Latest news about Sobhagya Mercantile
Sobhagya Mercantile's Joint Venture Secures ₹260.5 Crore Maharashtra Irrigation Project Under Gosikhurd Scheme
Sobhagya Mercantile
849.85
-28.25(-3.22%)
Company Performance:
View Company Insights1D-3.22%
1M-7.02%
6M-6.62%
1Y+89.11%
5Y+76,463.06%
More news about Sobhagya Mercantile
31Mar 26
Sobhagya Mercantile Limited: Foreign Entity Acquires 6.67% Stake Through Preferential Allotment
LEGENDS GLOBAL OPPORTUNITIES (SINGAPORE) PTE. LTD. has acquired 6,50,500 equity shares representing 6.67% stake in Sobhagya Mercantile Limited through preferential allotment pursuant to convertible warrants. The transaction, completed on 27th March 2026, increased the company's equity share capital from Rs 8,70,00,000 to Rs 9,74,85,000. The Singapore-based entity, which is not part of the promoter group, converted its existing warrants into direct equity participation in the BSE-listed company.
28Mar 26
Sobhagya Mercantile Limited Publishes EGM Newspaper Advertisement Under Regulation 30
Sobhagya Mercantile Limited has submitted newspaper advertisements to BSE Limited for its EGM scheduled on April 20, 2026. The advertisements were published in Business Standard and Mumbai Lakshadeep on March 28, 2026, in compliance with SEBI regulations, with e-voting facility available from April 16-19, 2026.
28Mar 26
Sobhagya Mercantile Allots 10,48,500 Equity Shares Through Warrant Conversion, Raises Rs. 53.04 Crores
Sobhagya Mercantile Limited successfully completed allotment of 10,48,500 equity shares on March 27, 2026, through conversion of convertible warrants by two non-promoter investors. The shares were issued at Rs. 674.49 per share, raising Rs. 53,04,02,073.75 for the company. This allotment increased the paid-up equity capital from Rs. 8.70 crores to Rs. 9.75 crores, representing growth in the company's capital base through the preferential allotment route.
23Mar 26
Sobhagya Mercantile Board Approves ₹87.75 Crore Convertible Warrant Issue
Sobhagya Mercantile Limited's board has approved a preferential allotment of 13,01,000 convertible warrants worth ₹87.75 crores to two non-promoter institutional investors at ₹674.49 per warrant. The warrants can be converted into equity shares within 18 months, with 25% payment required upfront and the balance upon conversion. The proposal requires member approval at an EGM scheduled for April 20, 2026.
13Mar 26
Legends Global Files SEBI Disclosure for Sobhagya Mercantile Warrant Allotment
Sobhagya Mercantile Limited completed significant capital raising through allotment of 13,48,500 convertible warrants and 3,00,000 equity shares to non-promoter investors. Legends Global Opportunities (Singapore) Pte. Ltd. filed mandatory SEBI disclosure for its 6,50,500 warrant allotment representing 6.67% diluted shareholding, while Dovetail India Fund-Class 22 simultaneously converted warrants to equity shares for Rs. 20.23 crore.
03Feb 26
Sobhagya 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.
05Jan 26
Sobhagya Mercantile Board Approves ₹1,787 Cr Convertible Warrants Issue
Sobhagya Mercantile's board has approved a major capital raising initiative involving 26.50 lakh convertible warrants worth ₹1,787.06 crores to be allotted to five international non-promoter investors. The warrants, priced at ₹674.49 each, can be converted to equity shares within 18 months, with an EGM scheduled for February 2 to obtain shareholder approval.
17Nov 25
Sobhagya Mercantile Secures Letter of Intent for Maharashtra Mining Operations
Sobhagya Mercantile Limited's consortium SML CALIBER SPV has received a Letter of Intent from Assam Mineral Development Corporation for mining operations at the Vadakhol Asoli Ni, Cr, Co & other Associated Mineral Block in Maharashtra. The contract includes obtaining licenses, prospecting, land acquisition, mining operations, and mineral sales on a revenue-sharing basis. A Performance Security of Rs. 1.5 crore has been submitted. The project's full financial implications will be determined after detailed exploration.
15Nov 25
Sobhagya Mercantile Reports Strong Q2 Performance and Secures Mining Contract
Sobhagya Mercantile Limited (SML) announced Q2 FY2025-26 results with net profit of ₹469.52 lakhs and revenue of ₹5,215.85 lakhs. SML also secured a significant Mining Development Operator contract from Assam Mineral Development Corporation Ltd. for the Vadakhol Asoli mineral block in Maharashtra. The contract includes obtaining licenses, prospecting, land acquisition, and mineral extraction on a revenue-sharing basis.
26Sept 25
Sobhagya Mercantile Limited Approves Rs. 125 Crore Capital Raising Plan
Sobhagya Mercantile Limited, listed on BSE, approved a plan to raise Rs. 125 crores through securities issuance. The decision was made in a board meeting on September 26th. The plan is subject to regulatory and shareholder approvals. The company also announced a trading window closure from October 1st until 48 hours after the declaration of Q2 financial results for insiders and related parties.
30May 25
Sobha Ltd Reports Impressive Q4 Performance with 483% Surge in Net Profit
Sobha Ltd announced impressive Q4 financial results. Consolidated net profit soared 483% to ₹408.60 crore, while revenue increased 62.5% to ₹1,240.00 crore compared to the same quarter last year. The board recommended a dividend of ₹3.00 per equity share. Annual figures showed substantial growth with revenue up 82.32% to ₹5,980.00 crore and EBITDA rising 96.55% to ₹1,140.00 crore. The company's operating profit margin stood at 14.59%, indicating strong operational efficiency.
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