News Corporate Actions Sobhagya Mercantile Limited EGM Approves Convertible Warrants Issue with Overwhelming Shareholder SupportSobhagya Mercantile Limited EGM Approves Convertible Warrants Issue with Overwhelming Shareholder Support
Sobhagya Mercantile Limited's Extra-Ordinary General Meeting held on February 2, 2026, resulted in overwhelming shareholder approval for issuing convertible warrants on preferential allotment basis. The resolution received 7455499 votes in favor (99.9999%) with only 4 votes against, representing 88.76% participation of total shares. The meeting was conducted through video conferencing with 29 members attending, and the voting process was managed through remote e-voting facility provided by NSDL.
*this image is generated using AI for illustrative purposes only.
Sobhagya mercantile Limited successfully conducted its Extra-Ordinary General Meeting on February 2, 2026, securing overwhelming shareholder approval for a special resolution regarding the issue of convertible warrants on preferential allotment basis. The meeting, held through video conferencing from 4:00 PM to 4:31 PM, demonstrated strong investor confidence with 99.9999% votes cast in favor of the proposal.
Meeting Participation and Voting Results
The EGM witnessed significant shareholder participation with 29 members attending through video conferencing, comprising 5 promoter group members and 24 public shareholders. The voting process was conducted entirely through remote e-voting, with no votes cast during the meeting itself.
| Voting Category: | Details |
|---|---|
| Total Shareholders on Record Date: | 1386 |
| Record Date: | January 27, 2026 |
| Meeting Duration: | 4:00 PM to 4:31 PM |
| Video Conference Attendees: | 29 members |
| Promoter Group Attendance: | 5 members |
| Public Shareholders Attendance: | 24 members |
Resolution Voting Breakdown
The special resolution for issuing convertible warrants on preferential allotment basis received exceptional support across all shareholder categories. The detailed voting results showcase the strong alignment between promoter and public shareholder interests.
| Shareholder Category: | Shares Held | Votes Polled | % Polled | Votes in Favor | Votes Against | % in Favor |
|---|---|---|---|---|---|---|
| Promoter and Promoter Group: | 6299919 | 6299919 | 100.00% | 6299919 | 0 | 100.00% |
| Public-Institutions: | 0 | 0 | 0.00% | 0 | 0 | 0.00% |
| Public-Non Institutions: | 2100081 | 1155584 | 55.03% | 1155580 | 4 | 99.9997% |
| Total: | 8400000 | 7455503 | 88.76% | 7455499 | 4 | 99.9999% |
E-Voting Process and Timeline
The company provided remote e-voting facility for four days, commencing from January 29, 2026, at 9:00 AM until February 1, 2026, at 5:00 PM. The e-voting platform was managed by National Securities Depositories Limited (NSDL), ensuring a transparent and secure voting process.
Scrutinizer Appointment and Report
PDTS and Associates, Company Secretaries, with Mr. Parag Dasarwar (FCS No. 9304) as the scrutinizer, was appointed by the Board on January 5, 2026, to oversee the voting process. The scrutinizer submitted the consolidated report on February 3, 2026, confirming the validity of all votes cast and the successful passage of the resolution.
| Scrutinizer Details: | Information |
|---|---|
| Firm Name: | PDTS and Associates, Company Secretaries |
| Scrutinizer: | Mr. Parag Dasarwar |
| Membership Number: | 9304 |
| Appointment Date: | January 5, 2026 |
| Report Submission: | February 3, 2026 |
Regulatory Compliance
The company has submitted the voting results and scrutinizer's report to BSE Limited in compliance with Regulations 30 and 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resolution, as outlined in the notice dated January 5, 2026, has been passed with the requisite majority, enabling the company to proceed with the convertible warrants issue on preferential allotment basis.
Historical Stock Returns for Sobhagya Mercantile
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.58% | -12.73% | -9.55% | +35.49% | +214.72% | +82,170.84% |
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