Sobhagya Mercantile Ltd — Important, 20-02-2026: Company Update
20-02-2026 | 02:42 pm
20-02-2026 | 02:42 pm
Sobhagya Mercantile has clarified the utilization of funds outlined in its previous Extra-Ordinary General Meeting (EGM) notice. Originally, the EGM notice listed fund deployment broadly for "General Corporate Purposes, Working Capital & Business Operations." The company now states that the entire amount of Rs. 24.41 Crores will be exclusively directed towards "General Corporate Purpose." This clarification offers investors a more precise and focused insight into how the company plans to deploy these funds, impacting its operational and strategic decisions moving forward. This update brings greater transparency for stakeholders.
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