Small-cap stock share price soared 15% on Wednesday, 15 May, after the company said its board will meet on Friday, May 22, to consider multiple proposals, including acquisitions and related party transactions.
The jumped as much as 15.12% to its day’s high of ₹25.95 per share on BSE.
It is still 34% away from its 52-week high of ₹39.25, hit in July 2025. Meanwhile, it touched its 52-week low of ₹17.72 in January 2026. The scrip has given positive returns in the near term, rising 11% in 1 week, 5% in one month and 12% in 6 months. Moreover, it added 24% in the past 1 year and gave returns of 1240% in the last 5 years.
Acquisition Update
According to the company’s exchange filing, the board will consider the acquisition of equity shares of Advent Coal Resources Pte. Limited and Sainik Mining and Allied Services Limited. The proposals also include related party transactions connected to the acquisition of controlling stakes in Advent Coal Resources Pte. Ltd., Singapore, and Sainik Mining and Allied Services Limited through preferential allotment of equity shares and compulsorily convertible preference shares.
The company said the board will also discuss proposed material related party transactions and consider approval of the draft notice for an Extraordinary General Meeting (EGM), along with enabling resolutions required under applicable regulations.
“…..the meeting of the Board of Directors of Sindhu Trade Links Limited is scheduled to be held on Friday, 22nd May, 2026, at 04:00 P.M. at the Corporate Office of the Company to inter alia, discuss, consider and approve the:
1. Acquisition of Equity Shares of M/s Advent Coal Resources Pte. Limited and Equity Shares
of M/s Sainik Mining and Allied Services Limited and its Related Party Transaction and Other Related Matter for acquisition of controlling interest in Advent Coal Resources Pte. Ltd., Singapore & M/s Sainik Mining and Allied Services Limited, by way of allotment of Equity Shares and Compulsory Convertible Preference Shares respectively, of the Company on a preferential basis subject to all applicable corporate, statutory, regulatory and stock exchange approvals.
2. Proposed material related party transaction and connected matters, including approval of the draft notice of Extra-Ordinary General Meeting and enabling resolutions, as may be required under applicable law,” it said in an exchange filing.
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