Sobhagya Mercantile Allots 6.5 Lakh Shares on Warrant Conversion

Sobhagya Mercantile Limited announced the allotment of 6,50,500 equity shares following the conversion of convertible warrants. These warrants were initially issued on a preferential basis on June 3rd, 2026. The conversion resulted in the company receiving ₹32,90,66,808.75. Each share was issued at a price of ₹674.49 (including a premium of ₹664.49), with a face value of ₹10. This allotment increases the company's paid-up equity share capital from ₹9,74,85,000 to ₹10,39,90,000, representing an increase in the number of equity shares from 97,48,500 to 1,03,99,000.