Sobhagya Mercantile Limited held its 42nd Annual General Meeting on September 29, 2026, approving audited standalone financial statements for FY26 and several key director appointments.

The meeting was conducted through video conferencing in compliance with Ministry of Corporate Affairs and SEBI circulars. Managing Director Shrikant Mitesh Bhangdiya chaired the session, confirming the requisite quorum and outlining the company's performance for the fiscal year ended March 31, 2026.

Resolutions passed

Members voted on six resolutions covering ordinary and special business. The statutory auditors reported no qualifications or adverse remarks on the financial statements. Secretarial auditors noted certain recommendations which the company acknowledged for appropriate action.

Voting process

Voting was conducted via remote e-voting through National Securities Depository Limited (NSDL). The remote voting window opened on September 26, 2026, at 9:00 am and closed on September 28, 2026, at 5:00 pm. Members attending the meeting who had not previously voted were allowed to cast their votes during the session using the same facility.

M/s PDTS & Associates, Company Secretaries, served as the scrutinizer to supervise the e-voting process. The company secretary stated that results would be announced within statutory timelines and uploaded to stock exchange websites.

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.