Sobhagya Mercantile EGM Passes Convertible Warrants Issue

Sobhagya Mercantile Limited successfully conducted its EGM on February 2, 2026, with shareholders approving the issue of convertible warrants on preferential allotment basis with 99.9999% votes in favor.

Sobhagya Mercantile Board Approves Convertible Warrants

Sobhagya Mercantile board approves preferential allotment of 26.50 lakh convertible warrants worth ₹1,787.06 crores to 5 non-promoter investors at ₹674.49 per warrant, with EGM scheduled for February 2.

Sobhagya Mercantile Receives Letter of Intent for Maharashtra Mining Block Operations

Assam Mineral Development Corporation issued a Letter of Intent to SML CALIBER SPV (lead member Sobhagya Mercantile Limited) for Vadakhol Asoli Ni, Cr, Co mineral block operations in Maharashtra on a revenue sharing basis. The contract covers composite licensing, prospecting, geological reporting, mining plan approval, land acquisition, drilling, excavation, transportation and mineral supply as Mine Developer and Operator.

Sobhagya Mercantile Reports Strong Q2 Performance and Secures Mining Contract

Sobhagya Mercantile Limited reported net profit of Rs 469.52 lakhs for the quarter ended September 30, 2025, with revenue from operations at Rs 5,215.85 lakhs. The company received a Letter of Intent from Assam Mineral Development Corporation for mining operations at Vadakhol Asoli mineral block in Maharashtra on a revenue sharing basis.

Sobhagya Mercantile Limited Approves Rs. 125 Crore Capital Raising Plan

Sobhagya Mercantile Limited's Board of Directors approved raising additional capital of Rs. 125 crores through issuance of securities. The decision was made during a board meeting held on September 26th, 2025, which commenced at 4:00 PM and concluded at 5:10 PM. The capital raising is subject to regulatory and statutory approvals, including shareholder approval. The securities will be issued through permissible modes under applicable laws.