Sobhagya Mercantile Limited appointed M/s L M A & Associates as its cost auditor for the financial year 2026-27. The Board of Directors approved the appointment during a meeting held on September 2, 2026. The firm will conduct the cost audit in compliance with SEBI regulations. The board also approved the revised notice for the company’s 42nd Annual General Meeting. The AGM is scheduled to take place on Tuesday, September 29, 2026.

The appointment follows a recommendation from the Audit Committee. Sobhagya Mercantile disclosed the move pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure aligns with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Auditor Profile

M/s L M A & Associates is based in Bhandara and holds Firm Registration No. 04014. The firm is led by CMA Lokesh Akare. It specializes in cost audit, cost accounting, cost management, and GST-related services. The firm has six years of professional experience. Its stated objective is to assist clients in effective cost management and regulatory compliance.

The source document does not disclose any relationship between the appointed auditors and the company’s directors.

Key Details

The board meeting commenced at 3:00 pm and concluded at 5:10 pm on September 2, 2026. Shrikant Mitesh Bhangdiya, Managing Director of Sobhagya Mercantile, signed the intimation.

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.