Sobhagya Mercantile Ltd. Approves Allotment of 10,48,500 Equity Shares After Conversion of Convertible Warrants

Sobhagya Mercantile Ltd. held a Board Meeting on 27th March, 2026, where they approved the allotment of 10,48,500 Equity Shares to Non-Promoter investors. These shares were issued after the conversion of Convertible Warrants, which were initially allotted on a preferential basis on 11th March, 2026. The warrants were issued in compliance with the SEBI (Issue of Capital and Disclosures Requirements) Regulations, 2018. The company received Rs. 53,04,02,073.75/- from the allottees after the conversion. The issue price of the shares was Rs. 674.49/- per share, which includes a premium of Rs. 664.49/- per share. The paid-up equity share capital of the company has increased from Rs. 8,70,00,000/- to Rs. 9,74,85,000/- due to this allotment.