Sobhagya Mercantile Ltd — Important, 23-03-2026: Company Update

Sobhagya Mercantile's board approved a preferential issue of 13,01,000 Convertible Warrants to non-promoters at Rs. 674.49 each, aiming to raise approximately Rs. 87.75 Cr. These warrants will convert into equity shares within 18 months. The board also gave its nod to material related party transactions, both subject to shareholder approval. An Extra Ordinary General Meeting will be convened on April 20, 2026, to seek shareholder consent for these crucial capital-raising and operational initiatives. This move strengthens the company's financial base and strategic partnerships.