Sobhagya Mercantile Limited has scheduled its 42nd Annual General Meeting (AGM) for Tuesday, September 29, 2026. The meeting will be held through Video Conferencing or Other Audio-Visual Means (OAVM). Remote e-voting will commence on Saturday, September 26, 2026.

The company engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting platform. The cut-off date for determining eligibility to vote is Tuesday, September 22, 2026. The register of members and share transfer books will remain closed from Wednesday, September 23, 2026, to Tuesday, September 29, 2026, both days inclusive.

E-Voting Timeline and Procedure

The remote e-voting period begins on Saturday, September 26, 2026, at 9:00 am and ends on Monday, September 28, 2026, at 5:00 pm. Once the voting window closes, the facility will be disabled. Members who cast their votes remotely cannot modify them subsequently. Voting rights are proportional to the paid-up equity share capital as on the cut-off date.

Members who acquired shares after the dispatch of the AGM notice but hold shares as on the record date can obtain login credentials by contacting NSDL at evoting@nsdl.com or calling 022-4886 7000. The scrutinizer appointed for the process is M/s PDTs & Associates, Company Secretaries.

Financial Performance Recap

In its recently concluded FY26 results, Sobhagya Mercantile reported a 41.90% year-on-year increase in profit after tax (PAT) to ₹2,203.87 lakhs. Revenue from operations expanded by 47.82% to ₹23,250.41 lakhs, driven by strong execution in the engineering segment.

AGM Agenda and Corporate Updates

Key agenda items for the 42nd AGM include:

• Ratification of the cost auditor’s remuneration.
• Appointment of Mrs. Aarti Shrikant Bhangdiya as a Non-Executive Non-Independent Director.
• Re-appointment of Mrs. Sonal Kirtikumar Bhangdiya, who retires by rotation.

The Board of Directors appointed M/s L M A & Associates as the cost auditor for FY27 during a meeting on September 2, 2026. The firm’s remuneration was set at ₹55,000 plus applicable taxes.

Shareholder Compliance Reminder

The company reminded shareholders to update KYC details pursuant to SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024. Security holders with physical folios must record PAN, address, mobile number, bank account details, specimen signature, and nomination choice to be eligible for electronic payments including dividends. The cut-off date for updating email addresses to receive digital communications is September 22, 2026.

Sobhagya Mercantile reported a contraction in key financial metrics for the first quarter of FY27 (ended June 30, 2026), with revenue and net profit declining significantly compared to the same period last year. The company’s standalone net profit fell to ₹40.8 crore, down from ₹56.2 crore in Q1FY26. This decline was accompanied by a drop in top-line revenue, which registered at ₹414 crore against ₹523 crore recorded previously.

The operating performance showed resilience in margin retention despite the volume or price pressure evident in the revenue figures. EBITDA stood at ₹61 million (approx ₹6.1 crore based on context, but source table says 61 million in previous article, new data says PBT 544.70 Lakh = 54.47 Cr. Wait, let's look at the new data table carefully).

Correction on Data Interpretation: New Data Table: Total Income: 4,137.28 Lakh = ₹413.7 Crore (₹414 million as per old article? No, 4137 Lakh is 413 Crore. Old article said 414 million. This is a discrepancy. 4137 Lakh = 41.37 Crore? No. 1 Lakh = 100,000. 1 Crore = 100 Lakh. So 4137.28 Lakh = 41.37 Crore. Let's re-read old article: "Revenue... ₹414 million". 414 Million = 41.4 Crore. New Data: 4,137.28 Lakh. 4137.28 / 100 = 41.37 Crore. So Old Article said "₹414 million" which is ~₹41.4 Crore. New Data is ₹41.37 Crore. They match. Net Profit Old: ₹41 million (₹4.1 Crore). New Data Net Profit After Tax: 407.60 Lakh = ₹40.76 Crore. Wait. 407.60 Lakh = 40.76 Crore. Old Article said Net Profit ₹41 million. 41 Million = 4.1 Crore. There is a factor of 10 difference or unit confusion in the old article vs new data. Let's check Previous Year: Old Article Revenue: ₹523 million = 52.3 Crore. New Data Prev Year Revenue: 5,232.33 Lakh = 52.32 Crore. Matches. Old Article Net Profit: ₹56 million = 5.6 Crore. New Data Prev Year Net Profit After Tax: 562.02 Lakh = 56.20 Crore.

Ah, the old article used "Million" but the numbers correspond to "Crore" if we assume standard Indian reporting, OR the old article had a typo saying Million instead of Crore, OR the new data is in Lakhs and I need to convert correctly.

Let's stick strictly to the NEW DATA for accuracy as per rules. New Data: Revenue Q1FY27: 4,137.28 Lakh = ₹413.73 Crore. Revenue Q1FY26: 5,232.33 Lakh = ₹523.23 Crore. Change: (413.73 - 523.23) / 523.23 = -20.9% ≈ -21%.

Net Profit After Tax Q1FY27: 407.60 Lakh = ₹40.76 Crore. Net Profit After Tax Q1FY26: 562.02 Lakh = ₹56.20 Crore. Change: (40.76 - 56.20) / 56.20 = -27.4% ≈ -27%.

EBITDA is not explicitly given in the new data table, only PBT and PAT. However, the old article mentioned EBITDA of ₹61 million (6.1 Crore?) vs ₹78 million (7.8 Crore?). If Revenue is ~414 Crore, EBITDA of 6.1 Crore would be a 1.5% margin. The old article said 14.60% margin. 14.60% of 414 Crore = ~60.4 Crore. So the old article's "₹61 million" was likely a typo for "₹61 crore". Since the new data does NOT provide EBITDA explicitly, I cannot invent it. I must omit EBITDA if not in source, or rely on the fact that the prompt says "MERGE". If the existing article has EBITDA and it's not contradicted by new data (just absent), should I keep it? Rule: "Do NOT rewrite paragraphs that are still accurate." But also "Use ONLY the provided data". The new data is the official result extract. It does not list EBITDA. It lists PBT and PAT. I will update the article to reflect the precise figures from the new data (in Crores) and remove the specific EBITDA figures if they cannot be verified from the new source, to ensure accuracy. However, the "What the Numbers Show" section in the old article relied heavily on EBITDA. Actually, looking at the new data: PBT Q1FY27: 544.70 Lakh = ₹54.47 Crore. PBT Q1FY26: 752.57 Lakh = ₹75.26 Crore. Tax Q1FY27: Current Tax 10.75? No, that's Meghna Infracon. Sobhagya's tax isn't broken down, just Net Profit After Tax.

I will construct the article using the New Data figures (converted to Crores for readability as per Indian market standards, or keep Lakhs if safer, but Crores is standard for this scale). The old article used Millions which was confusing/wrong relative to the magnitude. I will use Crores.

Revised Plan:

1. Lead with Revenue and Net Profit decline using New Data.
2. Include EPS data from New Data.
3. Include Reserve growth from New Data.
4. Omit EBITDA specific figures since they are not in the new source, but can mention "operating performance" generally if needed. Better to stick to what's there: Revenue, PBT, PAT, EPS, Reserves.
5. Update the analytical section to reflect PAT vs Revenue divergence if any, or just the scale impact.

Let's check EPS: Basic EPS Q1FY27: ₹4.25 Basic EPS Q1FY26: ₹6.77 Decline: ~37%.

Reserves: Q1FY27: ₹2,093.08 Crore (20,930.83 Lakh) Q1FY26: ₹772.07 Crore (7,720.65 Lakh) Huge jump in reserves? Or is this cumulative? "Reserves as per balance sheet". Yes, cumulative reserves increased significantly, likely due to prior year profits.

I will write the merged article now.