Sobhagya Mercantile Ltd — Important, 05-05-2026: Company Update

Sobhagya Mercantile has incorporated Vadakhol Asoli Mining Private Limited as a subsidiary, acquiring a 60% stake for Rs. 0.10 Cr. This new entity, focused on composite mining, will prospect and mine critical minerals like nickel, chromium, and cobalt in the Vadakhol Asoli Mineral Block, Maharashtra. This move is a strategic step to pursue growth opportunities in the mining sector, aligning with Sobhagya Mercantile's vision and expanding its operational footprint in crucial resource development.