Sonal Mercantile Ltd — Important, 02-09-2025: Company Update

Sonal Mercantile's Board recently addressed several crucial matters. They finalized plans for the upcoming 40th Annual General Meeting (AGM), including the Board Report and e-voting arrangements. Significant changes in directorship were approved: Mr. Pardeep Kumar was re-appointed as an Independent Director for a second term, and Mr. Akash Bhardwaj was appointed as a new Independent Director. Both appointments await shareholder approval. Mr. Munish Kumar Garg's tenure as Independent Director concluded, leading to the reconstitution of vital committees such as Audit and Risk Management. Additionally, a Secretarial Auditor was appointed for a five-year term, subject to AGM approval.