NOVA Global Opportunities Fund PCC- Touchstone has acquired a 6.26% stake in Sobhagya Mercantile Limited through the preferential allotment of equity shares. The acquisition, comprising 6,50,500 shares, was executed on July 13, 2026, pursuant to the conversion of convertible warrants. This transaction increases the acquirer's holding to 6.26% of the total voting capital and 5.89% of the total diluted share capital of the company.

The disclosure was made to BSE Limited under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirer does not belong to the promoter or promoter group of Sobhagya Mercantile Limited. The equity shares carry a face value of Rs. 10 each and were issued at a premium of Rs. 664.49 per share.

Following the acquisition, the equity share capital of Sobhagya Mercantile Limited stands at Rs. 10,39,90,000, consisting of 1,03,99,000 equity shares of Rs. 10 each. The total diluted share capital post-acquisition is Rs. 11,04,95,000, comprising 1,10,49,500 equity shares of Rs. 10 each.

Acquisition Details

The table below outlines the shareholding structure before and after the acquisition:

The filing was signed by Nityesh Peetumber, Director of NOVA Global Opportunities Fund PCC- Touchstone, on July 14, 2026. The acquirer is based in Mauritius and operates through ONS FinServ.

Sobhagya Mercantile Limited has secured shareholder approval for a material related party transaction with MKS Constro-Venture Private Limited. The resolution was passed through a postal ballot conducted via remote e-voting, which concluded on July 03, 2026. This approval authorizes the company to proceed with the specific transaction involving the related party.

The remote e-voting process was open from June 04, 2026, to July 03, 2026. PDTS and Associates, comprising Company Secretaries, were appointed as the scrutinizer to oversee the voting process and ensure transparency. The scrutinizer's report confirmed that the resolution received the requisite majority for approval.

A total of 579,258 valid votes were cast during the e-voting period. The resolution was passed with an overwhelming majority, as 99.9984% of the votes were cast in favour. Only 9 votes, representing 0.0016% of the total, were cast against the proposal.

Voting Results Summary

Promoters holding 6,299,919 equity shares did not participate in the voting. As the resolution involved a related party transaction, the promoters abstained from voting, and their shares were not taken into account for determining the outcome. The total number of shareholders on the record date of May 29, 2026, was 1,359.