Sindhu Trade Links Limited announced that Ramesh Shah ceased to be a Non-executive Independent Director on September 26, 2026. The departure follows the conclusion of his second term at the company's 34th Annual General Meeting.

The company filed a disclosure with BSE and NSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirms that Shah's tenure ended automatically upon the expiry of his statutory limit for independent directorship.

Cessation details

Ramesh Shah (DIN No. 00029864) served as an Independent Director until the close of the AGM held on Saturday, September 26, 2026. The cessation was due to the completion of his second term, a standard regulatory requirement for independent directors in India.

In a letter to the Board, Shah expressed gratitude for the opportunity to serve. He highlighted the constructive deliberations and mutual respect that characterized his tenure. He noted the collective efforts of the Board in steering the company through various opportunities and challenges.

Governance and compliance

The disclosure was signed by Suchi Gupta, Company Secretary & Compliance Officer. The filing included the requisite details as per Clause 7 of Para A of Part A of Schedule III of the SEBI Listing Regulations. It also referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD POD2/I/3762/2026 dated January 30, 2026.

Shah wished the company continued growth and prosperity under the leadership of the Board and management. He emphasized his confidence in the company's ability to create enduring value for shareholders and stakeholders.

Sindhu Trade Links Limited adopted its audited financial statements for FY26 and approved related party transactions worth ₹650 crore during its 34th Annual General Meeting held on September 26, 2026.

The meeting was conducted via Video Conferencing (VC) and Other Audio Video Means (OAVM), with 93 members attending virtually. Chairman Rudra Sen Sindhu presided over the session from the company's corporate office in Gurugram. The requisite quorum under Section 103 of the Companies Act, 2013 was present, allowing the board to proceed with the agenda items.

Key resolutions passed

Shareholders voted on several ordinary and special business items, including the re-appointment of directors and the regularization of additional independent directors. The board also sought approval for significant related party transactions for the upcoming fiscal years.

Director appointments and governance

The members approved the re-appointment of Nishi Sabharwal as an Independent Director via a special resolution. Additionally, the regularization of Ram Niwas Hooda and Bal Krishan Sharma as Additional Independent Directors for a three-year term was passed as ordinary resolutions. These moves ensure continued compliance with governance norms regarding independent director tenure and composition.

Related party transaction exposure

The approval of ₹650 crore in aggregate related party transactions highlights a significant operational dependency on affiliated entities. This figure comprises ₹350 crore allocated to ACB(India) Limited for FY27-28, and ₹100 crore each for Aryavrat Labtech Private Limited, Sindhu Farms Pvt. Ltd., and PM Fincap Limited for FY26-27. Such substantial commitments to related parties suggest that a large portion of the company's future revenue or expenditure flows through these interconnected entities.

Meeting proceedings and voting

Remote e-voting facilities were provided from September 23 to September 25, 2026, alongside live e-voting during the AGM. Payal Sharma, a practicing company secretary, served as the scrutinizer to ensure transparency in the voting process. The consolidated voting results were scheduled for announcement within 48 hours of the meeting's conclusion, adhering to listing regulations.