Sobhagya Mercantile Limited (SML) has announced impressive financial results for the second quarter of fiscal year 2025-26, along with a significant development in its mining operations. The company's performance and new contract highlight its growing presence in the Indian market.

Financial Performance

For the quarter ended September 30, 2025, Sobhagya Mercantile Limited reported the following financial results:

The company's strong financial performance demonstrates its operational efficiency and market positioning in the current economic environment.

New Mining Contract

In a strategic move to expand its mining operations, Sobhagya Mercantile Limited has secured a significant contract. Key details of the agreement include:

• Contract Awarded By: Assam Mineral Development Corporation Ltd. (AMDCL)
• Project Location: Vadakhol Asoli Ni, Cr, Co & other Associated Mineral Block, Maharashtra
• Contract Type: Mining Development Operator (MDO)
• Scope of Work:
  • Obtaining Composite License
  • Prospecting and Preparation of Geological Report
  • Mining Plan approval and other Statutory permissions
  • Land acquisition
  • Drilling, excavation, and transportation
  • Supply and sale of minerals on a revenue-sharing basis with AMDCL

This contract positions SML CALIBER SPV, with Sobhagya Mercantile Limited as the lead member, to play a crucial role in the development and operation of the Vadakhol Asoli mineral block.

Corporate Governance

The company's board of directors met on November 14, 2025, to approve the unaudited standalone financial results for Q2 and the half-year ended September 30, 2025. The financial statements were prepared in accordance with IND-AS and have undergone a limited review by the company's auditors, Joshi & Shah.

Market Implications

The combination of strong financial performance and the new mining contract suggests a positive outlook for Sobhagya Mercantile Limited. The diversification into mining operations, particularly in strategic minerals like nickel, chromium, and cobalt, may provide the company with new revenue streams and growth opportunities.

Investors and market analysts will likely be watching closely to see how effectively SML leverages this new contract and whether it translates into sustained financial growth in the coming quarters.

Sobhagya Mercantile Limited, a company listed on the Bombay Stock Exchange (BSE), has announced plans to raise additional capital of Rs. 125.00 crores through the issuance of securities. The decision was made during a board meeting held on September 26th.

Board Meeting Details

The board meeting, which commenced at 4:00 PM and concluded at 5:10 PM, saw the company's Board of Directors approve the capital raising plan. According to the official statement released by the company, the capital will be raised through permissible modes under applicable laws.

Regulatory Approvals

It's important to note that the capital raising plan is subject to various regulatory and statutory approvals. This includes obtaining shareholder approval, which is a crucial step in the process. The company will need to follow the necessary procedures and comply with regulations set by the Securities and Exchange Board of India (SEBI) and other relevant authorities.

Company Information

Sobhagya Mercantile Limited, with its registered office in Mumbai, operates under the CIN: L45100MH1983PLC031671.

Trading Window Closure

In a separate announcement made on the same day, Sobhagya Mercantile Limited also informed about the closure of the trading window for its securities. The trading window will remain closed from October 1st until 48 hours after the declaration of the Unaudited Financial Results for the quarter and half-year ending September 30th.

This closure applies to Directors, Key Managerial Personnel (KMPs), Promoters and Promoters Group, Connected Persons, Designated Persons, and their immediate relatives covered under the company's Code of Conduct.

Management Statement

Shrikant Mitesh Bhangdiya, the Managing Director of Sobhagya Mercantile Limited, signed off on both the capital raising approval and the trading window closure notifications, underlining the importance of these developments for the company.

The capital raising initiative represents a significant move for Sobhagya Mercantile Limited, potentially providing the company with additional resources for its future plans and operations.