Sindhu Trade Links Limited has received in-principle approval from both National Stock Exchange of India Limited (NSE) and BSE Limited for a preferential issue of securities. The approvals were received via separate letters dated July 31, 2026.

Approval Details

NSE Approvals:

  • Reference NSE/LIST/55396: Approval for issue of 30,04,55,030 equity shares of ₹1 each
  • Reference NSE/LIST/55397: Approval for issue of 9,71,76,757 equity shares arising from conversion of Compulsorily Convertible Preference Shares of ₹1 each

BSE Approvals:

  • Reference LOD/PREF/SS/FIP/592/2026-27: Approval for issue of 30,04,55,030 equity shares of ₹1 each at price not less than ₹23.20 per share to promoters and non-promoters on preferential basis pursuant to share swap
  • Reference LOD/PREF/SS/FIP/593/2026-27: Approval for issue of 9,71,76,757 Compulsorily Convertible Preference Shares (CCPS) of ₹1 each to be converted into 9,71,76,757 equity shares of ₹1 each at price not less than ₹23.20 to promoters on preferential basis pursuant to share swap

Conditions for Approval

The approvals are granted subject to several conditions:

1. Filing listing application at the earliest from date of allotment

2. Receipt of statutory and other approvals from authorities including SEBI, RBI, MCA

3. Compliance with all applicable guidelines, regulations, and directions as on date of listing application

4. Compliance with SEBI (LODR) Regulations, 2015, Companies Act, and other applicable laws

5. Submission of required documents and payment of applicable fees

Additional Requirements

The exchanges have advised the company to strengthen internal controls to monitor trades executed by proposed allottees. Specifically:

  • Obtain undertaking from allottees confirming they will not do intra-day trading or any sale in the company scrip till the allotment date
  • The responsibility is solely on the issuer company to verify and ensure compliance with Regulation 167(6) of SEBI ICDR regulations, 2018
  • Any non-compliances observed post-undertaking may impact listing of such shares

Timeline Requirements

The company must make listing application within twenty days from date of allotment as per Schedule XIX of ICDR Regulations and SEBI circular dated June 21, 2023.

Reservations

The exchanges reserve the right to withdraw in-principle approval if information submitted is found to be incomplete, incorrect, misleading, false, or in contravention of any rules, regulations, or guidelines.

Financial Impact

Financial impact not quantified in the disclosure.

Disclosure Compliance

This intimation is made under Regulation 30 of SEBI Listing Regulations read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and will be hosted on the company's website www.sindhutrade.com.