Sindhu Trade Links: Promoter encumbers shares for personal use

Kulbir Singh Surjewala, a promoter of Sindhu Trade Links, has encumbered an additional 1,542,000 shares, increasing the total number of encumbered shares held by the promoter to 3,192,000, which accounts for 0.207% of the company's total share capital. The encumbrance, executed on June 30, 2025, involves pledging shares to HDFC Bank. While the value of shares on the date of the event agreement was INR 42,949,500 the amount involved against which shares have been encumbered is INR 10,000,000 giving a ratio of 4.3:1. The primary reason cited for the encumbrance is for personal use by the promoters and PACs. Prior to this, Surjewala already had 1,650,000 shares encumbered. Sindhu Trade Links is listed on both the NSE and BSE.