Sarvamangal Mercantile Company Ltd promoter group member Hridai Somani sold his entire holding of 500 shares in the company through an off-market transaction on November 25, 2025.

The disclosure filed with BSE Limited under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirms that Somani’s stake reduced from 0.20% to 0.00% of the total share capital. The equity share capital of the company remained unchanged at ₹24.90 lakh before and after the transaction.

Transaction details

The acquisition involved a transfer of voting rights attached to equity shares. No warrants, convertible securities, or other instruments entitling the acquirer to receive shares were involved in this specific transaction. The mode of sale was recorded as an off-market transaction.

Promoter group composition

The Persons Acting in Concert (PAC) with Hridai Somani included Suhrid Somani, Susheel Somani, Susheel G Somani HUF, Susheel Somani (S.K. Somani & Co.), Kumkum Somani, and Jaya Somani. Among these entities, only Jaya Somani held shares prior to this transaction, maintaining a constant holding of 1,000 shares (0.40%).

All other listed PAC members held zero shares both before and after the transaction. There were no encumbrances, pledges, or liens on the shares involved in the sale. The total diluted share capital of the company also remained static at ₹24.90 lakh.

Sarvamangal Mercantile Company Limited members unanimously passed all resolutions at its 43rd Annual General Meeting held on September 16, 2026. The assembly approved the adoption of the company’s audited financial statements for the fiscal year ended March 31, 2026, alongside the reports of the Board of Directors and statutory auditors.

The meeting also saw the re-appointment of Vandana Somani as a director, replacing her term that expired by rotation. Both items were transacted as ordinary resolutions and received full support from the voting shareholders.

Voting Participation and Results

The company reported a total of 22 shareholders on the record date of September 11, 2026. Out of these, 8 members participated in the voting process, representing a significant portion of the shareholder base given the small number of total holders.

All voting was conducted through remote e-voting between September 13, 2026, and September 15, 2026. No votes were cast via physical ballot at the venue. The promoter group and public shareholders alike voted in favor of both resolutions without any dissenting votes.

Governance and Compliance

Smita Prabhu & Associates served as the scrutinizer for the voting process. The firm confirmed that the e-voting system provided by NSDL functioned correctly and that all procedures complied with Section 108 of the Companies Act, 2013, and Rule 20 of the Companies (Management and Administration) Rules, 2014.

The statutory auditors’ report and secretarial audit report contained no qualifications, indicating standard compliance with regulatory requirements for the period under review. The meeting was chaired by Managing Director Namrata Somani, with Independent Directors Rajiv Bafna and Surendran Nair in attendance.