Sobhagya Mercantile Ltd — Important, 03-06-2026: Company Update

Sobhagya Mercantile Limited's Board approved the allotment of 13.01 lakh convertible warrants at an issue price of Rs. 674.49 each. These warrants, totaling Rs. 87.75 Cr, were allotted to two non-promoter investors through a preferential issue. The company has received Rs. 21.94 Cr as 25% of the subscription amount. Each warrant entitles the holder to subscribe to one equity share at an exercise price of Rs. 505.8675. The warrants must be converted into equity shares within 18 months of allotment, by December 2, 2027. This move brings in new capital and investors.