SOBHAGYA MERCHANTILE LTD.

Sobhagya Mercantile Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in compliance with SEBI's Prohibition of Insider Trading Regulations, 2015, and the company's Code of Conduct. The trading window will be shut from Wednesday, July 1st, 2026, until 48 hours after the declaration of the Unaudited Financial Results for the quarter ending June 30th, 2026. This restriction applies to Directors, KMPs, Promoters, Connected Persons, Designated Persons, and their immediate relatives. The specific date for the Board of Directors' meeting to approve these financial results will be communicated later.

Sobhagya Mercantile Ltd's joint venture, Adyal L.I.S. (JV), has received a significant work order valued at ₹260.53 crore from the Vidarbha Irrigation Development Corporation. The order is for the construction of the Adyal Lift Irrigation Scheme under the Gosikhurd Project in Chandrapur district. The JV, in which Sobhagya Mercantile holds a 40% stake, has deposited an initial security of ₹2.61 crore and remitted stamp duty for the agreement. The project is expected to be executed within 33 months. This development marks a substantial business win for the company's JV.

Zeal Global Opportunities Fund has acquired 6,50,500 convertible warrants in Sobhagya Mercantile Limited through a preferential allotment. This acquisition represents a 5.89% stake on a diluted basis. The warrants were allotted at a premium of Rs. 664.49 each, with a face value of Rs. 10. The total equity share capital of Sobhagya Mercantile remains Rs. 9,74,85,000. This move signifies a substantial acquisition of shares and potential future equity holding by Zeal Global Opportunities Fund.

Nova Global Opportunities Fund PCC - Touchstone has acquired a 5.89% stake in Sobhagya Mercantile Limited through the preferential allotment of 6,50,500 convertible warrants. The acquisition, which occurred on June 3rd, 2026, increases the total diluted share capital of Sobhagya Mercantile to Rs. 11,04,95,000. This move signifies a substantial acquisition under SEBI's takeover regulations, with the fund not belonging to the promoter group.

Sobhagya Mercantile Ltd's Board of Directors has approved the allotment of 13,01,000 convertible warrants to non-promoters on a preferential basis. The issue price is ₹674.49 per warrant, raising a total of ₹87.75 crore. The company has received ₹21.94 crore as an initial subscription payment (25% of the issue price). These warrants are convertible into equity shares at an exercise price of ₹505.8675 per share and must be converted by December 2, 2027. The allotment follows an EGM resolution and prior BSE approval.

Sobhagya Mercantile Ltd issued a corrigendum to the outcome of its Board Meeting held on May 29, 2026, addressing typographical errors in the audited financial results for the quarter and year ended March 31, 2026. The errors pertain to the 'Paid up Equity share capital' disclosure, which should read as ₹974.85 lakhs, and a correction in the notes, changing 'NCDs' to 'OCDs'. The company has provided revised audited financial results incorporating these corrections, clarifying that the changes do not affect other audited figures or disclosures.

Sobhagya Mercantile Ltd confirms no deviation or variation in the utilization of funds raised through the preferential issue of convertible warrants for the quarter ended March 31, 2026. The funds were raised on January 5, 2026, amounting to ₹90,95,49,765. The utilization aligns with the objects stated in the Extra-Ordinary General Meeting held on February 2, 2026. This confirmation was reviewed by the Audit Committee and taken on record by the Board on May 29, 2026. Statutory Auditors have also issued a certificate regarding the utilization of issue proceeds.

Sobhagya Mercantile Ltd's Board of Directors approved the audited standalone financial results for the quarter and financial year ended March 31, 2026. The board also approved the appointment of M/s Ashish Mittal & Associates as Internal Auditors for FY 2026-27 and material related party transactions with MKS Constro-Venture Private Limited, subject to shareholder approval. Additionally, the board approved the Postal Ballot Notice and appointed M/s PDTS & Associates as Scrutinizer for the Postal Ballot Process. The board meeting was held on May 29, 2026.

Sobhagya Mercantile Ltd's Board of Directors approved the IND-AS compliant audited standalone financial results along with the Independent Auditors' Report for the quarter and financial year ended March 31, 2026. The board also approved the appointment of M/s Ashish Mittal & Associates as Internal Auditors for FY 2026-27 and approved material related party transactions with MKS Constro-Venture Private Limited, subject to member approval. Additionally, the board approved the Postal Ballot Notice for shareholder approval of related party transactions and appointed M/s PDTS & Associates as Scrutinizer for the Postal Ballot Process. The board meeting concluded at 08:15 P.M.

Sobhagya Mercantile Ltd has scheduled a Board of Directors meeting on May 29, 2026, to consider and approve the audited standalone financial results for the quarter and year ended March 31, 2026. The board will also consider the appointment of M/s Ashish Mittal & Associates as Internal Auditors for FY 2026-27. The trading window has been closed from April 1, 2026, and will reopen 48 hours after the declaration of the financial results.