic proposals regarding acquisitions and related party transactions.

Agenda for Acquisition

The primary focus of the board meeting is the acquisition of controlling interest in two entities. The directors will consider the acquisition of equity shares of M/s Advent Coal Resources Pte. Limited and M/s Sainik Mining and Allied Services Limited. The acquisition strategy involves the allotment of equity shares and compulsory convertible preference shares of sindhu trade links on a preferential basis. This process is subject to all applicable corporate, statutory, regulatory, and stock exchange approvals.

Related Party Transactions

In addition to the acquisitions, the board will discuss a proposed material related party transaction and other connected matters. This includes the approval of the draft notice for an Extra-Ordinary General Meeting and the enabling resolutions required under applicable law. The board will also address any other matter with the permission of the Chairman.

Trading Window Closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the company has announced the closure of the trading window. The window for dealing in the company's securities by designated persons, as defined in the company's Code of Conduct, will close on May 19, 2026. It will remain closed until 48 hours after the declaration of the outcome of the board meeting.

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.

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.

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.