Sobhagya Mercantile Ltd — Important, 13-07-2026: Company Update

Sobhagya Mercantile Limited's Board approved the allotment of 6,50,500 new equity shares to a non-promoter entity, Nova Global Opportunities Fund PCC-Touchstone, following the conversion of convertible warrants. Each share was allotted at an issue price of Rs. 674.49, comprising a face value of Rs. 10 and a premium of Rs. 664.49. The company received Rs. 32.91 Cr from this conversion. As a result, the company's paid-up equity share capital increased from Rs. 9.75 Cr (97,48,500 shares) to Rs. 10.40 Cr (1,03,99,000 shares), reflecting an increase in shares and capital. This move strengthens the company's capital base.