Sarvamangal Mercantile Announces Leadership Changes and Reports Q1 Results
Sarvamangal Mercantile has undergone leadership changes with Mrs. Namrata Somani appointed as the new Managing Director for a three-year term. Mrs. Vandana Somani stepped down as MD but remains a Non-Executive Director, while Mr. Varun Somani resigned from his Non-Executive Director role. The company reported Q1 financial results with a reduced loss of Rs. 3.25 lakhs compared to Rs. 11.14 lakhs in the previous year. Other income was Rs. 3.34 lakhs and total expenses were Rs. 6.59 lakhs. The company also appointed M/s Smita Prabhu & Associates as Secretarial Auditor for five years and scheduled its 42nd AGM for September 25.