Sindhu Trade Links Limited received trading approval from BSE and NSE for 30,04,55,030 equity shares issued on a preferential basis. The new shares will commence trading from October 1, 2026.

The company confirmed the receipt of approvals via letters dated September 30, 2026. The National Stock Exchange of India Limited granted approval under reference number NSE/LIST/57629, while BSE Limited issued its approval under reference number LOD/PREF/RB/16/2026-27.

Details of the preferential allotment

The listed securities are equity shares with a face value of ₹1 each. The allotment was made to both promoter and non-promoter entities at a premium of ₹22.20 per share.

Regulatory compliance and listing

The intimation was filed under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both exchanges have admitted the shares to dealings on their respective platforms effective the specified date.

The company’s registered office is located in New Delhi, with a corporate office in Bengaluru. The compliance officer, Suchi Gupta, signed the digital communication to the exchanges confirming the listing details.

Sindhu Trade Links Limited submitted the consolidated voting results and scrutinizer report for its 34th Annual General Meeting held on September 26, 2026. The meeting approved related party transactions worth ₹650 crore and adopted the audited financial statements for FY26.

The submission was made to BSE and NSE on September 28, 2026, pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The AGM was conducted via Video Conferencing (VC) and Other Audio Video Means (OAVM), with 93 members attending virtually out of 39,415 shareholders on the record date of September 22, 2026.

Voting outcomes on key resolutions

Shareholders voted on several ordinary and special business items. The re-appointment of directors and the regularization of additional independent directors were passed with overwhelming support. Notably, votes cast by the promoter and promoter group were excluded from the calculation for resolutions where they were deemed interested, such as director re-appointments and related party transactions.

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 governance

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 announced within the stipulated timeframe, adhering to listing regulations.

What the numbers show

The voting data reveals a distinct divergence between promoter and public shareholder sentiment regarding related party transactions. While promoters voted unanimously in favor of all RPT resolutions, their votes were excluded from the final tally due to conflict of interest. Among non-promoter shareholders, institutional holders voted overwhelmingly against the RPTs with ACB(India), Aryavrat Labtech, Sindhu Farms, and PM Fincap, casting approximately 99% of their votes against these specific items. In contrast, non-institutional public shareholders supported these transactions with over 99% approval. This split indicates that while retail investors endorsed the management's plan, institutional investors raised concerns about the scale of related party exposure.