Sarda Energy & Minerals clarifies volume spurt, Supreme Court upholds SKS Power acquisition
Sarda Energy & Minerals Limited clarified a volume spurt, stating it's market-driven. The Supreme Court dismissed appeals against the company's approved resolution plan for SKS Power Generation (Chhattisgarh) Ltd. The NCLT had approved the acquisition on August 13, 2024.
The acquisition of SKS Power Generation is a significant event that could impact the company's future operations and financial performance, but the direct immediate impact on share price due to volume increase is moderate.
The Supreme Court's decision to dismiss appeals and uphold the acquisition plan is a positive development for the company, removing a significant legal hurdle.
Sarda Energy & Minerals Limited has responded to an exchange query regarding a recent surge in its trading volume. The company stated that it has consistently disclosed all material information affecting its operations and performance, in compliance with SEBI regulations.
Most recently, on February 27, 2026, the company informed the exchanges about the dismissal of appeals by unsuccessful resolution applicants by the Hon'ble Supreme Court. This order, dated February 27, 2026, upholds the National Company Law Tribunal's (NCLT) approval of Sarda Energy's resolution plan for the acquisition of SKS Power Generation (Chhattisgarh) Ltd. under the Corporate Insolvency Resolution Process (CIRP). The NCLT's original approval was granted on August 13, 2024.
Sarda Energy & Minerals further clarified that the current increase in trading volume is purely market-driven and not connected to any specific actions by the company's management. The company reiterated its commitment to adhering to all listing regulations and applicable laws.
What to do with a filing like this
Sarda Energy & Minerals Limited filed this with the NSE as a statutory disclosure, categorised under substantial acquisition of shares and takeovers. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Sarda Energy & Minerals Limited. Read the original for the full detail.