EGM and Preferential Issue Details

  • EGM was held on Thursday, June 18, 2026, at 3:00 PM through video conference and audio-visual means.
  • The company had sought shareholder approval for a preferential issue of 30,04,55,030 Equity Shares and 97,176,757 Compulsorily Convertible Preference Shares (CCPS).
  • Applications for in-principle approval for this preferential issue were filed with stock exchanges.

Stock Exchange Interaction

  • The company received certain observations/clarifications from stock exchanges regarding the preferential issue.
  • The National Stock Exchange, via letter dated July 23, 2026, recommended additional disclosures and updates to the EGM notice under Regulation 30.

Specific Updates and Clarifications

1. Updated Valuation Reports: The updated valuation reports for M/s Sainik Mining and Allied Services Limited, M/s Advent Coal Resources Pte Limited, and M/s Sindhu Trade Links Limited are available on the company's website (www.sindhutrade.com). Specific URLs were provided:

  • https://sindhutrade.com/wp-content/uploads/2026/07/Updated-Valuation-Report-of-Sindhu-Trade-Links-Limited.pdf
  • https://sindhutrade.com/wp-content/uploads/2026/07/Valuation-Report-Sainik-Mining-and-Allied-Services-Limited.pdf
  • https://sindhutrade.com/wp-content/uploads/2026/07/Updated-Valuation-Report-Advent-Coal-Resources-Pte.-Limited.pdf

2. CCPS Terms Clarification: A clarification was provided regarding the voting rights terms of the CCPS:

  • On page 23, Item No. 4, sub-point 6 (Voting Rights) of the Updated EGM Notice, it stated that CCPS holders would have voting rights "On all resolutions if the dividend remains unpaid for a period of 2 (two) years or more" due to Section 47(2) of the Companies Act, 2013.
  • It is clarified that this clause shall not be operative because the Maximum Tenure of the CCPS is limited to 18 Months from the date of allotment.

Impact and Availability

  • The company stated that these updates have no impact on the transactions.
  • This intimation is also available on the company's website www.sindhutrade.com.
  • The clarifications and updates form part of the EGM Notice and are being circulated for member and stakeholder information.