Zeal Global Opportunities Fund has acquired a 5.89% stake in Sobhagya Mercantile Limited through the preferential allotment of convertible warrants. The acquisition, disclosed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, involved the allotment of 6,50,500 warrants on June 03, 2026. This transaction represents a significant shift in the shareholding pattern of Sobhagya Mercantile Limited, which is listed on BSE Limited.

The warrants carry a face value of Rs. 10 each and were issued at a premium of Rs. 664.49 each. Prior to this acquisition, the acquirer held no shares, voting rights, or other instruments in the target company. Following the allotment, Zeal Global Opportunities Fund holds 6,50,500 warrants, which account for 5.89% of the total diluted share capital of Sobhagya Mercantile Limited.

Acquisition Details

The disclosure outlines the specific details of the transaction, confirming that the acquirer does not belong to the promoter or promoter group of the target company. The mode of acquisition was identified as a preferential allotment of convertible warrants. The equity share capital of Sobhagya Mercantile Limited remains unchanged at Rs. 9,74,85,000, comprising 97,48,500 equity shares of Rs. 10 each. However, the total diluted share capital post-acquisition stands at Rs. 11,04,95,000, accounting for the full conversion of the outstanding warrants into equity shares.

Shareholding Structure

The following table summarizes the acquirer's holding before and after the transaction:

The disclosure was submitted to BSE Limited and Sobhagya Mercantile Limited on June 04, 2026, by Zaid Peerun, Director of Zeal Global Opportunities Fund. The document confirms that the acquirer has complied with the regulatory requirements for substantial acquisition of shares.

Sobhagya Mercantile Limited has sought shareholder approval through a postal ballot for material related party transactions with MKS Constro-Venture Private Limited. The company proposes to enter into agreements involving the sale of goods and services worth ₹300 crore and the advancement of a loan amounting to ₹75 crore. The transactions, which are classified as material, represent 129.03% and 32.26% of the listed entity’s annual consolidated turnover for the immediately preceding financial year, respectively.

The resolutions will be decided via an ordinary resolution through a remote e-voting process. The remote e-voting period commences on June 4, 2026, at 09:00 a.m. IST and concludes on July 3, 2026, at 5:00 p.m. IST. The scrutinizer’s report and the announcement of results are expected on or before July 6, 2026.

Transaction Details

The proposed transactions are divided into two primary categories: the sale of goods and services, and the provision of loans. The company has stated that the proposed transactions will aid business growth and offer better pricing or terms compared to external parties. Shrikant Mitesh Bhangdiya, Managing Director, has been identified as a director with an interest in the transactions.

Related Party Financials

MKS Constro-Venture Private Limited, the related party involved in these transactions, reported a turnover of ₹904.54 crore and a Profit After Tax of ₹265.20 crore for the financial year 2025-26. The net worth of the entity stood at ₹3,729.38 crore for the same period. The company has confirmed there were no defaults by the related party concerning any obligations undertaken during the last financial year.

The postal ballot notice was submitted to BSE Limited on June 3, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice and explanatory statement are available on the company’s website and the NSDL e-voting portal.