Sobhagya Mercantile Ltd has received Environmental Clearance (EC) for its Marki Mangli IV Coal Mine project, marking a critical regulatory milestone for operations in Yavatmal District, Maharashtra. The Ministry of Environment, Forest and Climate Change (MoEF&CC) granted the clearance on August 7, 2026, permitting a production capacity of 0.2 MTPA within a mining lease area of 201.69 hectares. This approval serves as the primary statutory prerequisite for obtaining subsequent regulatory permissions and commencing mining activities, thereby unlocking the project's potential to contribute to the company's long-term asset base.

The company filed an intimation with the BSE Limited on August 8, 2026, under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also references SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The EC was issued vide File/Letter no. IA-J-11015/45/2023-IA-II(M), following an online application submitted by the company on the PARIVESH portal on May 23, 2026.

Project Specifications and Regulatory Validity

The Expert Appraisal Committee (EAC) of the MoEF&CC examined the proposal in accordance with the Environment Impact Assessment (EIA) Notification, 2006, and its amendments before acceding to the clearance. The approval is valid for a period of 19 years. The project is located within the mining lease area of 201.69 hectares in Yavatmal District.

Strategic Implications

Management stated that the clearance is essential to obtain statutory permissions and commence the Marki Mangli IV Coal Mine. The filing notes that upon commencement, the project is expected to improve the socio-economic status of the local area and generate royalty revenue for the State Government. No penalties were applicable in relation to this approval process. The company had previously received allocation of the coal mine block on October 17, 2022, and conducted a public hearing for the environmental clearance on January 30, 2026.

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.