Sarda Energy & Minerals Terminates Coal Mining Agreement Due to Project Unviability

1 min read     Updated on 05 Feb 2026, 10:12 PM
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Reviewed by
Naman SScanX News Team
Overview

Sarda Energy & Minerals Ltd announced that South Eastern Coalfields Ltd has approved the termination of an agreement with its subsidiary Kalyani Coal Mining Pvt Ltd for operating Kalyani Underground Coal Mines. The termination was requested due to project unviability caused by mine boundary changes, and the subsidiary is now working to recover its security deposit from the terminated revenue-sharing arrangement.

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Sarda Energy & Minerals Ltd has announced the termination of a significant coal mining agreement involving its wholly owned subsidiary. The company informed stock exchanges on February 5th, 2026, about the approved termination of operations at Kalyani Underground Coal Mines.

Agreement Termination Details

South Eastern Coalfields Ltd (SECL) has approved the request from Kalyani Coal Mining Pvt Ltd (KCMPL), a wholly owned subsidiary of Sarda Energy & Minerals, for termination of their operational agreement. The agreement covered the re-opening, salvaging, rehabilitation, development and operation of Kalyani Underground Coal Mines on a revenue sharing basis.

Parameter: Details
Requesting Entity: Kalyani Coal Mining Pvt Ltd (KCMPL)
Approving Authority: South Eastern Coalfields Ltd (SECL)
Mine Type: Underground Coal Mines
Operation Basis: Revenue Sharing
Reason for Termination: Project Unviability

Reasons for Mine Surrender

The subsidiary requested termination of the agreement to surrender the mine due to project unviability. The primary factor contributing to this decision was a change in mine boundary, which rendered the project economically unfeasible for continued operations.

Financial Recovery Process

Following the agreement termination, KCMPL is actively pursuing the recovery of its financial commitments. The subsidiary is taking necessary steps to secure the release of the security deposit that was provided as part of the original mining agreement with SECL.

Corporate Disclosure

The announcement was made under Regulation 30 of securities regulations, highlighting the material nature of this development for stakeholders. Sarda Energy & Minerals communicated this information to both BSE Ltd and National Stock Exchange of India Ltd, ensuring proper regulatory compliance and transparency with investors.

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Sarda Energy & Minerals Reports Internal Promoter Group Share Transfer of 67,000 Equity Shares

1 min read     Updated on 30 Dec 2025, 06:34 PM
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Reviewed by
Radhika SScanX News Team
Overview

Sarda Energy & Minerals Ltd reported an internal promoter group share transfer of 67,000 equity shares on December 30, 2025, between Mr. Raghav Sarda and Prachi Agriculture & Properties Pvt. Ltd. The transaction was executed on stock exchanges due to technical issues with offline transfers and was undertaken to meet urgent personal fund requirements while maintaining overall promoter holding levels.

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Sarda Energy & Minerals Ltd has reported an internal share transfer within its promoter group, involving 67,000 equity shares on December 30, 2025. The transaction was conducted between two promoter group entities with no impact on the overall promoter shareholding pattern.

Transaction Details

The share transfer involved two simultaneous transactions executed on the same day:

Transaction Type: Details
Seller: Mr. Raghav Sarda (Promoter Group)
Buyer: Prachi Agriculture & Properties Pvt. Ltd. (Promoter Group)
Shares Transferred: 67,000 equity shares
Transaction Date: December 30, 2025
Exchange Method: Stock exchanges

Rationale and Execution

The company explained that the transactions were executed on stock exchanges due to technical issues encountered with offline transfer processes. The sale transaction was undertaken to address urgent personal fund requirements of Mr. Raghav Sarda, while the simultaneous purchase by Prachi Agriculture & Properties Pvt. Ltd. was strategically executed to prevent any alteration in the promoter group's collective shareholding.

Impact on Shareholding Pattern

The company emphasized that despite the internal transfer of 67,000 equity shares, there is no change in the overall promoter holding percentage. This structure ensures continuity in the promoter group's control and ownership pattern while addressing individual liquidity requirements within the group.

Regulatory Compliance

Sarda Energy & Minerals Ltd, which holds ISO 9001, ISO 14001, and ISO 45001 certifications, has duly informed both BSE Ltd and National Stock Exchange of India Ltd about these transactions under Regulation 30. The company has requested both exchanges to take the transaction details on record as part of standard regulatory compliance procedures.

Historical Stock Returns for Sarda Energy & Minerals

1 Day5 Days1 Month6 Months1 Year5 Years
+1.55%+9.78%+1.23%+0.99%+17.43%+1,310.36%
Sarda Energy & Minerals
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View All News
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